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City of Indianapolis·Indiana

Property Insurance Brokerage Services

Closes 7/17/2026$200k – $500kRequest for Proposal
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Description

The City of Indianapolis Office of the Controller is seeking a qualified insurance brokerage firm to provide comprehensive property insurance brokerage services. The contractor will be responsible for evaluating the city's property risk exposure, procuring appropriate insurance coverage, negotiating terms, and managing the ongoing administration of property insurance policies. This includes advising on coverage options, handling renewals, and providing cost‑benefit analyses to ensure optimal protection while controlling expenses. • Conduct a full assessment of municipal property assets and associated risks. • Develop and issue Requests for Proposals to insurance carriers, evaluate bids, and recommend coverage selections. • Provide continuous policy administration, claims assistance, and annual renewal support.

Attached files

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Contact

Adrienne Hines(Purchasing Agent)

[email protected]

(317) 327-4975

Key dates

Opened
6/27/2026
Questions due
7/3/2026
Closes
7/17/2026

Last updated

Details

Type
Request for Proposal
Industry
Insurance
NAICS
524210
Solicitation №
RFP-11EAL-220

Budget estimate

$200,000 – $500,000

No specific contract value is disclosed. Typical municipal property insurance brokerage engagements of this scale range from a few hundred thousand dollars to low‑single‑million dollars, depending on the number of properties covered and the complexity of risk analysis. Assuming a mid‑city portfolio, an estimated award value of $200,000‑$500,000 is reasonable. Factors influencing the final amount include the total insured value, the number of policy renewals, and the depth of advisory services required.

AI estimate from the solicitation

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