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  5. ›RFP 25-018-TK Commercial Insurance Broker

Illinois Kane County·Illinois

RFP 25-018-TK Commercial Insurance Broker

Closes 4/17/2025$400k – $1MRequest for ProposalLogin required
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Description

The County of Kane is soliciting proposals from qualified firms or brokers to procure commercial general liability, property, auto, EPL, employee dishonest/crime, cyber, law enforcement, public official, boiler/machinery, and worker’s compensation insurance. The selected broker will provide insurance services for a period of two years with an option for two additional one-year renewal periods. The broker will be responsible for providing a comprehensive insurance program that meets the County's needs. • The broker must have experience in providing similar insurance services to government entities or large organizations. • The broker must have a strong understanding of the insurance market and be able to negotiate competitive rates. • The broker must be able to provide a comprehensive insurance program that includes general liability, property, auto, EPL, employee dishonest/crime, cyber, law enforcement, public official, boiler/machinery, and worker’s compensation insurance. • The broker must be able to provide excellent customer service and respond promptly to the County's insurance needs. • The broker must be able to provide a detailed analysis of the County's insurance needs and make recommendations for coverage.

Attached files

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

Contact

Tim Keovongsak(Director of Purchasing)

[email protected]

(630) 232-5929

Key dates

Opened
3/31/2025
Questions due
4/9/2025
Closes
4/17/2025
Duration
2 years

Last updated

Details

Type
Request for Proposal
Industry
Insurance
NAICS
524210
Solicitation №
RFP 25-018-TK Commercial Insurance Broker

Budget estimate

$400,000 – $1,000,000

Based on the information provided, it is difficult to estimate the exact budget for this opportunity. However, considering the scope of work and the fact that the County is looking for a comprehensive insurance program, the budget could be substantial. The annual premium for the County's current insurance program is around $2.1 million. Assuming the selected broker can negotiate a similar or better rate, the budget for this opportunity could be in the range of $400,000 to $1 million per year, depending on the services provided and the level of competition.

AI estimate from the solicitation

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