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  5. ›RFP 48-2122 WORKERS’ COMPENSATION EXCESS INSURANCE – BROKER SERVICE

Awarded contract·Chesapeake Public Schools·Virginia

RFP 48-2122 WORKERS’ COMPENSATION EXCESS INSURANCE – BROKER SERVICE

Won by The Underwriters Group, Inc.$350kAwarded 8/17/2022Single Award
Contract source

Awarded vendors

  • The Underwriters Group, Inc.

Description

Chesapeake Public Schools awarded a broker service contract to provide workers’ compensation excess insurance coverage for the district. The selected vendor, The Underwriters Group, Inc., will act as the intermediary to source, negotiate, and manage the excess insurance policy on behalf of the school system. This contract focuses on risk management and insurance procurement rather than direct insurance provision, and it likely includes responsibilities such as policy placement, claims assistance, and ongoing coverage monitoring. • Scope: Brokerage services for workers’ compensation excess coverage. • Awarded Vendor: The Underwriters Group, Inc., Louisville, KY. • Agency: Chesapeake Public Schools (Virginia). • Award Date: August 17 2022; no further contract terms (duration, start/end dates, renewal options) disclosed.

Attached files

Key dates

Intent to award
8/17/2022
Awarded
8/17/2022

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Insurance
NAICS
524210
Solicitation №
RFP 48-2122

Contract value

$350,000

No monetary value is disclosed in the award notice. For a public‑school district of Chesapeake’s size, a workers’ compensation excess insurance broker service typically runs between $200,000 and $500,000 annually, depending on the district’s payroll and exposure. Assuming a moderate risk profile and a multi‑year arrangement, a reasonable midpoint estimate is roughly $350,000 for the initial contract term.

AI estimate from the award documents

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