Insurance, Group Life and Disability

The City of St. Petersburg, Florida, has awarded a contract to Standard Insurance Company for the provision of group life and disability insurance services. The contract includes basic group term life insurance, voluntary supplemental life insurance, and long-term disability insurance. The vendor is required to provide all necessary labor, materials, supervision, travel, facilities, equipment, and administrative services to deliver the insurance services. The contract has a term of five years, with the option to renew for an additional two-year period. The total value of the contract is estimated to be $4,310,471. The key aspects of the contract include: * Provision of group life and disability insurance services to eligible City employees, retirees, and their dependents * Vendor is responsible for all necessary labor, materials, supervision, travel, facilities, equipment, and administrative services * Contract term is five years, with option to renew for an additional two-year period * Total contract value is estimated to be $4,310,471 * Vendor is required to comply with all applicable laws, regulations, and City policies and procedures.