Notice Details

The New York City (“NYC” or the “City”) Mayor’s Office of Management and Budget intends to enter into sole source negotiations with Marsh USA Inc. (“Marsh”) to procure and provide excess insurance for on-call emergency contract vendors (“Emergency Vendors”). The City is under legal and contractual obligations to provide excess insurance coverage to Emergency Vendors in case of a devasting natural disaster or terrorist event. This excess insurance is a multi-year program providing $125M of general liability coverage and $50M of pollution liability coverage, and must be available to City vendors immediately upon contract execution. The excess insurance is currently a part of the insurance-related services provided by Marsh.  Procuring and providing this excess insurance required Marsh to develop this desired coverage with multiple underwriters.