Durham Civicplus #27-1095

City of Durham Solicits Professional Insurance Brokerage Services for Municipal Risk Management

The City of Durham Finance Department is seeking proposals for professional insurance brokerage services to support its self-funded municipal insurance program. - Government Buyer: - City of Durham, Finance Department, Purchasing Office - Scope of Services: - Comprehensive insurance brokerage services for over 2,600 employees, 26 departments, 300+ property structures, and 2,300 fleet vehicles - Annual placement and renewal of insurance coverages, including: - Excess workers' compensation (current carrier: Safety National) - Auto physical damage (Allied) - Property (GovPro Property) - Equipment (Liberty Mutual) - Liability (Safety National, Upland) - Cyber (Tokio Marine) - Aviation liability (Global Aerospace) - Medical professional (RSUI) - Risk analysis, insurance marketing, claims advocacy, loss control, and consulting - Coordination with third-party administrators and contract review - Notable Requirements: - Experience with large municipal clients - Ability to structure insurance programs to eliminate coverage gaps - Fixed annual pricing for three years, with possible capped increases after - OEMs and Insurance Carriers Mentioned: - Safety National - Allied - GovPro Property - Liberty Mutual - Upland - Tokio Marine - Global Aerospace - RSUI

Description

The City of Durham is soliciting proposals from qualified firms to provide professional insurance brokerage services. The services include accessing insurance markets, providing consultative insurance advisor services, and direct support in municipal risk management. The contract period is three years starting January 1, 2027, with annual payments and pricing. The City is a self-funded municipality with over 2600 employees and various insurance needs including property, liability, and workers compensation.

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