Insurance Brokerage Services

The City of Detroit Office of Contracting and Procurement on behalf of the Office of Chief Financial Officer is requesting proposals for Insurance Brokerage Services under RFP 550591, with proposals due October 16, 2026 at 4:00 PM EST and questions due October 2, 2026 at 12:00 PM EST. Detroit equalization credits of up to 10 additional points may be applied to prime and subcontractors meeting criteria such as Detroit headquarters, residency, or small business certifications.

Respondents must hold a current insurance license issued by Michigan's Department of Insurance and Financial Services and demonstrate a minimum of five years of experience providing insurance or brokerage services for public entities in Michigan. The scope encompasses designing, marketing, obtaining quotations, evaluating insurer financial status, and placing insurance policies for property, excess liability, crime, fine arts, aircraft, watercraft, pollution, cyber, and specialized coverages. Additional services include developing service plans for managing the City's insurance program, assisting with large claims management, providing training, delivering annual stewardship reports, and offering risk management and industry advice.

Technical proposals are evaluated on qualifications and experience (35 points), strength of key personnel (30 points), and approach/workplan (25 points), with pricing accounting for 8 points, totaling 98 possible points. The contract term is three years with three additional one-year renewal options, effective upon Detroit City Council approval and signature by the Chief Procurement Officer. The City anticipates one award. Proposals must remain firm for 120 days from due date.

Submission requires notarized affidavits, a Certificate of Authority, three years of financial statements, current SAM registration, and detailed staffing and project schedules through the EUNA Bonfire Supplier Portal. Faxed or mailed submissions will not be accepted. The City retains the right to terminate for cause with ten calendar days to cure or for convenience with five business days' written notice. Contractor must maintain comprehensive insurance including $1,000,000 commercial general liability and $1,000,000 errors and omissions/cyber liability coverage.