Insurance Broker and Risk Management Services

The Vendor is required to provide insurance broker and risk management services on an as-needed basis.
- The broker goals:
• Provide quality results for agency at the most reasonable costs.
• Provide loss control and administrative assistance to agency.
• Position agency to avoid future variations in the insurance market.
• Maximize financial recoveries in the event of losses.
- Placement and insurance management services:
• All-risk property
• Automobile liability
• Boiler and machinery
• Crime, fidelity bonds, and other miscellaneous bonds
• Excess workers’ compensation
• Law enforcement legal liability
• Self-insurance plans
• Student accident insurance
• Student athletic insurance
• Third-party liability
• Cyber liability
• School directors and officer's liability
• Other insurance/plans as required
- The broker will coordinate a database of insured values.
- The broker will coordinate the procurement of all underwriting information from various departments.
- Administration of insurance program, including extensive policy review and issuance, invoicing, coordination, and/or issuance of required documentation, i.e., automobile identification cards, certificates of insurance, and other program administration, as required by agency.
- Review accounting and billing data received from insurance markets on agency behalf to ensure accuracy.
- Annually, provide stewardship report summarizing program and services provided throughout the year.
- Provide agency risk management department staff with access to risk management documents and insurance policies, preferably online, and provide appropriate training to aps staff for effective use of the system.
- All broker compensation will be on a fee basis only.
- Participate in claims review meetings to ensure the accuracy of reserves and effective claims management.
- Coordinate claim information with designated adjusters.
- Assist with claim and coverage disputes.
- Contract Period/Term: 4 years
- A Pre-Proposal Virtual Conference Date: February 13, 2025
- Questions/Inquires Deadline: February 20, 2025