Insurance Broker of Record

The Wisconsin Insurance Broker of Record state-wide contract provides comprehensive risk management and insurance services for the State of Wisconsin and its agencies, including the University of Wisconsin Systems. The vehicle covers a wide range of specialized insurance and risk management offerings, encompassing excess property and liability insurance, environmental programs, air service and drone insurance, vanpool coverage, and cyber liability protection. Contractors are authorized to deliver marketing strategies, risk management services, claims management, financial analysis, and specialized insurance solutions across multiple strategic areas.

The contract is administered by the Wisconsin Department of Administration, with an initial award date of July 1, 2020. While a specific prime contractor is not explicitly named in the provided documentation, the contract establishes an exclusive broker relationship with defined compensation structures, including an annual fee of $90,000 for excess property and liability placement services, and additional flat fees for specialized coverage areas ranging from $15,000 to $37,500. The contract includes detailed fee mechanisms, with special project work billed at $150 per hour and commission-based placements capped at 12% retail brokerage commission. The vehicle covers the entire state of Wisconsin and provides insurance services for state agencies and the University of Wisconsin System.