Louisiana Procurement and Contract Network #50013-btb3014

International Travel Insurance for LSU New Orleans-Sponsored Programs

LSU New Orleans is seeking an insurer to cover university-sponsored international education and travel programs. - Buyer: Louisiana State University at New Orleans (LSU New Orleans; also identified as the University of New Orleans in the initial release), Purchasing Office, supporting the Division of International Education and other campus units. The listed contact is Troy A Bacino. - Service requested: International travel insurance for students, faculty, staff, scholars, interns, chaperones, volunteers, alumni, dependents, and guests participating in university-sponsored international programs. - Estimated 350–450 participants annually, with trips lasting from two weeks to one year; participation is not guaranteed. Pricing is requested as a total premium per participant per day, including fees. - Key minimum benefits include medical expenses and emergency medical evacuation up to $500,000 each; repatriation of remains up to $250,000; accidental death and dismemberment with a minimum $25,000 principal sum; emergency medical reunion up to $10,000; trip interruption up to $1,500; security evacuation up to $50,000; and quarantine expenses up to $2,500. - Coverage must include random acts of terrorism and 24/7 global travel assistance. Optional extended coverage and Cancel for Any Reason coverage must be available. - Insurer qualifications and bid requirements: A.M. Best rating of at least A- and Financial Size Category VI; at least three current university client references; responses to university representatives within 24 hours; and a sample policy and brochure. - Contract term: One initial year with four optional one-year renewals by mutual agreement, for up to five years total. Renewal price increases require documented costs, University approval, and are capped at the prior 12-month CPI average increase. - OEMs and vendors: No insurance carrier, OEM, or vendor is identified in the provided materials.

Description

The University of New Orleans is soliciting bids for international travel insurance under a yearly service contract. The notice identifies the procurement as an Invitation for Bid and provides bid instructions and standard terms and conditions. Bids are due November 12, 2026, at 2:00 PM CT; questions are due November 3, 2026.

View original listing