Insurance brokering, risk management, and insurance services for government entities.
Federal Spending
$1B+ annually
Market Outlook
Stable demand (+2% annually). Government benefits complexity = ongoing need for insurance expertise.
Common Federal Contracts
Government employee benefits administration
Risk management consulting
Claims administration
Insurance brokering services
Contractor Competitive Advantage
Insurance expertise = high value. Government employee benefits = large contracts. Recurring revenue from contracts.
Relevant Certifications
8(a)
WOSB
Top Procuring Agencies
How to Win in This Sector
- 1. Verify Your NAICS: Make sure this NAICS code matches your primary business activity. You can only claim set-asides for your primary NAICS.
- 2. Apply for Certifications: Most contracts in this sector allow 8(a), WOSB, HUBZone, or SDVOSB certifications. These give you advantages in bidding.
- 3. Target Top Agencies: Identify the top 3 agencies hiring in this sector and research their procurement needs.
- 4. Assess Your Advantage: Review the competitive advantages above and determine how your firm differentiates.
- 5. Build Relationships: Attend industry days, connect with contracting officers, and respond to RFIs (Requests for Information).
Frequently Asked Questions
What is NAICS code 524210 (Insurance Agencies and Brokerages)?
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NAICS 524210 covers Insurance Agencies and Brokerages: Insurance brokering, risk management, and insurance services for government entities. Federal agencies spend $1B+ annually annually on contracts in this category.
Which federal agencies buy Insurance Agencies and Brokerages services?
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The top federal buyers for NAICS 524210 are: All agencies, DoD, VA. These agencies run the highest volume of solicitations in this NAICS category. Register in SAM.gov with this code and monitor each agency's forecast and open solicitations.
What types of federal contracts fall under NAICS 524210?
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Common federal contracts in NAICS 524210 include: Government employee benefits administration; Risk management consulting; Claims administration; Insurance brokering services. These range from task order contracts under GWACs to agency-specific BPAs and standalone solicitations.
Do small businesses have a competitive advantage in NAICS 524210?
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Insurance expertise = high value. Government employee benefits = large contracts. Recurring revenue from contracts.
What certifications help win NAICS 524210 contracts?
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The most valuable certifications for NAICS 524210 contracts include: 8(a), WOSB. These certifications unlock set-aside competitions where you compete only against similarly certified firms, dramatically improving win probability compared to full-and-open competition.
What is the market outlook for NAICS 524210 in federal contracting?
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Stable demand (+2% annually). Government benefits complexity = ongoing need for insurance expertise.