Summary

IPTC is issuing a Request for Proposal (RFP) for Insurance Broker. The goal of this RFP is to seek out firms that will offer the highest protection of coverage balanced with the market prices in insurance and causality.

The broker and their firm should be experienced in policy limits and levels of finical retention in the public sector specifically in public transportation.  Categories of coverage and knowledge should include but are not limited to, Public Officials, Fiduciary Liability, Builders Risk, Cyber, Assets of Rolling Stock, Crime, Building Property, Flood, Fire, Earthquake, ECT.  The selected broker will be responsible, together with IPTC Risk Management staff for planning, designing, implementing and managing a competitive, cost-effective risk-financing program for IPTC. The process will include the marketing, procurement, and placement of insurance coverage (or alternatives) that will complement IPTC’s self-insurance program. In addition to Brokerage, IPTC requests Consulting Services to analyze existing coverage and identify or develop cost-saving alternative benefit strategies and plans.

The broker will have an actuarial performed for discovery to identify proper line items of coverage needed.  The broker will advise IndyGo in actions to help secure the best market pricing.

Procurement Schedule

RFP Release Date
August 14, 2019
Pre-Proposal Meeting
August 23, 2019 9:00AM EST - IPTC HR Training Room
Written Questions Due
September 6, 2019
Answers to Written Questions Posted
September 16, 2019
RFP Due Date
September 27, 2019 10:00AM EST
Interviews of Selected Vendors (If Needed)
October 9, 2019 TBD
Selection Recommendation to IPTC Board
October 24, 2019 5:00PM EST

Download Solicitation

Requested contact information helps IndyGo meet FTA Guidelines in developing bidder’s lists and increases our ability to contact vendors regarding the postings of addenda or other important changes to the solicitation package.  Interested parties can also email us at procurement@indygo.net to request procurement documents.