Liability Insurance and Workers Compensation Broker and Consulting Services

Overview

Financial, Legal, HR & Staffing

Aurora, Illinois, United States; Montgomery, Illinois, United StatesPosted 24 days agoDeadline: May 1st, 2026

Fit Score

Settle Intelligence

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SUMMARY

The District requests broker and consulting services related to liability insurance and workers compensation, including program evaluation, risk management strategy, and insurer/provider assessments.

KEY REQUIREMENTS

BUDGET

Estimate

$50,000 – $150,000

CONTRACT DURATION

36 months

TIMELINE

Issuance of Request for Proposal: April 8th, 2026

Participation Acceptance Form: April 20th, 2026

Deadline for Written Requests for Clarification: April 20th, 2026

Deadline for the Publication of Addendum: April 24th, 2026

Deadline for Submission of Proposal: May 1st, 2026

Oral Interviews with Selected Vendors: May 4th, 2026 – May 8th, 2026

Board of Education Recommendation and Approval: May 18th, 2026

QUESTION DEADLINE

April 20th, 2026

Issuing Agency

Board Of Education Of East Aurora School District 131

Organization overview and procurement intelligence available on paid plans.

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DESCRIPTION

The District seeks a qualified vendor to provide comprehensive broker and consulting services for liability insurance and workers compensation. Responsibilities include serving as an advisor on all liability, property/casualty, and workers’ compensation insurance-related matters, reviewing and evaluating existing coverage—including limits, retentions, deductibles, endorsements, and exclusions—and assessing program structures to recommend optimal risk-financing strategies such as self-insurance, high-deductible programs, consortium participation, captives, or traditional placements.

The vendor will also develop both short- and long-range risk-management goals and strategies tailored to the District’s operational needs and loss trends. Benchmarking against comparable school districts and public entities is expected, along with a thorough evaluation of exposure data relating to payroll, student activities, fleet usage, facilities, and safety practices. The scope includes researching viable insurers, third-party administrators, and risk-management service providers, and presenting a detailed cost-benefit analysis for each option.

Source attribution

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