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Laurel Springs School·New Jersey

Board of Education Insurance Broker of Record – Health

Closes 4/30/2026$20k – $250kRequest for Proposal
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Description

The Laurel Springs School Board of Education is seeking a qualified New Jersey‑licensed insurance brokerage firm to serve as the Broker of Record for its health‑insurance program for the 2026‑2027 fiscal year. The broker will negotiate, analyze, and recommend health‑ and prescription‑insurance options, provide competitive market proposals, assist with budget planning, and act as the liaison between the district and carriers throughout the contract term, with optional renewals for additional years. The contract is a one‑year term (July 1 2026 – June 30 2027) with up to two one‑year extensions, and the district may terminate with 30‑day notice. The firm must submit a complete, signed package by the deadline, disclose commission percentages, and meet extensive compliance certifications. • Act as the official Broker of Record for health, prescription, and dental coverage (NJ Solutions HIF & Horizon Blue Cross/Blue Shield). • Provide negotiation, market analysis, and ongoing liaison services for the district’s insurance needs. • Must be a NJ‑certified insurance brokerage with ≥10 years experience serving school boards, maintain $1 M per‑incident professional liability coverage, and submit extensive certifications (political‑contribution, Iran/Russia, non‑collusion, etc.). • Submission deadline: April 30 2026 10:30 a.m.; contract term: July 1 2026 – June 30 2027 (potentially up to three years total).

Attached files

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

Contact

James McCullough(Business Administrator)

[email protected]

(856) 784-3545

Key dates

Opened
5/3/2026
Closes
4/30/2026
Duration
1 year

Last updated

Details

Type
Request for Proposal
Industry
Insurance
NAICS
524210

Budget estimate

$20,000 – $250,000

The RFP does not disclose a contract dollar value; payment is based on the commission percentage the broker receives from the insurance carriers. Assuming the district’s health‑prescription premiums range from $1 M to $5 M annually (typical for a modest‑size K‑12 district), and brokers typically earn 2‑5 % commission, the broker’s earnings could fall between $20,000 and $250,000 for the one‑year term. The actual amount will depend on the final premium size, commission rate negotiated, and any additional service fees the broker may charge.

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