Insurance Brokerage Services

The University of Minnesota is seeking a qualified insurance brokerage firm to place and service a broad schedule of commercial insurance policies and to provide ongoing risk‑management consultation. The contract may be split among multiple brokers for different lines of coverage, and the university retains the right to allocate lines as it deems advantageous. Captive management services for certain liability policies are excluded. Respondents must submit their proposals electronically through the MBID system by the hard‑close deadline and may be required to present orally, attend site visits, or provide samples at the university’s discretion. • Scope: Placement and servicing of commercial insurance policies (general, professional, auto, nonprofit liability, etc.) • Consultation: Ongoing advice on emerging risk‑management issues • Delivery: Electronic submission only; mandatory compliance with all required attributes • Evaluation: Based on qualifications, price, and ability to meet university’s risk‑management needs • Timeline: Issue 10/15/2026 → Questions due 10/21/2026 → Submission deadline 11/12/2026 → Award date not specified • Restrictions: No contact with department during process; captive management excluded; potential split of lines among brokers.