Sacramento Regional Transit District PlanetBids #2026029

Sacramento Regional Transit District Solicits Insurance Broker Services for 5-Year Term

This opportunity is for qualified firms to provide Insurance Broker Services to the Sacramento Regional Transit District (SacRT) for a 5-year term. - Government Buyer: - Sacramento Regional Transit District (SacRT), Procurement Services Department - OEMs and Vendors: - No specific Original Equipment Manufacturers (OEMs) or named vendors are referenced; the solicitation is for professional services, not products. - Products/Services Requested: - Comprehensive insurance brokerage services, including: - Design, marketing, and placement of insurance policies (excess property, liability, workers compensation, boiler and machinery, employment practices liability, employee dishonesty, cyber liability) - Risk management advice and consultation - Claims assistance and assessment - Quarterly loss reports, market analysis, insurance portfolio summaries, policy reviews, invoice audits, and insurance certificate management - Additional services may be requested on an hourly fee basis - Unique or Notable Requirements: - Fixed annual brokerage fee (not commission or hourly for base services) - Minimum 5 years of broker experience in California and valid broker license required - Strict insurance coverage and endorsement requirements for the contractor (commercial general liability, auto, workers compensation, professional liability) - Emphasis on Small Business Enterprise (SBE) and Local Business Enterprise (LBE) participation, with 25% goals and up to 20% point preference for eligible bidders - Proposals evaluated on understanding, staffing, work plan, and price - Contract may be terminated for convenience or breach, and is subject to annual budget approval

Description

Sacramento Regional Transit District (SacRT) is soliciting proposals for Insurance Broker Services. The contract term is 5 years, and the solicitation seeks contractors with qualifications, experience, and knowledge to provide insurance broker services. The solicitation includes policies to promote equal opportunity for Small Business Enterprises (SBE) and Local Business Enterprises (LBE), with point preferences for bidders meeting these goals. Proposals must be submitted electronically via SacRT's PlanetBids Vendor Portal by August 26, 2026, 14:00 PST.

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