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  5. ›RFQ #2027-01 - BROKER OF RECORD PROP CASUALTY SERVICES…

South Orange Maplewood School District·New Jersey

RFQ #2027-01 - BROKER OF RECORD PROP CASUALTY SERVICES -NOTICE

Rolling / TBD close$25k – $150kRequest for Proposal
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Description

The South Orange & Maplewood School District is seeking a qualified insurance broker to serve as the broker‑of‑record for its property and casualty insurance coverage for the 2026‑27 school year. The selected broker will manage the procurement, placement, and ongoing administration of all property‑casualty policies, ensuring compliance with New Jersey insurance statutes and handling any claims or adjustments that arise during the contract term. This is a single‑year engagement with a firm that must be licensed under NJ state insurance‑broker regulations and capable of delivering comprehensive risk‑management services to a public K‑12 district. • Scope: Act as the district’s sole property/casualty insurance broker for the 2026‑27 school year. • Requirements: Must comply with N.J.S.A. 10:5‑31 et seq. and N.J.A.C. 17:27 et seq.; submit a sealed, properly labeled proposal by the deadline. • Submission: Deliver sealed envelope to Business Office, 525 Academy St., Maplewood, NJ 07040 by 10:00 a.m., Oct 16 2026. • Evaluation: District reserves right to reject non‑responsive proposals; may waive minor informalities at its discretion.

Attached files

Contact

Nicole C. Schoening(Business Administrator)

[email protected]

Key dates

Opened
10/3/2026
Closes
Rolling / TBD
Duration
1 year

Last updated

Details

Type
Request for Proposal
Industry
Insurance
NAICS
524210
Solicitation №
RFQ #2027-01

Budget estimate

$25,000 – $150,000

No contract value is disclosed; typical property‑casualty premiums for a district of this size range from $1‑3 million annually. Broker commissions usually run 2‑5 % of premiums, suggesting a fee between $20,000 and $150,000 for the year. Additional administrative fees could push the upper end higher, but a reasonable ballpark for the awarded fee is $25K‑$150K.

AI estimate from the solicitation

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