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  5. ›Broker for Workman's Comp

Awarded contract·Jackson County, MO·Missouri

Broker for Workman's Comp

Won by Lockton$200kSingle Award
Contract source

Awarded vendors

  • Lockton

Description

This contract is for brokerage services for workman's compensation insurance. Lockton will provide services such as analyzing proposals, presenting coverage alternatives, and assisting with claims management. The contract has an initial term of one year, with the option to extend or renew. The compensation for Lockton will be in the form of commissions payable by the insurance carriers. The contract also includes provisions for confidentiality, termination, and limitation of liability. • The contract is for a specific line of coverage (workman's compensation) • The vendor (Lockton) will provide various services, including analysis of proposals and claims management • The contract has an initial term of one year, with options for extension or renewal • The compensation for the vendor will be in the form of commissions • The contract includes provisions for confidentiality, termination, and limitation of liability

Attached files

Key dates

Starts
12/11/2018
Ends
12/11/2019Renews
Duration
1 year

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Insurance
NAICS
524210
Solicitation №
103929

Contract value

$200,000

Based on the contract details, the estimated value of the contract is $200,000 per year, as stated in the "Value" key in the publicContractKeyValues section. This value is likely based on the commissions earned by Lockton for the workman's compensation insurance coverage. The total value of the contract over its term will depend on the number of years it is in effect and any potential extensions or renewals.

AI estimate from the award documents

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