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University of Maryland - College Park·Maryland

Insurance Brokerage Services for the University of Maryland, College Park

Closes 3/30/2026$500k – $2MRequest for Proposal
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Description

The University of Maryland, College Park is seeking a broker to provide insurance brokerage services for the university. The broker will be responsible for marketing and placing commercial insurance policies, including property, casualty, and other lines of coverage. The university is looking for a broker that can provide comprehensive risk management services, including loss control and claims management. The broker will also be required to provide consulting and advisory services on a range of topics, including risk management, insurance placement, and claims handling. The university is seeking a broker with experience working with higher education institutions and a strong understanding of the university's risk management needs. Some key points to consider: • The university is seeking a broker to consolidate all of its insurance policies with one broker. • The university has a range of insurance policies, including property, casualty, and other lines of coverage. • The broker will be required to provide comprehensive risk management services, including loss control and claims management. • The university is looking for a broker with experience working with higher education institutions and a strong understanding of the university's risk management needs. • The broker will be required to provide consulting and advisory services on a range of topics, including risk management, insurance placement, and claims handling.

Attached files

Contact

Joseph Denson Jr.(Procurement Officer)

[email protected]

(301) 405-5233

Key dates

Opened
3/4/2026
Questions due
3/18/2026
Pre-bid meeting
3/11/2026
Closes
3/30/2026
Duration
3 years

Last updated

Details

Type
Request for Proposal
Industry
Insurance
NAICS
524210
Solicitation №
BPM055715

Budget estimate

$500,000 – $2,000,000

The budget for this opportunity is likely to be in the range of $500,000 to $2 million per year, based on the scope of work and the university's insurance needs. The university has a range of insurance policies, including property, casualty, and other lines of coverage, and is seeking a broker to consolidate all of its insurance policies with one broker. The broker will be required to provide comprehensive risk management services, including loss control and claims management, and will be paid a fee for their services. The fee is likely to be a percentage of the total insurance premiums paid by the university, which could be in the range of $500,000 to $2 million per year.

AI estimate from the solicitation

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