Insurance Consulting and Brokerage Services

The Vendor is required to provide ongoing and as-needed insurance consulting and brokerage services for a five (5)-year period.
- Broker services to include but not limited to marketing and placement of insurance coverages, as well as consulting services for coverage issues, self-insurance operations, asset management services, certificate of insurance management software and programs, and safety consulting services with monetary safety incentives to assist in building a safety program and culture.
- Objectives
1. Optimize insurance program design and structure to:
• Align coverage limits, retentions, and structures with the county’s risk profile.
• Utilize catastrophe modeling and data analytics to inform decision-making.
• Ensure adequate protection against property, casualty, and construction-related risks.
2. Enhance market engagement to:
• Strengthen the county’s market position and improve financial outcomes.
• Achieve competitive pricing, terms, and coverage.
• Implement strategies to reduce and stabilize the county’s total cost of risk (TCOR)
3. Strengthen claims management and enhance outcomes to:
• Improve claims handling efficiency and effectiveness.
• Maximize recovery on claims, including catastrophe-related losses.
• Strengthen coordination with TPAS, carriers, and adjusters.
4. Leverage data and analytics to:
• Utilize data driven insights to support informed decision-making.
• Achieve competitive pricing, terms, and coverage.
• Improve data quality, reporting, risk visibility, and forecasting.
• Enhance underwriting outcomes and reduce the TCOR.
5. Ensure full transparency, accountability, and high-quality service delivery to:
• Maintain full transparency in compensation, commissions, fees, and market activities.
• Ensure contractor compensation structures, incentives, discounts, and service strategies support the county’s financial, operational, and risk management objectives, including reduction of total cost of risk (TCOR), and comply with the compensation and transparency requirements of this solicitation document.
• Maintain clear, accurate, and consistent reporting and disclosures throughout the term of the contract.
6. Improve risk management and loss prevention to:
• Identify key risk drivers and implement mitigation strategies
• Strengthen safety programs and reduce claim frequency and severity.
• Support development of enterprise risk management (ERM) capabilities.