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City of Indianapolis·Indiana

Property Insurance Brokerage Services

Closes 7/17/2026$10k – $25kRequest for Proposal
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Description

The City of Indianapolis is seeking a qualified insurance broker to manage its property insurance program for the consolidated city‑county portfolio. The broker will provide comprehensive brokerage services, conduct COPE (Construction, Occupancy, Protection, Exposure) inspections, maintain and annually update the Statement of Values, perform loss‑run analysis, and offer risk‑management consulting. Optional technology solutions for insurance‑certificate tracking and OSHA‑300 log management may be proposed on a commission basis. • Core services: property‑coverage brokerage, COPE inspections, SOV compilation/maintenance, risk‑management consulting. • Optional services: technology platforms for certificate and OSHA tracking, additional consulting on a commission basis. • Scope covers all city‑owned or operated facilities across Indianapolis, requiring expertise in municipal risk exposure and insurance placement.

Attached files

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

Contact

Adrienne Hines(Purchasing Agent)

[email protected]

(317) 327-4975

Key dates

Opened
7/10/2026
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

$10,000 – $25,000

While the solicitation does not disclose the broker’s fee, the total premium for the city’s property insurance is roughly $420,000 annually. Municipal brokerage fees typically range from 2‑5 % of the premium, plus potential additional fees for optional technology services. Therefore, a reasonable estimate for the contract’s total compensation is between $10,000 and $25,000, with higher‑end estimates if extensive technology or consulting components are added.

AI estimate from the solicitation

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