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Kansas State Historical Society·Kansas

Collection Property Insurance

Closes in 2 days$150k – $2MInvitation for Bid
Get bids like this by emailBid source

Description

The Kansas State Historical Society is seeking a qualified insurance vendor to provide comprehensive collection property insurance covering roughly 118,771 artifacts across permanent, loan, and third‑party collections. The contract runs from the award date through December 31 2027 with an option to renew for two additional one‑year periods. Bidders must be registered with the State of Kansas, submit a bid by 2:00 PM CST on November 3 2026, and provide required certifications (tax clearance, immigration, anti‑boycott, etc.). The insurance must meet specified limits of liability and deductibles for various collection categories and locations (permanent, loan, in‑transit, and property of others). • Scope: Provide statewide property insurance for museum and archaeology collections (≈118,771 items). • Coverage limits: $10k–$250k per item category, with $500–$1,000 deductibles. • Contract period: Award date through 12/31/2027, with two optional 12‑month renewals. • Mandatory bidder registration with Kansas State before bid deadline. • Submission: Email to [email protected] (or hand‑deliver) by 2:00 PM CST, Nov 3 2026. • Required documents: Signed bid, tax clearance, IRCA certification, sexual‑harassment policy, anti‑boycott certification, etc. • No bid guarantee required; electronic payment via EFT.

Attached files

Contact

Lily Lundy(Procurement Officer)

[email protected]

(785) 296-0714

Key dates

Opened
9/30/2026
Closes
11/3/2026
Duration
1 year

Last updated

Details

Type
Invitation for Bid
Industry
Insurance
NAICS
524126
Solicitation №
EVT0010918

Budget estimate

$150,000 – $2,000,000

The solicitation does not disclose the contract’s dollar value. Based on the listed coverage limits (e.g., $250,000 for loan collections, $100,000 for property of others) and typical premium rates for cultural‑property insurance (approximately 0.5‑2% of insured value), the annual premium could range from low‑six figures to low‑seven figures. Assuming an average insured value of $5‑10 million across all collections, a 1‑year premium might be roughly $150,000‑$800,000. With the optional two‑year renewals, total contract value could approach $1‑2 million over the full possible term.

AI estimate from the solicitation

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