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  1. Bid Banana
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  5. ›04142026 RFP - Insurance Broker

Ringwood School District·New Jersey

04142026 RFP - Insurance Broker

Closes 5/29/2026$25k – $75kRequest for Proposal
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Description

The Ringwood Board of Education is seeking a qualified firm to serve as the Broker of Record for two distinct insurance programs: (A) Property & Casualty insurance and risk management, and (B) Health benefits for district employees. The selected broker will be responsible for marketing and placement of policies, risk analysis, claims advocacy, compliance with federal and state regulations, and ongoing employee support throughout the 2026‑2027 school year. The contract requires extensive statutory disclosures and a detailed technical and management proposal, with a strong emphasis on methodology and experience. • Provide marketing, placement, and renewal services for property, liability, auto, workers’ comp, and educators’ legal liability coverage. • Negotiate, design, and manage health benefits plans, ensuring ACA, COBRA, and HIPAA compliance. • Submit one original and two copies in a sealed envelope by May 29, 2026 11:00 a.m., accompanied by a full set of New Jersey statutory certifications (BRC, affirmative‑action, political‑contributions, etc.).

Attached files

Contact

Barbara Kuhn(Executive Secretary to the School Business Administrator)

[email protected]

Key dates

Opened
4/25/2026
Closes
5/29/2026
Duration
1 year

Last updated

Details

Type
Request for Proposal
Industry
Insurance
NAICS
524210
Solicitation №
04142026

Budget estimate

$25,000 – $75,000

No monetary award is disclosed. Typical broker commissions for school‑district insurance programs range from 4‑10% of the total premium. Assuming the district’s property & casualty premiums total roughly $500,000 and health‑benefits premiums about $200,000, expected commissions could be $20,000‑$70,000 for the year. This estimate reflects market rates, the dual‑service scope, and the absence of a fixed fee schedule.

AI estimate from the solicitation

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