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  5. ›DQ Insurance provider for Error & Omissions Licensed REB

Colorado Real Estate Commission·Colorado

DQ Insurance provider for Error & Omissions Licensed REB

Closes 9/11/2025$500k – $2MRequest for Proposal
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Description

The Colorado Real Estate Commission is seeking an insurance provider for Error & Omissions Licensed Real Estate Brokers. The provider will be responsible for managing claims and providing coverage for licensed real estate brokers in Colorado. The commission has provided data on the total paid and incurred claims for closed and open claims, including loss and legal expenses. The provider will need to review this data and provide a proposal for providing insurance coverage. Key aspects of the job include: • Managing claims and providing coverage for licensed real estate brokers • Reviewing and analyzing data on claims and expenses • Providing a proposal for insurance coverage • Working with the Colorado Real Estate Commission to provide a comprehensive insurance program

Attached files

Contact

Kristine Contreraz

[email protected]

(303) 894-7765

Key dates

Opened
9/5/2025
Closes
9/11/2025

Last updated

Details

Type
Request for Proposal
Industry
Insurance
NAICS
5241
Solicitation №
DQ1-SIAA-2026000089-1

Budget estimate

$500,000 – $2,000,000

Based on the data provided, the total incurred claims for closed and open claims are $14,563,319.71 and $2,980,155.56, respectively. The provider will need to review this data and provide a proposal for providing insurance coverage. The budget for this opportunity is likely to be in the range of $500,000 to $2,000,000 per year, depending on the provider's fees and the commission's budget. The budget may be influenced by factors such as the number of claims, the cost of claims adjustment, and the provider's administrative costs.

AI estimate from the solicitation

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