RFP#306-25-YE insurance broker and risk management services

The City of Williamsburg and Portsmouth in Virginia are seeking a comprehensive Insurance Broker and Risk Management Services provider through RFP#306-25-YE, with proposals due on October 2, 2025. This procurement opportunity solicits qualified insurance brokerage firms to provide specialized risk management services for municipal operations, with a primary focus on developing strategic insurance coverage and risk mitigation strategies. Potential respondents must demonstrate extensive experience in public sector insurance brokerage, including detailed knowledge of municipal risk profiles, comprehensive insurance program design, and proactive risk management techniques. The solicitation likely requires vendors to submit comprehensive proposals detailing their approach to insurance placement, claims management, policy analysis, and ongoing risk assessment for local government entities. Evaluation criteria will presumably include vendor qualifications, demonstrated expertise in municipal insurance, proposed methodology, cost-effectiveness, and the firm's ability to provide holistic risk management solutions tailored to local government needs.

While specific set-aside designations are not explicitly detailed in the provided information, municipal procurement opportunities often include provisions for small, minority-owned, women-owned, or disadvantaged business enterprises. The contract appears designed to support professional insurance brokerage services across multiple municipal jurisdictions, suggesting a potentially significant engagement with substantial annual value. Respondents can expect a competitive selection process that will likely prioritize vendors with proven track records in public sector insurance and risk management. The scope of services may encompass multiple insurance lines including general liability, property, workers' compensation, and specialized municipal coverage areas. Though precise budget ranges are not specified, similar municipal insurance brokerage contracts typically range from $50,000 to $250,000 annually, depending on the complexity of services and the specific risk management requirements of the participating jurisdictions.