Description
The Lakewood Board of Education seeks a qualified insurance brokerage firm to serve as the Broker of Record for its Property, Liability, Casualty, and Workers’ Compensation programs for a three‑year term. The broker will be responsible for procuring coverage, managing bids, providing cost analysis, monitoring carrier compliance, handling claims review, and delivering value‑added services such as safety‑committee participation and professional‑development sessions. The role requires close coordination with the district’s Business Administrator and adherence to extensive state‑mandated insurance, reporting, and compliance requirements.
• Core duties include negotiating and recommending P&C and Workers’ Compensation coverage, preparing bid specifications, and evaluating carrier responses.
• Vendor must maintain at least two NJ‑licensed professionals, have experience with ≥5 NJ public‑school districts (≥3 with $10 M+ budgets), and meet a long list of certifications (affinity‑action, de‑barment, non‑collusion, political‑contribution disclosures, etc.).
• Contract runs 1 July 2026 – 30 June 2029 (3 years) with optional two‑year extensions; award expected 27 May 2026; submission deadline 8 May 2026.