USA(Illinois)
REBS-0035

RFP Description

The Vendor is required to provide firms or brokers to procure appropriate and adequate commercial general liability, property, auto (liability and physical damage), EPL, employee dishonest/crime, cyber, law enforcement, public official, boiler/machinery and worker’s compensation insurance.
- Establish a single contract with an experienced and highly qualified broker that can advise and coordinate in meeting changing needs and goals.
- Secure a broker that provides skilled marketing experience in order to achieve the best premium quotes and market options.
- Establish a partnership for active engagement in the best options and management of the county’s insurance program.  • Perform services necessary to replace current insurance coverage expiring on November 30, 2025.
• Develop an understanding of the county’s needs in specialized areas and provide input to management as to the areas which need modification or improvement.
• Provide safety/loss control services and documentation as requested.
• Assist in risk exposure evaluation, as well as development and the evaluation of traditional and alternative risk financing mechanisms, which may be beneficial to the county.
• Perform consulting and other services customarily expected of a broker for the duration of the agreement.
- Insurance:
• Prepare insurance coverage specification and market programs prior to expiration of policies, indicating in writing markets being approached, coverage and deductible/retention options being considered.
• Act as a liaison and advocate for the county with the underwriters and claims staff.
• Provide all carrier quotations received from the carrier underwriters with detailed recommendations to the county of which proposal would best meet the county’s needs concerning coverage and cost.
• Provide renewal and unbiased alternate insurance proposals no later than 30 days prior to the expiration of the current policies.
• Provide a market forecast by line of coverage during the county’s budgeting period.
• Obtain from the county the necessary information and prepare applications required by insurers.
• Verify the accuracy and adequacy of policies, endorsements, coverage, and premiums, noting in writing any variations from the previous year or from conformance with specifications and any negotiations conducted with underwriters.
• Assist in determining proper limits and coverage for exposures common to counties and specific to county.
• Assess insurance company stability, solvency, and service records.
• Deliver insurance policies or binders at the beginning of the term of coverage.
• Accurately amend (with approval) policies as needed.
• Upon request, provide timely verbal or written interpretation of coverage.
• Represent the county in communications with carriers regarding coverage issues.
• Review insurance carrier recommendations for appropriateness.
• Assist with securing the statutory bonds of elected officials as county employees.
• Present options and proposals at a meeting of the county board as needed prior to annual renewal.
- Contract Period/Term: 2 years
- Questions/Inquires Deadline: April 09, 2025

Timeline

RFP Posted Date: Tuesday, 01 Apr, 2025
Proposal Meeting/
Conference Date:
NA
NA
Deadline for
Questions/inquiries:
Wednesday, 09 Apr, 2025
Proposal Due Date: Thursday, 17 Apr, 2025
Authority: Government
Acceptable: Only for USA Organization
Work of Performance: Offsite
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