Texas DIR/ESBD #717-27-705

TSU Insurance Broker Pool Services Solicitation

Texas Southern University (TSU) is seeking proposals from qualified insurance brokerage firms to establish a pool of approved brokers for a range of insurance-related services. - Government Buyer: - Texas Southern University (TSU), Procurement Services - Services Requested: - Insurance brokerage - Insurance consulting - Risk management - Claims advocacy - Insurance program review - Brokerage for commercial insurance types including: - Builder's Risk - Excess Liability/Umbrella - Cyber Liability - Professional Liability - Crime Insurance - Environmental Liability - Student Health Insurance - NCAA Accident Insurance - Foreign Travel Insurance - Special Event Insurance - Flood Insurance - Other specialized insurance - Insurance marketing - Policy administration - Content review - Loss prevention - Reporting - Notable Requirements: - Firms must be licensed in Texas - Minimum 5 years of experience with public entities or higher education - Maintain Errors & Omissions insurance - Demonstrate financial stability - Compliance with Texas and federal laws - Disclosure of conflicts of interest - No minimum work guaranteed; selection into the broker pool does not guarantee assignments - OEMs and Vendors: - No specific OEMs or product manufacturers are named, as this is a service-based solicitation - Contract Structure: - Multiple firms may be selected for the broker pool - Initial contract term of three years, with up to two annual renewal options - Estimated Contract Value: - $90,000 (total estimated value) - Period of Performance: - Three years, with two optional annual renewals

Description

The State of Texas, through Texas Southern University (TSU), is seeking sealed proposals from qualified insurance brokerage firms to establish a pool of approved insurance brokers. These brokers will provide services including insurance brokerage, insurance consulting, risk management, claims advocacy, and related professional services on an as-needed basis. The contract term is three years with an option to renew annually for two additional years. Selection into the Broker Pool does not guarantee any minimum amount of work.

View original listing