Workers Compensation Insurance
Federal opportunity from Public Agency. Place of performance: MD.
Market snapshot
Baseline awarded-market signal across all contracting (sample of 400 recent awards; refreshed periodically).
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Applicable Wage Determinations
SAM WDOL references matched to this opportunity's location and scope language.
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Point of Contact
Agency & Office
Description
Workers Compensation Insurance
Files
Files size/type shown when available.
BidPulsar Analysis
A practical, capture-style breakdown of fit, requirements, risks, and next steps.
This notice is titled “Workers Compensation Insurance” and the description provides only the same two-word scope, offering no additional requirements or context. The buyer is identified only as a “Public Agency,” with no solicitation number, dates, place of performance, or coverage specifications provided. As written, this is too thin to price or shape a compliant response without clarifications or a full solicitation/attachment. Treat this as an early placeholder: focus first on obtaining the complete insurance specifications and any mandated policy forms/limits.
Acquire workers’ compensation insurance coverage for a public agency (details of covered entities, payroll, classifications, limits, and statutory requirements are not provided).
- Licensed insurance carriers or authorized surplus lines carriers (as applicable) that write workers’ compensation for public-sector risks.
- Insurance brokers/agencies able to place workers’ compensation coverage with admitted markets and manage public-entity compliance (certificates/endorsements).
- Confirm procurement vehicle and bid instructions (solicitation number, submission method, required forms).
- Gather underwriting inputs: covered entities/locations, payroll by class code, headcount, loss runs, EMR, prior carrier info, and safety programs.
- Define coverage requirements: statutory workers’ comp, employers’ liability limits, endorsements, waiver of subrogation, alternate employer, stop-gap (if applicable), terrorism coverage, and any deductible/self-insured retention structure.
- Prepare quotation and policy proposal: schedule of forms/endorsements, limits, rating basis, exclusions, and assumptions.
- Complete compliance items: certificates, required attestations, any public-agency specific clauses, and carrier eligibility documentation.
- Bind and implement: issue policy, deliver certificates, set up claims reporting and risk-control services (if required).
- Signed offer/quote with premium, rating basis, and term.
- Proposed coverage summary: workers’ compensation statutory coverage and employers’ liability limits.
- Schedule of policy forms and endorsements included.
- Assumptions/subjectivities (e.g., payroll audit, loss-run review) and required underwriting documentation list.
- Carrier information and authorization/financial documentation required by the buyer (if any).
- Certificates of insurance and endorsement language samples (if required).
- No NAICS/PSC, set-aside, solicitation number, dates, or submission instructions are provided in the notice; do not submit without obtaining the full solicitation or written bid instructions from the buyer.
- Ensure the quoting entity is properly licensed/authorized for workers’ compensation placement for the jurisdiction once identified.
- Pricing cannot be responsibly set from the notice text alone; request payroll/classification data and 3–5 years loss runs before committing to firm pricing.
- Provide conditional pricing structure if allowed (e.g., subject to underwriting review, payroll audit, and verification of classifications), and clearly state what triggers repricing.
- Consider teaming a broker/agent with a workers’ compensation carrier that has public-entity appetite.
- If risk-control services are valued/required, team with a safety/risk engineering provider (only if the buyer requests it in the full solicitation).
- Scope ambiguity: the notice contains only “Workers Compensation Insurance,” with no limits, covered entities, or term; high risk of misquote.
- Compliance risk: missing submission instructions and required forms could render a response noncompliant.
- Underwriting risk: absence of loss runs/payroll/class codes prevents accurate premium and could lead to post-award pricing disputes.
- Can you provide the full solicitation/specifications (including required policy term, limits, and endorsements)?
- What jurisdictions/states and locations are to be covered, and what entities/departments are included?
- Please provide payroll by workers’ comp classification code, headcount, and job descriptions for any unusual exposures.
- Can you provide 3–5 years of loss runs and current EMR/experience modification details?
- Is the agency seeking guaranteed-cost, deductible, or other program structure (e.g., large deductible)?
- What employers’ liability limits are required, and are waivers of subrogation/alternate employer endorsements required?
- What are the required submission elements (forms, certifications, deadlines, and delivery method)?
Source coverage notes
Some notices publish limited source detail. Confirm these points before final bid/no-bid decisions.
- Solicitation number and full bid instructions (submission method, required forms, and evaluation criteria).
- Response deadline and anticipated policy term/period of performance.
- Covered entities, locations, and jurisdictions/states to be insured.
- Required coverage limits and mandatory endorsements (e.g., waiver of subrogation, alternate employer).
- Exposure data: payroll by class code, headcount, and job descriptions.
- Loss history: 3–5 years loss runs and current EMR.
- Current carrier/program structure (guaranteed cost vs deductible) and renewal target premium expectations (if any).
FAQ
How do I use the Market Snapshot?
It summarizes awarded-contract behavior for the opportunity’s NAICS and sector, including a recent pricing band (P10–P90), momentum, and composition. Use it as context, not a guarantee.
Is the data live?
The signal updates as new awarded notices enter the system. Always validate the official award and solicitation details on SAM.gov.
What do P10 and P90 mean?
P10 is the 10th percentile award size and P90 is the 90th percentile. Together they describe the typical spread of award values.