Broker of Record for Bridge, Property, Terrorism, and Business Interruption Insurance Coverages

The Florida Department of Transportation is seeking a broker of record to provide bridge, property, terrorism, and business interruption insurance coverages. The selected vendor will be responsible for providing consulting services, including risk management consulting services, to support the procurement of insurance coverages. The contract is expected to begin in February 2026 and will be effective for five years, with the option to renew for up to five additional years. The Department estimates that the average annual spending volume will be approximately $8.3 million. • The vendor will be responsible for providing insurance coverages for the Department's assets, including bridges, properties, and other infrastructure. • The vendor will be required to provide claims management services and protocols. • The vendor will be expected to provide consulting services, including risk management consulting services, to support the procurement of insurance coverages. • The vendor will be required to submit a cost proposal, which will become part of the contract if the vendor is selected for award. • The Department reserves the right to reject any proposal that does not meet the requirements of the RFP.