Federal NAICS Codes

NAICS 524210

Insurance Agencies and Brokerages

Explore obligations, trends, recent awards, and incumbent contractors for NAICS 524210.

NAICS 524210 federal market metrics

Total obligations
$863.6M
Total awards
5,423 awards
Active obligations
$103.8M
Size standard
$15,000,000 receipts

What this NAICS covers

NAICS 524210 covers insurance agencies and brokerages that market and place insurance policies for clients, provide policy advice and comparisons, facilitate underwriting submissions, handle premium billing and commission records, and manage client policy administration.

Federal opportunities under 524210 typically involve procuring broker or agency services to source and place insurance coverage, manage policy renewals and endorsements, coordinate underwriting and claims referrals, and maintain audit-ready premium and commission documentation.

FY2025 snapshot

Obligations
$35.4M
Awards
326
Average award
$108.5K
Change from FY2024
+9.6%

Recent awards

Search contractors

$327,877

PRABHU INSURANCE LIMITED

Department of State

PIID
19NP4026P0706
PSC
G009 - SOCIAL- NON-GOVERNMENT INSURANCE PROGRAMS

$18,192

SEGUROS CREFISA SA

Department of State

PIID
19H08026F0420
PSC
G006 - SOCIAL- GOVERNMENT LIFE INSURANCE PROGRAMS

FAQ

What work fits NAICS 524210?
  • Broker placement of commercial property and casualty policies for contractors or organizations, soliciting proposals from insurers and presenting comparative coverage options.
  • Issue certificates of insurance, manage endorsements, and maintain renewal tracking and policy documentation for contract compliance reporting.
  • Manage broker-of-record transitions, commission accounting, and placement documentation tied to specific contract portfolios.
  • Arrange placement and coordination of surety bonds or similar contract bonds, managing bond issuance and premium communications between principals and sureties.
When is NAICS 524210 a weak fit?
  • Insurance underwriting operations where the firm assumes risk and sets rates, which is an insurer function rather than a brokerage activity.
  • Captive insurance or risk-retention group management where the entity operates as the insurer and retains risk instead of acting as an intermediary.
  • Claims adjusting or third-party claims administration where primary activity is adjusting losses and settling claims rather than placing or brokering coverage.
What solicitation language points to NAICS 524210?
  • Solicitation language requests a broker-of-record appointment, commission schedule, and documentation of insurer appointments.
  • Statement of work requires issuance of certificates of insurance, endorsement management, and renewal notification deliverables tied to contract compliance.
  • Evaluation asks for demonstrated broker relationships with admitted carriers and past performance placing lines such as commercial property, general liability, or surety.

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