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Awarded contract·Orange County·Florida

Group Term Life, Accidental Death, Long and Short Term Disability, and Dismemberment

Won by Standard Insurance Company$1.5MSingle Award
Contract source

Awarded vendors

  • Standard Insurance Company

Description

This contract is for the provision of group term life, accidental death, long and short term disability, and dismemberment insurance services. The contract is between Orange County and Standard Insurance Company, and it commenced on January 1, 2025, and will complete on December 31, 2029. The contract requires the vendor to provide professional/consultation services in the area of group term life, accidental death, long and short term disability, and dismemberment insurance. The vendor must also maintain certain types of insurance coverage, including commercial general liability, business automobile liability, workers' compensation, and professional liability. The contract also includes provisions for termination, indemnification, and confidentiality. Key aspects of the contract include: * The contract term is 5 years * The vendor must provide insurance services to Orange County * The vendor must maintain certain types of insurance coverage * The contract includes provisions for termination and indemnification * The contract requires the vendor to keep confidential all information obtained from Orange County

Attached files

Key dates

Starts
1/1/2025
Ends
12/31/2029
Duration
5 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Insurance
NAICS
5241
Solicitation №
Y24-1002

Contract value

$1,500,000

The contract value is not explicitly stated in the document. However, based on the services provided, it can be estimated that the contract value is likely in the range of $100,000 to $500,000 per year, depending on the number of employees and the scope of services. Over the 5-year term of the contract, the total value could be in the range of $500,000 to $2,500,000.

AI estimate from the award documents

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