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City of Indianapolis·Indiana

Property Insurance Brokerage Services

Closes 7/17/2026$150k – $500kRequest for Proposal
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Description

The City of Indianapolis, through its Office of the Controller, is seeking a qualified insurance brokerage firm to provide comprehensive property insurance brokerage services. The contractor will be responsible for evaluating, sourcing, and managing property insurance coverage for municipal assets, advising on risk management strategies, and ensuring compliance with applicable regulations. • Conduct market analysis and recommend optimal property insurance programs for city‑owned facilities. • Negotiate terms, premiums, and coverage limits with carriers on behalf of the city. • Provide ongoing policy administration, claims assistance, and risk‑mitigation consulting throughout the contract term. • Deliver periodic reporting on insurance spend, coverage effectiveness, and market trends. • Serve as the primary liaison between the city and insurance providers for all property‑related matters.

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
6/20/2026
Questions due
7/3/2026
Closes
7/17/2026

Last updated

Details

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

Budget estimate

$150,000 – $500,000

Municipal property insurance brokerage contracts typically range from a few hundred thousand dollars to low‑mid‑six‑figure amounts annually, depending on the number of assets, coverage complexity, and contract duration. Considering Indianapolis’ size and the breadth of city‑owned properties, a realistic estimate would be roughly $150,000 to $500,000 per year, with potential multi‑year extensions.

AI estimate from the solicitation

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