City Property and Casualty Insurance Consulting and Broker Services

The Vendor is required to provide for Consulting and Broker Services for City Property and Casualty Insurance.
- City to obtain proposals for professional property/casualty insurance consultant/broker services to assist in the management of the city’s various insured and self-funded programs.
- Such services would include, but not be limited to the review, analysis, recommendation, and placement of all insured and self-funded programs in the areas of Property, Auto, General Liability, Law Enforcement Liability, Employment Practices Liability, Public Officials Errors and Omissions, Airport Liability, Workers’ Compensation, Boiler & Machinery, as well as processing policy change endorsements, policy review and audit.
- Insurance Brokerage Services Included:
•    Represent the City in all negotiations with insurance providers on all issues including those related to premiums, plan designs, and contracts;
•    Prepare applications and supporting documents based on data collected and direct input from the City to solicit proposals/quotes for all insurance contracts, including but not limited to third party administration and risk assessments;
•    Analyze and evaluate proposals/quotes received for renewals based on cost, claim payment procedures, customer service, carrier reputation and financial responsibility and any other unique or required features;
•    Provide proposals/quotes to City for insurance carriers whose Best’s Rating is A-VII or better, or in the event the carrier’s Best’s Rating does not meet this criteria, sufficient rationale shall be presented to the City for approval prior to placement, however, nothing in this Agreement shall make the
•    Broker/Consultant responsible for the solvency of any insurer with which it places City’s risk;
•    Recommend to the City the most economical programs based on premiums to transfer risk relative to the amount of risk retained;
•    Provide City with sufficient information on all proposals/quotes received for all insurance contracts;
•    Provide due diligence marketing report for each line of coverage marketed; and
•    Provide all services in coordination with the City’s designated local agent.
- Execution of Contracts and Agreements Included:
•    Ensure that contracts from insurance providers are executed and delivered as expeditiously as possible upon payment of premiums by the City;
•    Review and ensure the accuracy and correctness of insurance contracts prior to delivery to City; and
•    Assist in resolution of conflicts with insurance carriers that may arise during the term of the contracts.
- Current City insurance policies anticipated for renewal:
•    Municipal package excess liability to include general liability, automobile liability with UM/UIM and med pay, law enforcement liability, public officials errors and omissions, employee benefits administration, and employment practices liability;
•    Property insurance;
•    Property insurance for montford dam;
•    Inland marine insurance including fine arts, radio towers, broadcasting and sound equipment;
•    Boiler and machinery insurance;
•    Crime insurance;
•    Airport liability insurance with airport owner’s liability and non-owned aircraft liability;
•    Pipeline liability insurance;
•    Tenant user lease insurance policy (TULIP);
•    Workers’ compensation Excess;
•    Cyber liability insurance;
•    Medical Malpractice;
•    Unmanned Arial Vehicle coverage;
•    Terrorism insurance.