Description
Rhode Island Public Transit Authority (RIPTA) is seeking a licensed insurance brokerage firm to market, place, and administer a comprehensive suite of commercial insurance programs for the authority’s transit operations. The broker must act independently of any insurer, provide net‑of‑commission brokerage services, and may also offer risk‑management consulting, training, and optional coverage expansions. The contract is for one year with up to four renewal options, funded 80 % by the Federal Transit Administration and 20 % by RIPTA. Proposals must be submitted in sealed hard‑copy (original + 2 copies) with an accompanying non‑password‑protected USB drive by the deadline, and a 5 % proposal guarantee is required. Evaluation will focus on experience, fee schedule, and personnel qualifications.