Insurance Broker Services

The Town of Glastonbury is seeking proposals for professional insurance brokerage and risk management services for the Town and the Glastonbury Board of Education. The contract is scheduled to begin on or before March 1, 2027, and run through June 30, 2032, with an option to renew for two additional years. The selected firm will be responsible for evaluating insurance contracts and claim histories, recommending coverage modifications, conducting market analysis to obtain at least two quotes per risk type annually, and providing quarterly reports on loss trends and historical data. All insurance must be written on an occurrence form basis with carriers approved in Connecticut maintaining a minimum Best’s Rating of A-VIII. Proposals are due by November 17, 2026, via the Bonfirehub portal. Selection will be based on the best value, evaluating factors such as proposal quality, municipal experience, performance history, and the firm's overall approach. A five-member selection committee will review submissions and invite top-rated firms for interviews during the week of December 7, 2026, with a final appointment expected by December 31, 2026. The contract is awarded on a fee basis, with payments made at the beginning of each fiscal year following the insurance renewal process. Invoices are submitted monthly and are payable within 30 days of approval.