Harmony Public Schools Ionwave #HPS2730_IBOR Addendum 1

Insurance Broker of Record services for Harmony Public Schools

Harmony Public Schools is seeking a licensed insurance brokerage firm to manage insurance placement and related risk services for its Texas charter school system. - Government buyer: Harmony Public Schools (HPS), Purchasing Department. - Requested service: Insurance Broker of Record services for HPS’s insurance program. - Coverage includes property, workers’ compensation, general liability, educators legal liability, directors and officers, automobile, crime, cyber, and equipment breakdown. - Services include insurance placement and policy administration, risk-management consulting, and claims advocacy. - Insurance program context: HPS operates more than 70 campuses and reports annual property premiums of $2.1 million and casualty premiums of $740,000. Its current broker is compensated entirely by commission; the commission rate is not provided. - OEMs and vendors: No insurance brokerage firm, insurance carrier, or OEM is named in the source materials. No products, part numbers, or product quantities are specified. - Notable requirements: The selected firm must be qualified and licensed, identify its insurance carrier markets and premium volume, and provide at least three references for similar services. - Term: The notice describes an initial three-year term, with up to two additional one-year options, but its stated term dates span four calendar years. The initial duration and dates therefore do not align. - Estimated value: The broker’s compensation is not stated. A broad illustrative estimate of $425,000–$2,130,000 assumes commissions of roughly 5%–15% on the reported $2.84 million in annual premiums over three to five years; actual value may differ.

Description

Harmony Public Schools is requesting proposals from qualified, licensed insurance brokerage firms to serve as its Insurance Broker of Record. The insurance program includes property, workers’ compensation, general liability, educators legal, directors and officers, auto, crime, cyber, and equipment breakdown coverage. Services include risk management consulting, insurance placement, policy administration, and claims advocacy. The initial contract term is three years, beginning January 1, 2027, and ending December 31, 2030, with up to two additional one-year terms.

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