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School District of Philadelphia (General Opportunities)·Pennsylvania

Insurance Broker of Record

Closes 3/8/2022$100k – $250kRequest for Proposal
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Description

The School District of Philadelphia is seeking a qualified insurance broker to serve as the Broker of Record, overseeing all insurance procurement, policy administration, and risk management activities for the district’s educational facilities, employees, and operations. The broker will act as the primary liaison with insurance carriers, provide strategic advice on coverage needs, and ensure compliance with state and federal regulations. • Conduct a comprehensive risk assessment of district assets and operations. • Develop and manage a portfolio of insurance policies (property, liability, workers’ comp, etc.). • Serve as the single point of contact for carriers and negotiate favorable terms and pricing. • Provide ongoing policy administration, claims support, and renewal management. • Deliver regular reporting on coverage status, exposures, and cost‑effectiveness.

Attached files

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

Key dates

Opened
2/8/2022
Pre-bid meeting
2/22/2022
Closes
3/8/2022

Last updated

Details

Type
Request for Proposal
Industry
Insurance
NAICS
524210
Solicitation №
NG10103

Budget estimate

$100,000 – $250,000

The contract is likely to be a multi‑year agreement for comprehensive insurance coverage across a large public school district. Based on comparable school‑district insurance broker contracts, annual fees often range from $75,000 to $150,000, with potential renewal options. Assuming a one‑year term, the budget could be roughly $75K‑$150K; if the district opts for a three‑year term, the total could rise to $225K‑$450K. Considering the stated posting and deadline dates suggest a short solicitation window, a conservative estimate of $100,000‑$250,000 total contract value is reasonable.

AI estimate from the solicitation

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