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City of Indianapolis·Indiana

Property Insurance Brokerage Services

Closes 7/17/2026$30k – $150kRequest for Proposal
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Description

The City of Indianapolis seeks a qualified insurance broker to manage its municipal property insurance program. The broker will be responsible for maintaining and updating the Statement of Values, conducting COPE (Construction, Occupancy, Protection, Exposure) inspections of city‑owned facilities, providing risk‑management consulting, and optionally offering technology solutions for insurance‑certificate and OSHA‑300 tracking. The scope includes coordination with multiple city departments, analysis of five‑year loss runs, and delivering a fixed‑fee brokerage service for the upcoming policy year. • Core services: property‑coverage brokerage, COPE inspections, SOV maintenance, loss‑run analysis. • Optional services: technology platforms for certificate tracking and OSHA compliance. • Fixed, non‑commission broker fee expected; additional services may be proposed on a commission basis. • Deliverables include annual updates to the Statement of Values and ongoing risk‑management advice for the city’s $580 M insurable portfolio.

Attached files

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

Contact

Adrienne Hines(Purchasing Agent)

[email protected]

(317) 327-4975

Key dates

Opened
7/17/2026
Questions due
7/3/2026
Closes
7/17/2026
Duration
1 year

Last updated

Details

Type
Request for Proposal
Industry
Insurance
NAICS
524210
Solicitation №
RFP-11EAL-220

Budget estimate

$30,000 – $150,000

The solicitation does not disclose the broker’s fee, but the premium comparison document shows a $30,000 agency consulting fee for the current year and indicates the city prefers a fixed, non‑commission fee. Assuming the core brokerage service is priced similarly and optional technology or consulting add‑ons could increase the fee, a reasonable range is $30,000 – $150,000 for the contract year. Factors influencing the range include the size of the insurable portfolio ($580 M), the complexity of COPE inspections across many departments, and any optional technology implementation.

AI estimate from the solicitation

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