The vendor is required to provide that insurance brokerage services to the county, to include but not limited to: insurance placement and servicing; risk exposure analysis; general advice; claims assistance; and quarterly claims reporting.
- Lines of insurance coverage: placement of property and casualty insurance for exposures include but are not limited to:
• General liability
• Law enforcement liability
• Automobile liability
• Public officials’ liability
• Pollution liability
• Property
• Inland marine
• Healthcare general liability
• Healthcare professional liability
• Umbrella and excess liability
• Crime
• Cyber
• Additional lines of coverage as needed and requested by the county.
- The county, prepare appropriate applications, administer the placement of coverage and provide original binders, policies and endorsements as required in the timetable specified by the county.
- Advise and place the county's insurance, including but not limited to general liability, property, boiler and machinery, inland marine, police officer liability, auto liability and excess coverage.
- Based on the insurance coverage selected by the county, organize, develop and present to markets the county insurance coverage requirements and obtain bids from responsible insurers for that coverage.
- Analyze proposals received from various insurance companies and other parties, negotiate changes for the benefit of the county and verify the reasonableness of the price for the coverage provided.
- Provide the county with a summary of various insurance program options, including but not limited to limits, coverage(s), retention levels, terms, conditions, payment options and self- insurance.
- Make recommendations to the county as to the most advantageous insurance program providing the highest level of coverage at the best possible price to meet the county's needs and objectives.
- Provide analysis and recommendations as to the most cost-effective means for addressing the county's exposures.
- The county in all negotiations with insurers, underwriters and other parties with regard to the insurance program.
- Provide extensive review of binders and policies including verification of conformity to specifications. request any necessary endorsements/changes/revisions that may be required.
- Monitor and update coverages, place additional coverages and terminate existing coverages as required by the county.
- Prepare comparisons of costs to other similar communities.
- Consult with the county regarding the effectiveness of the program, review proposed changes and new coverages in anticipation of the next year’s insurance program, including but not limited, to the evaluation of alternative insurance and/or risk financial proposals.
- Annually analyze similarly situated municipal government requirements for vendors and advise the county on questions of insurance both as to coverage for the county itself and as to insurance to be obtained from various contractors and agencies doing business with/for the county.
- Consult with department supervisors on coverage, risk reduction and risk transfer costs.
- Identify, study, and analyze feasible cost saving alternative methods of insuring and managing county risks.
- Monitor insurance companies for financial solvency.
- Disclose all fees, commissions, and any compensation received in return for placement of all of the county’s various insurance policies.
- Broker must possess and keep in force all licenses and permits required to perform the services.
- Broker shall observe and obey all pertinent laws, ordinances, rules, and regulations of federal, state and local governments.
- Contract Period/Term: 3 years
- Questions/Inquires Deadline: March 07, 2025