Insurance Broker Services

The Rhode Island Public Transit Authority (RIPTA) is seeking a qualified insurance brokerage firm to manage, renew, and advise on its comprehensive insurance program covering general liability, property, rolling stock, cyber, D&O, fidelity, pollution, and related coverages. The broker will be responsible for providing current policy documentation, loss‑run data, exposure analysis, and ongoing risk‑management consulting, as well as handling vendor negotiations and renewals on a flat‑fee retainer basis. The contract is a one‑year term with four optional annual renewals, and the broker must meet specific insurance and indemnity requirements set by RIPTA. • Manage and renew the full suite of RIPTA’s insurance policies (≈ $800 k in annual premiums). • Deliver required data packages (policy copies, loss runs, exposure metrics, TPA contracts). • Provide ongoing advisory services, market analysis, and broker‑only fee structure (no commission). • Comply with RIPTA’s insurance requirements (self‑insured automobile liability, workers’ comp, professional E&O limits). • Submit a single‑PDF bid package by the Oct 8, 2026 deadline, including the Addendum acknowledgment.