Insurance Broker and Risk Management Consulting Services

Chesterfield County, Virginia, issued solicitation RFP27000055 on October 9, 2026, seeking a qualified contractor to provide insurance broker and risk management consulting services for the Chesterfield Risk Management Department. The scope of work involves designing and implementing a comprehensive insurance program to protect County assets, identifying risk financing alternatives, and representing the County in negotiations with insurers and regulatory authorities. Key deliverables include obtaining quotations, submitting insurance binders within two business days of binding, and providing original policies within three months. All servicing team members must be licensed as both insurance agents and consultants in the Commonwealth of Virginia, and the firm must provide full disclosure regarding override commissions and profit sharing. The selection process is multi-step, beginning with the identification of a shortlist of two or more fully qualified offerors, followed by negotiations, and concluding with an award to the offeror providing the best proposal. Proposals must be submitted by November 16, 2026, via the County's eProcurement system or as a hard copy with a matching USB drive. Final pricing will be negotiated based on an annual fee for base contract services and hourly rates for additional loss control work. The contract includes strict requirements for data security, particularly regarding student personal information, and mandates compliance with the State and Local Government Conflict of Interests Act and forced child labor prohibitions for contracts exceeding 10,000 dollars. Payment is preferred through the ePayables program.