Broker and Commercial Insurance Coverages Service
Overview
Fit Score
Settle Intelligence
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SUMMARY
KEY REQUIREMENTS
CONTRACT DURATION
TIMELINE
Questions due by June 2nd, 2026.
Bid opening on June 17th, 2026 at 11:00 AM.
QUESTION DEADLINE
Issuing Agency
New Jersey Housing And Mortgage Finance Agency
Organization overview and procurement intelligence available on paid plans.
DESCRIPTION
The government authority located in Trenton, New Jersey seeks a qualified vendor to provide comprehensive broker and commercial insurance coverage services. Responsibilities include offering professional insurance advice and securing the agency's insurance coverages through reputable insurance companies. The selected broker will deliver related brokerage services to obtain reliable and comprehensive insurance at the most reasonable cost.
The vendor will be expected to coordinate all marketing efforts, including organizing, developing, and presenting necessary data for marketing the insurance risk plan and obtaining division approval before approaching underwriters. Additional tasks involve administering claims submittals to ensure proper processing, handling risk finance invoicing for premiums, and conducting thorough audits of the current insurance program. Audits will evaluate the adequacy of coverage, limits, deductibles, restrictions, warranties, concurrency, and financial stability of insurers, ensuring no duplication or gaps and proper coordination of coverage.
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Frequently asked questions
- When is the submission deadline?
- Submissions are due June 17, 2026. Questions must be submitted by June 2, 2026.
- Who issued this RFP?
- It was issued by New Jersey Housing And Mortgage Finance Agency. The work is located in Trenton, New Jersey, United States.
- Who is a good fit for this opportunity?
- Licensed insurance brokerage with experience in public sector insurance
- Expertise in commercial insurance coverage marketing and administration
- Proven ability handling claims, premium invoicing, and policy audits
- Strong relationships with underwriters and major insurance companies
- Established presence in New Jersey or the Northeastern United States
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