Liability Insurance Risk Management Consultant and Broker Service
- Client
- Passaic, New Jersey
- RFP Number
- INSU-6590
- Posted
- 10/8/2026
- Category
- Insurance Services
- Budget
- Looking for Proposal
- NAICS
- —
- Set-aside
- —
- Contact
- —
Description
AI GeneratedThe City of Passaic seeks a qualified risk management consultant and broker to provide liability insurance services, including evaluating insurance exposures, reviewing coverage and claims, assisting with budgets and safety committees, and advising on products and joint insurance funds. The selected vendor must also handle workers' compensation excess, safety services, medical reviews, and administration. The contract term runs from January 1, 2027, through December 31, 2027. Applicants must be licensed to sell insurance to public entities in New Jersey, have experience in municipal liability insurance and workers' compensation, and be registered with the State of New Jersey Division of Revenue. Vendors must submit sealed proposals by October 20, 2026, at 10:45 A.M. to the Division of Purchasing in Passaic, New Jersey, including contact details, staff resumes, vendor experience, references, and a completed Iran Investment Activities certification.
Key solicitation details
AI-extracted from 7.pdf. Confirm against the original documents before bidding.
The City of Passaic is soliciting requests for proposals for a risk management consultant and broker for liability insurance. The selected vendor will advise, evaluate, and review liability and workers compensation coverages and safety services for the city. Firms with expertise in providing risk management consultant or broker services to governmental entities are eligible.
- Issued by
- CITY OF PASSAIC
- Proposals due
- Tuesday, October 20, 2026, @ 10:45 A.M.
- Written requests for interpretation due
- at least seven (7) days prior to the date fixed for the opening of the proposal
- Notice of challenge to bid specifications due
- no less than three (3) business days prior to the opening of the bids
- How to submit
- Sealed proposals via mail, hand delivery to reception desk, or drop box
- Submission details
- Submitted in a sealed envelope addressed to City of Passaic Division of Purchasing, Attn: Doris Dudek, Director of Purchasing. Submit two (2) copies, one left unbound.
- Contract term
- JANUARY 1, 2027 – DECEMBER 31, 2027
- Place of performance
- Passaic, New Jersey
- Insurance and bonding
- Workers Compensation: Statutory with Employer Liability limits $1,000,000; General Liability: $1,000,000/$2,000,000; Auto Liability: $1,000,000; Commercial Excess: $5,000,000; Professional Liability: $1,000,000; Cyber Liability: $1,000,000.
How proposals are evaluated
| Technical Criteria | 12% |
| Management Criteria | 29% |
| Past Experience and Performance | 27% |
| Cost Criteria | 32% |
Scope of work
- Providing advice on available insurance programs, products, and policies
- Evaluating the City's insurance exposure
- Explaining available coverages from insurance companies, joint insurance funds, and alternative risk placement
- Reviewing liability coverages including automobile, boiler and machinery, package, property, law enforcement, public officials, and crime policies
- Reviewing workers' compensation excess, administration, medical review, and safety services
- Assisting in the preparation of the City's insurance budget
- Reviewing losses and claims experience and assisting with safety committee
- Attending meetings with the Mayor, Business Administrator, Finance Director, Self Insurance Fund Commission, and safety committee
Minimum qualifications
- Experience as an insurance advisor/risk management consultant/broker for governmental entities
- Licensed to sell insurance to public entities in the State of New Jersey and hold all required licenses
- Knowledge, training, and experience in all forms of municipal insurance, including liability insurance and workers' compensation
- Registered with the Division of Revenue, State of New Jersey for a Business Registration Certificate at contract award
Documents to include with the bid
- Stockholder Disclosure Certification (Corporation Statement)
- Required Evidence Affirmative Action Regulations (Letter, Certificate, or Form AA-302)
- Disclosure of Investment Activities in Iran Certification
- Business Registration Certificates for Contractor and Sub-Contractors
- Acknowledgment of Receipt of Addenda
- Certificate of Insurance
- Fee/commission statement and commission disclosure statement
- Executive summary (not more than three pages)
- Staffing plan and resumes of assigned personnel
- References with contact names, titles, and phone numbers
Verify important details
Document checkConfirm submission instructions and amendments with the issuing agency before responding.
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