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  5. ›RFP 01-24-Property and Casualty Insurance Broker-A

Caddo Parish Public Schools·Louisiana

RFP 01-24-Property and Casualty Insurance Broker-A

Closes 9/21/2023$150k – $300kRequest for Proposal
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Description

The Caddo Parish School Board is seeking a qualified insurance brokerage firm to manage its Property and Casualty insurance program for the 2023‑2024 renewal year. The broker will be responsible for securing coverage, handling flood insurance for three identified schools, providing a $50 M named windstorm limit, arranging terrorism coverage that includes property damage and business interruption, and delivering loss‑control consulting services. The solicitation includes extensive loss‑run data and a Statement of Values to aid in underwriting and pricing. • Provide brokerage services for property‑and‑casualty insurance (including flood, windstorm, and terrorism endorsements). • Review and incorporate historical loss‑run data (nine loss‑run files) and the SOV to develop pricing and coverage recommendations. • Support the Risk Manager’s self‑inspection survey and maintain business continuity planning for the district. • Submit a formal proposal after the opening date of September 21 2023.

Attached files

Contact

Shavonda Scott(Purchasing Director)

[email protected]

(318) 603-6481

Key dates

Opened
9/21/2023
Closes
9/21/2023
Duration
1 year

Last updated

Details

Type
Request for Proposal
Industry
Insurance
NAICS
524210
Solicitation №
RFP01-24

Budget estimate

$150,000 – $300,000

No explicit fee schedule is disclosed, but typical broker commissions for large public‑sector property‑and‑casualty programs range from 5 % to 10 % of the annual premium. Assuming the district’s total premium is in the $1‑2 million range (based on coverage limits and comparable school districts), the broker could expect earnings between roughly $150,000 and $300,000 for the 2023‑2024 renewal. Factors influencing the final amount include the complexity of loss‑run analysis, the need for specialized flood and terrorism endorsements, and any performance‑based incentives.

AI estimate from the solicitation

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