RFP- General Liability Insurance Brokerage Services

Wake Technical Community College (WTCC), North Carolina's largest community college, is requesting proposals for general liability insurance brokerage services under an RFP due August 31, 2026 at 2:00 PM ET via the Ariba Sourcing Tool, with a three-year initial contract term commencing within thirty business days of execution.

The scope encompasses thirteen insurance lines including property, general liability, workers' compensation, cyber liability, flood, automobile, umbrella, and excess liability, plus related risk management services. WTCC maintains substantial insurable assets across multiple campuses with buildings valued at over $965 million, approximately 119 vehicles, and specialized equipment valued at approximately $2.9 million. Vendors must hold North Carolina broker licensure, maintain local office representation, and provide a current insurance certificate of good standing. The prime broker must secure at least seventy percent of the awarded contract if sub-brokers or partners are utilized. Vendors must demonstrate experience with higher education institutions of similar size and complexity, submit three customer references from similar accounts, and certify financial stability. Deliverables include quarterly risk assessment reports, annual policy review reports, market comparison matrices, claims status summaries, cyber coverage benchmarking reports, and annual compensation disclosures. Proposals must be submitted as a flat fee covering all services outlined in the scope of work, with optional services priced separately on a fee schedule. WTCC will make all payments for insurance policies directly to the awarded vendor.

Evaluation is weighted as Technical Approach (40%), Project Organization (20%), Vendor Experience (20%), and Pricing (20%). Written questions are due August 24, 2026, with responses provided by August 26, 2026. Contract award is anticipated at a date to be determined.