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  5. ›Property & Liability Insurance Brokerage Services 2021

Montgomery County, Alabama·Alabama

Property & Liability Insurance Brokerage Services 2021

Closes 5/18/2021$50k – $200kRequest for Proposal
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Description

The Montgomery County Commission is seeking an experienced insurance brokerage firm to serve as its independent broker for property and liability insurance programs beginning October 1 2021. The broker will manage the entire insurance procurement lifecycle, provide annual market analysis, risk‑management consulting, claims advocacy, and ongoing policy administration for the county’s various public‑sector exposures. This full‑service engagement requires deep experience with public‑sector clients, large‑value property placements, self‑insured retention, and cyber‑liability/risk‑control services. • Conduct annual stewardship meetings, produce annual reports and market forecasts, and advise on coverage gaps and cost‑effectiveness. • Negotiate and place property and liability policies, maintain relationships with carriers, and handle all claims‑related communications and documentation. • Provide risk‑identification, loss‑control, and educational services to county staff, and serve as the broker of record for the county’s insurance program.

Attached files

Contact

Holly Leverette(Director of Risk Management)

[email protected]

(334) 832-1280

Key dates

Opened
4/14/2021
Questions due
4/21/2021
Closes
5/18/2021
Projected award
5/28/2021
Duration
1 year

Last updated

Details

Type
Request for Proposal
Industry
Insurance
NAICS
524210

Budget estimate

$50,000 – $200,000

The broker’s compensation is expected to be earned as commissions and fees paid by the insurance carriers rather than direct county payments. For a county program of this size (likely several tens of millions in premiums), typical broker commissions range from 2‑5% of premium, plus possible consulting retainers. This suggests an annual earnings range roughly between $50,000 and $200,000 for the selected firm, depending on the total premium volume and any additional consulting services performed.

AI estimate from the solicitation

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