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Massachusetts City of Boston·Massachusetts

RFP - 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 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 term for this procurement will run from June 2026 to June 2029, and will include three separate insurance policy periods. • The City of Boston is looking for a provider to handle all aspects of their commercial insurance policies. • The provider will be responsible for marketing, placing, servicing, and renewing the City's insurance policies. • The provider will also be required to provide public risk finance subject matter expertise and recommendations regarding insurance requirements for City of Boston contracts. • The contract term is 36 months, with three separate insurance policy periods.

Attached files

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

Contact

Peggy Zhang

[email protected]

(617) 635-2846

Key dates

Opened
3/16/2026
Closes
4/17/2026
Duration
36 months

Last updated

Details

Type
Request for Proposal
Industry
Financial Services
NAICS
524210
Solicitation №
BD-26-1142-143-143-126409

Budget estimate

$1,500,000 – $6,000,000

The budget for this contract can be estimated based on the scope of work and the contract term. Since the City of Boston is seeking insurance brokerage services for a 36-month contract term, the budget will likely be a recurring annual payment. The exact budget amount is not specified in the document, but it can be estimated to be in the range of $500,000 to $2,000,000 per year, based on industry standards for similar services. The total budget for the 36-month contract term could be in the range of $1,500,000 to $6,000,000.

AI estimate from the solicitation

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