Description
The South Carolina Department of Health and Human Services seeks a qualified insurance broker to secure and manage $5 million of excess public‑officials liability coverage for its executive staff, providing full marketing, placement, advisory, claims assistance, and ongoing client‑service functions under a capped annual fee. The broker must act as a fiduciary, not a dual agent, and must meet extensive federal and state compliance, security, and documentation‑retention requirements.
• Scope includes advisory services, insurer outreach, rate negotiation, policy binding, renewal forecasting, annual benchmarking, and claims coordination.
• Contract term is one year with one optional renewal year; maximum fee $25,000 per year for brokerage services only.
• Performance timelines are strict: binders within 5 days, final policies within 30 days, COIs within 2 working days, and all documentation retained for 7 years.