Insurance Broker Services

Overview

Financial, Legal, HR & Staffing

Salt Lake City, Utah, United StatesPosted 29 days agoDeadline: April 22nd, 2026

Fit Score

Settle Intelligence

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SUMMARY

The government authority in Utah seeks a qualified insurance broker to manage and enhance its insurance coverage, offer risk management support, and advise on market trends and policy alternatives over a five-year contract.

KEY REQUIREMENTS

Must have five years of experience providing brokerage services to a municipal government agency of similar size to Salt Lake City
Must comply with and maintain all insurance requirements as stated in the sample agreement
Must be registered with the Utah State Division of Corporations and Commercial Code
Must be registered with the System for Award Management (Sam.gov)
Must be registered with E-Verify
Must not have provided illegal gifts or payoffs to city officers or employees
Must not have retained any person to solicit or secure the contract upon an agreement for a commission or contingent fee

BUDGET

Verified

$170,000

CONTRACT DURATION

60 months

TIMELINE

The contract term is for a five-year period.

Issuing Agency

Salt Lake City Corporation

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DESCRIPTION

This RFP seeks an experienced insurance broker to provide comprehensive services to a government authority located in Utah. The selected vendor will ensure the authority maintains adequate and cost-effective insurance coverage, offers guidance on industry trends and policy options, and supports claims processes. The broker will also assist with the renewal of existing policies, marketing coverage, and analyzing coverage options, ensuring that city insurance needs evolve with changing risks.

Key responsibilities include coordinating with city staff, attending underwriting meetings, preparing materials for insurers, and evaluating both current and alternative insurance programs, including transitions to self-insurance as market conditions dictate. The broker will deliver proposal and stewardship presentations, perform catastrophe modeling (including reports for property risks such as earthquake and flood), and assist with disaster preparedness evaluations.

Additionally, the broker will verify all insurance documents for accuracy and adequacy, continuously review coverage for improvements, and provide unbiased information regarding insurance markets, cost, coverage, and insurer solvency. The contract is set for a five-year period.

Source attribution

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