Insurance Broker Services

Overview

Financial, Legal, HR & Staffing

Waukegan, Illinois, United StatesPosted about 1 month agoDeadline: April 16th, 2026

Fit Score

Settle Intelligence

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SUMMARY

The County of Waukegan, Illinois seeks an insurance broker to serve as broker of record and strategic advisor, providing comprehensive insurance program services and risk management support for one year.

KEY REQUIREMENTS

Must be licensed in the State of Illinois in accordance with Illinois Compiled Statutes, Chapter 215, 5/492.2
Must have at least ten years of experience as an Agent/Broker
Must have substantial experience in local government accounts
Must have at least one qualified principal or account executive with a minimum of five years of experience with commercial lines
Must have insurance for agent's errors and omissions with a limit of at least $1,000,000 per-occurrence
Must provide a certificate of insurance 15 days before the start of the project
Must assign a lead account executive with at least ten years of directly relevant public-entity insurance experience
Must submit one complete electronic unprotected copy and one redacted copy for FOIA compliance

BUDGET

Estimate

$50,000 – $150,000

CONTRACT DURATION

12 months

TIMELINE

Release RFP: March 26th, 2026

Deadline for RFP Inquiries: April 8th, 2026

Deadline for Proposal Submissions: April 16th, 2026

Finalist Interviews: April 27th, 2026 - May 1st, 2026

Lake County Board Approval: June 9th, 2026

QUESTION DEADLINE

April 8th, 2026

Issuing Agency

Lake County

Organization overview and procurement intelligence available on paid plans.

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DESCRIPTION

The county government located in Waukegan, Illinois, is seeking proposals from qualified vendors to provide comprehensive insurance broker services. The selected broker of record will act as a strategic advisor, offering the full suite of services necessary to advise, market, negotiate, place, and service the county's insurance program. This includes developing and maintaining an annual service plan and renewal calendar that outlines key milestones, data requests, underwriting submissions, market approaches, presentations, policy reviews, and post-bind activity.

The broker will also provide guidance on program structure, deductibles or retentions, market conditions, emerging exposures, coverage alternatives, and risk-financing options. They will be responsible for supporting the county’s insurance certificate, bond, and endorsement needs, especially for high-volume or time-sensitive operational requests. Additional responsibilities include delivering claims trend analysis, identifying loss drivers, and recommending ways to minimize claims and improve risk control. The broker will advise on contractual risk transfer, indemnification, and other risk management issues as needed, and will assist in significant claim reviews, carrier escalation, and resolving coverage-related disputes. Collaboration with carriers, third-party administrators, defense counsel, and county representatives is required for material claims or coverage matters. The contract duration will be one year.

Source attribution

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