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Rhode Island City of Providence·Rhode Island

Insurance Coverage to Include Property/Liability and Workers Compensation (EXP.

Closes 4/21/2025$1.5M – $6MRequest for ProposalLogin required
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Description

The City of Providence is seeking proposals for comprehensive insurance coverage for Providence Water, including property, liability, workers' compensation, and other lines of business. The successful proposer will provide insurance coverage for a period of approximately three years, commencing on July 1, 2025, and expiring on June 30, 2028. The proposal should include details of the proposed insurance program, including coverage limits, deductibles, and premiums. The City of Providence reserves the right to reject any or all proposals and to waive informalities, irregularities, and errors in proposals. • The insurance coverage should include property, liability, workers' compensation, and other lines of business. • The proposal should include details of the proposed insurance program, including coverage limits, deductibles, and premiums. • The City of Providence reserves the right to reject any or all proposals and to waive informalities, irregularities, and errors in proposals. • The successful proposer will be required to provide insurance coverage for a period of approximately three years, commencing on July 1, 2025, and expiring on June 30, 2028. • The proposal should include a detailed description of the proposed risk management services. • The proposal should include a description of the proposed claims administration process. • The proposal should include a description of the proposed loss control services.

Attached files

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

Contact

Tony Araujo(Support Services- Chief of Operations)

[email protected]

Key dates

Opened
3/11/2025
Questions due
4/17/2025
Closes
4/21/2025

Last updated

Details

Type
Request for Proposal
Industry
Insurance
NAICS
524130
Solicitation №
PVD25-43

Budget estimate

$1,500,000 – $6,000,000

The estimated budget for this opportunity is difficult to determine, as it depends on various factors such as the type and amount of insurance coverage, the premium rates, and the duration of the contract. However, based on the information provided, it is estimated that the annual premium for the insurance coverage could be in the range of $500,000 to $2,000,000, depending on the scope of coverage and the insurance carrier. The total budget for the three-year contract period could be in the range of $1,500,000 to $6,000,000.

AI estimate from the solicitation

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