Insurance Broker of Record Services

The Vendor is required to provide independent insurance brokers with at least five (5) years of public entity insurance broker services.
- The ability to support the City Risk Management Program generally as follows:
•    Developing underwriting data and specifications for renewal negotiations.
•    Assist in providing value and trends for property insurance.
•    Obtain bids from insurance carriers and negotiate the best terms and coverage for the various exposure areas.
•    Expertise and market access to work with alternative risk coverage providers.
•    Tendering losses, reviewing coverage issues, assisting in collection of losses, reporting values, issuing certificates of insurance as needed, processing policy changes, etc. In a timely manner.
•    Analyzing city loss exposure, adequacy of coverage, and developing coverage options not presently purchased by the city.
•    Providing day to day service on insurance matters.
•    Developing insurance requirements for contracts including: design, construction, and software as a service, and guidance reviewing insurance policies, contracts, leases, and bonds.
•    Preparing an annual report including a schedule of policies in force, coverage provisions, premiums, insurance claims experience, and recommending adjustments to insurance coverages.
•    Monitoring viability and cost effectiveness of self-insurance programs.