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Village of Schaumburg·Illinois

Property & Casualty and Workers’ Compensation Insurance Broker

Closes 4/3/2026$50k – $200kRequest for Proposal
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Description

The Village of Schaumburg is seeking a Property & Casualty and Workers’ Compensation Insurance Broker to provide insurance brokerage services. The selected broker will be responsible for providing a comprehensive insurance program, including property, casualty, and workers' compensation insurance. The broker will also be required to provide value-added services, such as risk management and loss control services. The contract will be for a period of one year, with the option to renew for up to three additional years. The village is looking for a broker with experience in providing insurance services to municipal governments in Illinois. • The broker must have a minimum of 5 years of experience in providing insurance services to municipal governments in Illinois. • The broker must have a strong understanding of the Illinois municipal excess self-insured market. • The broker must be able to provide a comprehensive insurance program, including property, casualty, and workers' compensation insurance. • The broker must be able to provide value-added services, such as risk management and loss control services. • The broker must be able to demonstrate a strong commitment to customer service and be able to provide excellent communication and claims handling services.

Attached files

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

Contact

Robert Bentz(Risk Manager)

[email protected]

(847) 923-3904

Key dates

Opened
3/20/2026
Questions due
3/30/2026
Pre-bid meeting
4/9/2026
Closes
4/3/2026
Duration
1 year

Last updated

Details

Type
Request for Proposal
Industry
Insurance
NAICS
524210
Solicitation №
2026-RFP-017

Budget estimate

$50,000 – $200,000

The estimated budget for this contract is between $50,000 and $200,000 per year, depending on the scope of services and the level of expertise required. The village is looking for a broker who can provide a comprehensive insurance program, including property, casualty, and workers' compensation insurance, as well as value-added services such as risk management and loss control services. The broker's fees will be based on a percentage of the total insurance premiums, and the village expects to pay a competitive rate for these services.

AI estimate from the solicitation

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