The vendor is required to provide from insurance brokers interested in providing broker services with regard to community property, general liability, excess liability, crime and workers’ compensation coverages.
 - Advise and consult with mcc on risk management issues.
- The college desires to employ a broker who will be able to perform the following:
• Perform a periodic review (no less than annually) of community insurance programs, specific coverage(s), loss data, and risk management measures; and make recommendations to mcc with respect to the need for ancillary insurance/risk management services, additional coverage and modifications, updating, upgrading, or termination of existing coverage(s).
• This would include an annual recommendation concerning changes in terms, conditions, limits of coverage, and recommended retention levels based on industry practices and supported by the broker’s analyses and rationale.
• This service will include comprehensive assistance and guidance in completing the insurance application process in a timely fashion.
• With respect to workers’ compensation, the ideal broker will be able to secure/evaluate multiple plan strategies including retrospective rating, dividend, guaranteed cost, etc.
• Provide a detailed report of solicited policy renewal options available to mcc.
• Provide examination and approval of issued policies for conformity with community specification, the carrier's proposal, and industry best practices.
• Develop an annual stewardship report, including a schedule of insurance, policy summaries, review of past year's activities and outlook for coming year's market conditions.
• Assist mcc in drafting insurance specifications for contracts and agreements as requested.
• Provide insurance certificates, as needed, to others pertaining to community coverage.
• Advise mcc regarding new developments in the field of insurance and risk management.
• Monitor the loss control assistance provided by community insurers, evaluate submitted recommendations by the carrier(s) and negotiate amendments when appropriate.
• Monitor the claims services provided by community insurers, assist the college in adjusting and settling claims, including the preparation of proofs of loss on a timely basis as required by the insurer.
• The selected broker will be expected to work in partnership with mcc staff to perform the following services:
o Provide general problem-solving throughout the plan year.
o Perform any other duties critical to the proper formation of an insurance and risk management program in support of best practices at the college.
o Develop cost-saving strategies, financial impact modeling and sensitivity analyses at least annually for review by management.
- The college’s fiscal year is September 1 – august 31 with an expected 2025-26 operating budget of approximately $120 million.
- Questions/Inquires Deadline: May 09, 2025