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South Jersey Ports·New Jersey

General Health & Insurance Broker – Professional Services

Closes 11/17/2026$150k – $500kRequest for ProposalLogin required
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Description

The South Jersey Port Corporation (SJPC) seeks a qualified New Jersey‑licensed health and insurance broker to manage its insurance program for the port district. The broker will analyze SJPC’s risk exposures, recommend risk‑transfer strategies, obtain competitive quotes, place coverage, assist with applications, support annual budgeting, aid in loss containment, help settle claims, and report to the Board of Directors. The contract is for a one‑year term with two optional one‑year renewals, and compensation is negotiated directly with SJPC. • Identify and assess all insurance exposures of SJPC and recommend optimal risk‑transfer solutions. • Source, evaluate, and place both property‑casualty and health insurance policies, providing competitive quotations and documentation. • Assist with insurer‑required paperwork, annual budget preparation, loss reviews, claim settlements, and Board presentations. • Serve as the primary insurance liaison for SJPC, ensuring continuous coverage and compliance throughout the contract term.

Attached files

Key dates

Opened
10/9/2026
Questions due
11/3/2026
Closes
11/17/2026
Duration
1 year

Last updated

Details

Type
Request for Proposal
Industry
Insurance
NAICS
524210
Solicitation №
26-30-HI (Solicitation ID 49497)

Budget estimate

$150,000 – $500,000

No direct price is disclosed; however, a public‑sector insurance brokerage for a major port authority typically commands a multi‑year retainer ranging from $150,000 to $500,000 annually, depending on portfolio size, complexity of risk analysis, and volume of policies placed. The lower end reflects a basic advisory/placement fee, while the upper end assumes extensive claims handling, comprehensive budgeting, and full‑service Board reporting.

AI estimate from the solicitation

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