Insurance Broker and Broker of Record Services

Rocky Hill seeks insurance broker services for risk review, policy recommendations, loss control, and claims oversight.

Be a qualified licensed firm for insurance broker/broker of record.
Review CHFA's risks and recommend appropriate policies, limits, and deductibles.
Proactively assist CHFA in identifying potential risks and recommend best practices.
Assist CHFA in oversight of loss control activities and implementation of recommendations.
Annually market and obtain proper and cost-effective insurance policies, including Package, Automobile, Crime, Umbrella, Public Officials, Hazard Insurance for REO, Forced Place Insurance, Mortgage Impairment, and Cyber Insurance.
Provide summary of marketing and coverage upon annual renewal.
Provide timely, written interpretation of coverage upon request.
Audit existing insurance policies and endorsements, perform detailed analysis and comparison, process changes, and verify invoice accuracy.
Assist CHFA in monitoring, analyzing, and processing insurance claims.
Represent CHFA in interactions with insurance carriers, including dispute settlement.
Conduct loss runs of claim activity biannually and recommend risk management practices.
Review bonds, certificates of insurance, and liability waivers.
Provide timely advice on various insurance issues.
Issue binders evidencing coverage at least 10 days prior to inception date and maintain until policies are issued.
Deliver policies no later than 120 days from inception.
Furnish renewal proposals approximately 30 days prior to expiration, indicating changes and costs.
Disclose any fees, commissions, contingent commissions, or compensation from placing insurance coverage.
Demonstrate experience with public sector entities and lending institutions.
Demonstrate working knowledge of risks associated with public sector entities and lending institutions.
Provide copies of State of Connecticut broker's licenses for available professionals.
Describe firm's presence in Connecticut, including offices, Connecticut residents employed, payroll, and corporate taxes.
Provide a yearly flat fee for all services.
Provide employee composition, including total staff, minorities, women, and titles.
Submit specific information regarding firm's commitment to Affirmative Action, including hiring practices, relationships with women/minority-owned companies, and EEOC report.
Describe any material lawsuits, legal/administrative proceedings, governmental investigations, criminal actions, or non-routine inquiries in the last three years.
Describe any potential conflicts of interest and how they would be addressed.
Explain if the firm has ever been removed from an account prior to contract expiration.
Describe firm's knowledge of and experience with CHFA.
Provide a minimum of three client references for similar services.
Comply with CHFA and State Ethics requirements, laws, and regulations.
Execute and submit Exhibit A (Representations and Certifications) and Exhibit B (OPM Form 1 and SEEC Form 10).
Provide evidence of Professional Liability insurance with minimum limits of $1,000,000 per claim and $1,000,000 aggregate.
Provide Commercial General Liability insurance with minimum limits of $1,000,000 per occurrence and $2,000,000 aggregate.
Provide Automobile Liability insurance with minimum limits of $1,000,000 per accident.
Provide Statutory Workers' Compensation coverage.
Provide Employers Liability insurance with minimum limits of $100,000 each accident, $500,000 Disease – Policy limit, and $100,000 each employee.
Provide Umbrella Liability insurance with minimum limits of $1,000,000 excess over underlying limits.
Provide Cyber Liability insurance with minimum limits of $1,000,000 per occurrence and $1,000,000 aggregate.
Proposals must not exceed 20 single-sided pages, exclusive of cover letter and exhibits.
Submissions must be sent electronically and not exceed 25 MB.

$150,000 – $450,000

Solicitation Period: February 25th, 2026 - March 27th, 2026

Start Date: February 25th, 2026 at 11:45:00 AM PST

End Date: March 27th, 2026 at 9:00:00 AM PDT

Inquiries Deadline: March 9th, 2026

Proposal Submission Deadline: March 27th, 2026 at 4:00 p.m.

Proposed Timetable for Marketing Policies:

- Market policies: beginning of September

- Deadline for questions and requests for information: beginning of October

- Proposals due to CHFA/Broker: beginning of November

- Successful proposer/bind policies: mid December

- Policies effective: January 1st

Connecticut Housing Finance Authority

Organization overview and procurement intelligence available on paid plans.

The government authority located in Rocky Hill, Connecticut is seeking qualified vendors to provide comprehensive insurance broker and broker of record services. Responsibilities include reviewing risks and recommending suitable insurance policies, limits, and deductibles to effectively position the agency. Vendors are expected to proactively identify potential risks, suggest best practices, and support the implementation of loss control recommendations.

The selected broker will oversee loss control activities, assist in processing all insurance claims and related tasks, and conduct biannual loss runs on all policies. Based on claim activity analysis, the broker will recommend risk management practices and provide timely advice on insurance concerns as they arise. This engagement requires ongoing collaboration and strategic guidance to ensure optimal agency risk management.

Insurance Broker and Broker of Record Services

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