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  5. ›Airport Casualty and Property Insurance Broker Services

Awarded contract·Jacksonville Aviation Authority·Florida

Airport Casualty and Property Insurance Broker Services

Won by Southeast Series of Lockton Companies, LLC$1MSingle Award
Contract source

Awarded vendors

  • Southeast Series of Lockton Companies, LLC

Description

This five‑year contract provides the Jacksonville Aviation Authority with comprehensive casualty and property insurance brokerage services for its airport facilities. Southeast Series of Lockton Companies, LLC will act as the broker, handling policy procurement, risk assessment, claims advocacy, and ongoing insurance program management. The agreement ensures continuous coverage for airport‑related liabilities and property risks, supporting compliance with federal and state regulations and protecting the Authority’s assets. • Scope includes acquisition of casualty and property policies, renewal management, and claims support. • Vendor must maintain expertise in aviation‑related risk and deliver timely advisory services. • Contract runs from October 1 2026 through September 30 2031, with a total estimated value of roughly $1 million.

Attached files

Key dates

Starts
10/1/2026
Ends
9/30/2031
Duration
5 years

Last updated

Details

Award type
Single Award
Procurement
Sole Source
Industry
Insurance
NAICS
524210
Solicitation №
26-31-26101

Contract value

$1,000,000

No explicit dollar amount is disclosed. Typical airport insurance broker fees range from 1–2 % of the total premium, and a mid‑size municipal airport often carries $5‑10 million in annual premiums. Assuming a 1.5 % broker fee on $7 million per year results in roughly $105,000 per year. Over the five‑year term, the contract’s value would be about $525,000. Adding additional advisory and claims‑management services could raise the total to around $1 million. Therefore, a reasonable ball‑park estimate for the contract value is approximately $1 million.

AI estimate from the award documents

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