4-Cover Letter - Broker Commercial Insurance Coverages.pdf

This is a cover letter from the New Jersey Housing and Mortgage Finance Agency soliciting bids for Broker/Commercial Insurance Coverages services. The Agency seeks a qualified insurance broker to secure comprehensive insurance coverages and provide related brokerage services. Sealed bids must be submitted electronically through the Agency's Procurement Portal at https://njhmfa.bonfirehub.com by 11:00 AM EDT on June 17, 2026. All vendors, including SBE, Disabled Veteran-owned businesses, MBE, and WBE vendors, are encouraged to participate as both prime contractors and subcontractors. Registration through the Procurement Portal is required and is available at no cost. Only bids submitted electronically will be accepted, and the Agency reserves the right to reject any and all bids.

The insurance coverages must be obtained from insurance companies authorized to conduct business in New Jersey with a minimum Financial Strength Rating of A- and a minimum Financial Size Category of VIII per A.M. Best Company. The engagement aims to provide reliable and comprehensive insurance coverage at the most reasonable cost. No specific pricing information, award timeline, contract term, or renewal options are detailed in this cover letter, though additional details are indicated to be contained in the enclosed Request for Proposals document.