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North Dakota State Mill and Elevator·North Dakota

Property and Casualty Insurance Broker

Closes 3/17/2026$150k – $500kRequest for Proposal
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Description

North Dakota Mill & Elevator is seeking a qualified insurance brokerage firm to assess its excess property and casualty exposures, obtain competitive quotes, and advise on placement of coverage for its grain‑processing operations. The broker must be licensed in North Dakota, have at least five years of relevant experience, and be able to deliver an assessment by late May and insurance quotes by mid‑June, with coverage effective July 1, 2026. The contract is a firm‑fixed‑price agreement for an initial twelve‑month period, with up to four one‑year renewal options and a possible twelve‑month extension. The award will be made in late March, with work to commence by May 1, 2026. • Conduct a thorough assessment of excess exposures and submit recommendations (due May 22 2026). • Source, evaluate, and present property & casualty insurance quotes (due June 15 2026). • Provide ongoing advisory services, claims support, and assistance with renewals throughout the contract term. • Must hold a valid North Dakota insurance producer license and carry required vendor insurance (CGL, E&O, auto, workers’ comp).

Attached files

Contact

Cathy Dub(Procurement Officer)

[email protected]

(701) 795-7232

Key dates

Opened
2/17/2026
Questions due
2/27/2026
Closes
3/17/2026
Projected award
3/27/2026
Duration
12 months

Last updated

Details

Type
Request for Proposal
Industry
Insurance
NAICS
524210
Solicitation №
475.26-001

Budget estimate

$150,000 – $500,000

The RFP does not disclose a total contract value. Typical brokerage fees for large commercial property & casualty programs range from 3‑7 % of the annual premium or a flat‑fee arrangement of $150‑$500 k for a full‑service engagement of this scope. Assuming the mill’s total insured exposure runs in the $100‑$200 million range, a 5 % commission would translate to roughly $5‑$10 million in premiums, yielding broker earnings in the $250‑$500 k band. A flat‑fee alternative could be $150‑$300 k. Therefore, a reasonable expected budget range is $150,000 to $500,000.

AI estimate from the solicitation

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