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City of Boston·Massachusetts

Insurance Brokerage Services

Closes 4/17/2026$1.5M – $6MRequest for Proposal
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Description

The City of Boston is seeking insurance brokerage services to market, place, service, and renew the City's commercial insurance policies. This will also include providing public risk finance subject matter expertise and recommendations regarding insurance requirements for City of Boston contracts and the purchase and management of additional risk reduction solutions as necessary. The contract will run from June 2026 to June 2029, and will include three separate policy periods. The key responsibilities of the selected proposer will include: • Marketing and placing the City's commercial insurance policies • Servicing and renewing the City's commercial insurance policies • Providing public risk finance subject matter expertise • Recommending insurance requirements for City of Boston contracts • Purchasing and managing additional risk reduction solutions as necessary The City may award one or multiple contracts as a result of this RFP for a three-year contract term. The City reserves the right to award all lines to a single proposer or to make partial awards to multiple proposers for the three-year term, as determined to be most advantageous to the City.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Peggy Zhang

[email protected]

Key dates

Opened
3/16/2026
Closes
4/17/2026
Duration
3 years

Last updated

Details

Type
Request for Proposal
Industry
Financial Services
NAICS
524210
Solicitation №
EV00017138

Budget estimate

$1,500,000 – $6,000,000

The budget for this opportunity is estimated to be in the range of $500,000 to $2 million per year, based on the scope of work and the fact that the contract will run for three years. The actual budget may vary depending on the specific services provided and the number of contracts awarded. Factors that may influence the likely payment range include the complexity of the insurance policies, the number of contracts awarded, and the level of expertise required to provide the services.

AI estimate from the solicitation

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