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  5. ›RFP: Broker of Record Services - Property and Casualty - EUS

Morris-Union Jointure Commission·New Jersey

RFP: Broker of Record Services - Property and Casualty - EUS

Closes 3/11/2026$100k – $500kRequest for Proposal
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Description

MUJC is seeking a qualified insurance brokerage firm to serve as the Broker of Record for its Property & Casualty program. The broker will procure, evaluate, negotiate, and administer insurance coverage across a wide range of lines (property, liability, auto, workers’ comp, cyber, pollution, etc.), advise the district on risk management, support budgeting, and monitor regulatory changes. The contract runs from around April 20 2026 through June 30 2027, with a possible two‑year renewal. • Procure competitive P&C insurance for a public‑school district serving ~225 special‑education students. • Evaluate insurer bids, prepare recommendation reports, and act as the district’s liaison with carriers. • Provide ongoing policy administration, regulatory monitoring, and support for board/committee meetings. • Maintain extensive liability and workers’ compensation insurance for the broker, disclose all commission arrangements, and submit required certifications and forms. • Hourly rate to be provided for any “extraordinary services” beyond standard brokerage duties.

Attached files

Contact

Jason Parenti(School Business Administrator / Board Secretary)

jparenti@mujc.org

Key dates

Opened
6/15/2026
Closes
3/11/2026
Projected award
4/16/2026
Duration
14 months

Last updated

Details

Type
Request for Proposal
Industry
Insurance
NAICS
524210
Solicitation №
01PC‑202526

Budget estimate

$100,000 – $500,000

The RFP does not disclose a contract value; compensation will be based on commissions from insurers (typically 5‑15% of premium) plus any agreed hourly fee for extraordinary services. Assuming the district’s total annual premium is in the $2‑5 million range (given the sizable coverage limits), the broker could earn roughly $100‑$750 k in commissions, with additional modest hourly fees. Therefore a realistic earnings range is about $100 k to $500 k for the contract term. Variables include the actual premium amount, commission percentages negotiated, and the extent of extraordinary services performed.

AI estimate from the solicitation

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