Broker and Risk Management Consulting Services

Overview

Financial, Legal, HR & Staffing

Cranford, New Jersey, United States; Elizabeth, New Jersey, United States; Plainfield, New Jersey, United States; Scotch Plains, New Jersey, United StatesPosted about 1 month agoDeadline: April 22nd, 2026

Fit Score

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SUMMARY

The agency requests proposals from qualified insurance brokers to deliver risk management and advisory services, including insurance program placement, claims support, and exposure analysis.

KEY REQUIREMENTS

Must have a minimum of five years of experience providing insurance brokerage and risk management services to public sector entities or institutions of higher education
Must possess all licenses and registrations required to conduct business in the State of New Jersey
Must submit a copy of New Jersey Business Registration Certificate
Must submit a commercial credit report from a reputable commercial credit agency
Must provide evidence of satisfactory references from three similar projects from New Jersey public institutions in the past five years
Must provide two emergency contact names and phone numbers for 24/7 support
Must maintain required insurance coverage including workers compensation, automobile liability, comprehensive general liability, umbrella/excess liability, cyber liability, and professional liability
Must submit a sworn statement regarding debarment status

BUDGET

Estimate

$50,000 – $150,000

CONTRACT DURATION

12 months

TIMELINE

Question Deadline: April 8th, 2026

Addendum/Clarification Issuance: April 15th, 2026

Proposal Submission Deadline: April 22nd, 2026

QUESTION DEADLINE

April 8th, 2026

Issuing Agency

Ucnj Union College Of Union County, Nj

Organization overview and procurement intelligence available on paid plans.

See Issuer Research

DESCRIPTION

The agency seeks qualified and experienced insurance brokerage firms to provide comprehensive brokerage, risk management, and advisory services. The selected vendor will assist in the placement and administration of the agency's insurance programs, including coverage analysis, claims assistance and advocacy, and insurer performance monitoring. Additional responsibilities include supporting loss control and risk management initiatives, offering ongoing advisory services, and providing periodic reporting.

Key areas of service include claims advocacy, risk mitigation, exposure analysis, and emergent claims support available 24/7. The program encompasses package insurance solutions, such as commercial property and general liability, with specific property components (building blanket, contents blanket, business income) and liability components (general liability, abuse and molestation liability, professional liability, student internship liability, and employee benefits liability). Crime insurance for risks like employee theft and fidelity exposures is also required.

Reporting will include claims summaries, exposure analysis, and insights on emerging risks, particularly relevant to higher education institutions. The contract period will span three years.

Source attribution

This Settle analysis is based on the issuing organization’s public RFP listing.