EUS/RFP 27-002 Insurance Broker

The Bridgeton Board of Education is seeking a licensed insurance broker to provide risk management services, including negotiating renewal of existing coverage, evaluating bids, and providing risk management services. The selected firm must have experience handling insurance coverage for Boards of Education in New Jersey and have a good working relationship with the New Jersey School Insurance Group (NJSIG). The contract will be for a period of one year, with two one-year renewal options. The board is looking for a firm that can provide high-quality services at a fair and competitive price. Some key responsibilities of the selected firm will include: * Negotiating renewal of existing coverage * Evaluating bids received and making recommendations to the Business Administrator * Assisting the district in evaluating and settling issues related to insurance coverage * Monitoring the financial and administrative strengths and ratings of the carrier(s) providing the board’s coverage * Providing risk management services * Participating in the district’s safety committee meetings * Participating in NJSIG meetings The board will evaluate proposals based on factors such as management criteria, technical criteria, and cost criteria. Some of the key factors that the board will consider include: * Experience and ability to perform services * Qualifications and references * Organization, staffing, and methodology * Experience in school districts of comparable size * Cost proposal * Other factors that may be in the best interests of the school district