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Laurel Springs School·New Jersey

Insurance Broker of Record – Non‑Health

Closes 4/30/2026$25k – $200kRequest for Proposal
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Description

Laurel Springs School Board of Education is seeking a qualified New Jersey‑licensed insurance brokerage to act as its Broker of Record for all non‑health insurance lines. The selected broker will negotiate, analyze, and recommend coverage options, market competitive proposals, assist with budgeting, and serve as the liaison between the district and carriers for a suite of coverages including bonds, workers’ compensation, professional liability, property, crime, general liability, and automobile. The contract runs one year with the possibility of two additional one‑year renewals.

Attached files

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Contact

James McCullough(Business Administrator / Board Secretary)

[email protected]

(856) 784-3545

Key dates

Opened
5/3/2026
Closes
4/30/2026
Duration
12 months

Last updated

Details

Type
Request for Proposal
Industry
Insurance
NAICS
524210

Budget estimate

$25,000 – $200,000

The RFP does not disclose the total premium amount, but school‑district non‑health insurance programs typically range from $500,000 to $2 million in annual premiums. Broker commissions in this sector generally fall between 5 % and 15 % of premiums. Assuming a mid‑range premium of $1 million, expected earnings could be roughly $50,000‑$150,000; for larger districts the high end could approach $200,000. Therefore, a plausible earnings range for the broker is approximately $25,000 to $200,000 for the one‑year term.

AI estimate from the solicitation

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