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Insurance Broker of Record Services for the City of Atlantic, New Jersey

Buyer
City of Atlantic City
Place of performance
Offsite; City of Atlantic City, New Jersey
Submission deadline
Dec 2, 2026

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What the buyer needs

AI summary

The City seeks insurance broker of record services in Atlantic, New Jersey. Services include advising on insurance programs, obtaining bids, and reviewing claims experience. The City requires assistance with safety and loss control practices. This includes advising on insurance programs and obtaining bids for expiring policies. All questions regarding this solicitation must be submitted no later than November 18, 2026. The deadline for submission is December 2, 2026.

Scope of work

  • Advise the City on insurance programs, products, industry trends, and policy placement.
  • Evaluate the City's exposure as it relates to insurance.
  • Obtain bids for expiring policies from insurers, Joint Insurance Funds, and alternate risk pools.
  • Review and advise on coverage decisions and policy placement.
  • Assist in the preparation of the City's insurance budget.
  • Review losses and claim experience related to safety and loss control practices.
  • Assist with the safety committee and attend meetings with City leadership.
  • Acquire all policies as Broker of Record and liaise with carriers on audits and loss runs.

How proposals are evaluated

CriterionWeight / scoring
Consultant/management fees and costs30 Points
Relationships with a diverse group of insurance carriers30 Points
References and reputation30 Points

Minimum qualifications

  • Agency License and Individual Licenses from the New Jersey Department of Banking and Insurance
  • Valid New Jersey Business Registration Certificate (BRC)
  • Compliance with N.J.S.A. 10:5-31 et seq. and N.J.A.C. 17:27

Documents to include with your response

  • Proposal Form with pricing for years one, two, and three
  • New Jersey Business Registration Certificate (BRC)
  • Corporate/Partnership Disclosure Statement and Statement of Ownership Disclosure
  • Non-Collusion Affidavit
  • Disclosure of Investment Activities in Iran and Russia or Belarus Form
  • Schedule of Minority Business Enterprise (MBE) / Female Business Enterprise (FBE)
  • NJ Certificate of Employee Information Report
  • Acknowledgment of Receipt of Addenda
  • W-9 Taxpayer Identification Number Form
  • Resumes and Organizational Chart of key staff

How to submit

Method
Electronic via BidNet Direct
Instructions
Proposals shall be electronically uploaded via www.bidnetdirect.com//atlanticcity; no physical proposals shall be received, opened or honored.
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