All correspondence must be made through the Vendor Portal. Specifications include, but are not limited to: The Rhode Island Public Transit Authority (RIPTA) is soliciting proposals from insurance brokerage firms to provide services to market, place, and administer RIPTA's insurance requirements for a three-year period with up to two annual renewal options to be exercised at the sole discretion of the Authority beginning January 1, 2023. RIPTA intends to appoint one or more firms to represent the Authority in the commercial insurance marketplace as directed by the Authority. Such appointment may not guarantee any fee or commission income unless RIPTA purchases commercial insurance coverage. The successful proposer(s) shall be professional firms, which independently practices as a licensed RI insurance broker, and whose principal corporate engagements, source of revenues, and client base are derived solely from brokerage services rendered directly to clients. The following types of insurance coverages have been considered in the past: • Builders Risk • Comprehensive General Liability • CGL Umbrella Policy • Directors & Officers Insurance • Employee Benefit Liability • Excess Automobile Liability Insurance • Fidelity-Bonds & Crime • Flood Insurance • Property • Blanket Buildings & Contents • Rolling Stock • Electronic Data Equipment • Boiler & Machinery • Radio Tower & Equipment • Underground Storage Tank Liability • Fiduciary Insurance for Pension Protection • Garage Keepers’ Liability • Non-owned Auto Liability
