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  1. Bid Banana
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  3. ›Minnesota
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  5. ›Insurance broker services

Hennepin County·Minnesota

Insurance broker services

Closes 4/29/2026$500k – $2MRequest for Proposal
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Description

Hennepin County is soliciting proposals for professional insurance broker services for an initial three-year term. The selected broker will provide services including developing a complete understanding of the County's areas of exposure, evaluating existing insurance contracts, and identifying programs and products to meet the County's insurance needs. The broker will also act as an advisor to the County and provide support for claims filed under purchased insurance policies. Proposers must submit a proposal that includes a cover letter, a profile of the proposer, and a plan for performing the services. The County reserves the right to modify or cancel the RFP at any time. Key points to consider: • The County is seeking a broker with experience in providing insurance brokerage services, especially in the property insurance area. • The selected broker will be expected to provide professional services and dedicated personnel to perform the core scope of services. • The broker will be required to develop a complete understanding of the County's areas of exposure and evaluate existing insurance contracts. • The broker will be expected to identify programs and products to meet the County's insurance needs and provide support for claims filed under purchased insurance policies.

Attached files

Contact

Tina K Wong(Buyer)

[email protected]

Key dates

Opened
3/11/2026
Questions due
4/9/2026
Closes
4/29/2026
Duration
3 years

Last updated

Details

Type
Request for Proposal
Industry
Insurance
NAICS
524210
Solicitation №
PFP0000521

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, depending on the scope of services and the level of expertise required. The County is seeking a professional insurance broker to provide services including risk assessment and insurance policy management, which suggests that the budget will be significant. However, the exact amount will depend on the specific services provided and the level of competition for the contract. Factors that may influence the likely payment range include the size and complexity of the County's insurance needs, the level of expertise required to provide the services, and the number of bidders competing for the contract.

AI estimate from the solicitation

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