PROPERTY AND CASUALTY INSURANCE BROKER AND RISK CONSULTING SERVICES

The City of Riverside is seeking a licensed California insurance broker to serve as the Broker of Record and provide comprehensive property‑and‑casualty insurance brokerage and risk‑consulting services for the municipality. The vendor will manage policy placement, conduct claims advocacy, produce annual premium forecasts, advise on risk‑management strategies, support the City’s Enterprise Risk Management program, and supply special‑event coverage and valuation services as needed. Minimum qualifications include at least five years of comparable municipal brokerage experience, a current CA Department of Insurance license with no corrective‑action history, and demonstrated financial stability. Proposals must be submitted electronically via PlanetBids by March 11, 2026, with questions due by February 24, 2026. The contract is for an initial three‑year term, with two optional one‑year extensions, and the City will evaluate proposals on qualifications, methodology, references, and price. • Brokerage of the City’s multi‑line P&C insurance program (general liability, workers’ comp, cyber, earthquake, etc.). • Risk‑consulting deliverables: loss‑control advice, quarterly risk meetings, annual “not‑to‑exceed” premium forecasts, renewal budget presentations, and special‑event coverage facilitation. • Eligibility: ≥5 years experience, current CA insurance‑broker license, no bankruptcy in past 5 years, clean regulatory record.