The Vendor is required to provide insurance and risk management consulting services from prospective firms.
- Provide that is highly skilled and fully knowledgeable of the municipal liability-auto-property (LAP) and workers’ compensation insurance field and takes a proactive approach in advising the town on all aspects of its coverage.
- Annual review of Workers Compensation prospective funding and underwriting renewal analysis including but not limited to the examination of claims experience, administrative services, legislative updates, network discounts, billing rate tiers resulting in effective and constructive negotiations with vendors.
- Review current experience, claims, and market trends, and assist in negotiating cost savings & renewal premiums with insurance providers on an as needed basis.
- Review Workers Compensation injuries and make recommendations to control losses.
- Coverages are currently in force and are renewed annually:
• General liability
• Personal injury
• Medical payments
• Automobile liability
• Uninsured/Underinsured motorists
• Employee benefits
• Law enforcement liability
• Public Officials’ liability
• School leaders’ liability
• Excess liability
• Property
• Automobile physical damage
• Equipment breakdown
• Crime
• International travel
• Worker’s Compensation
- Periodically review the liability and workers’ compensation insurance plans, claims, and fees and provide a reasonability analysis in comparison with industry norms.
- Attendance at safety committee meetings as required.
- Assist Risk Management in the development of property and casualty and workers’ compensation premium estimates to be incorporated into the annual budget, including attendance at leadership and/or public meetings.
- Audit all policies, endorsements, rating adjustments, etc.
- Ongoing risk/loss exposure identification, with suggestions for appropriate insurance and non-insurance treatment.
- Recommend proper limits, deductibles and coverage for exposures common to municipalities and specific to the Town of Bloomfield; provide unbiased and advantageous alternatives.
- Contract Period/Term: 3 years
- Questions/Inquires Deadline: May 22, 2025