Workers Compensation Services

The vendor required to provide workers’ compensation risk programs to joint insurance funds or self-insured governmental entities and must quantify the results achieved.
- The responder shall demonstrate experience and knowledge of:
•    Servicing insurance producers appointed by local entities and winning their confidence in the placement and management of workers’ compensation insurance programs; 
•    The workers’ compensation insurance and reinsurance requirements of local governmental entities, including excess workers’ compensation structures, retention layers, and statutory coverages; 
•    Regulations of the department of banking and insurance and the department of community affairs pertaining to joint insurance funds; 
•    Workers’ compensation claims trends, medical cost containment programs, and loss control coordination for public entities; and 
•    Developing and maintaining long-term relationships with major excess workers’ compensation insurers and reinsurers that serve governmental entities.
- The responder shall designate the following minimum personnel for the engagement:
•    An officer with experience as an underwriting manager for a joint insurance fund or comparable experience in workers’ compensation insurance programs; and 
•    Support staff qualified to perform issuance of certificates of insurance, coverage documentation, and coordination of reinsurance renewals.
- The responder shall have the computer systems required to issue insurance certificates and to manage underwriting, coverage documentation, and reporting functions for workers’ compensation exposures and excess placements. 
- The responder shall not be engaged as or have an interest in a service provider to a joint insurance fund in competition with the fund or any of its affiliated joint insurance funds.
- Requirement:
•    Marketing, negotiating, and placing excess workers’ compensation insurance and reinsurance coverage as directed by the fund’s board of fund commissioners or its designee; 
•    Reviewing loss data, payroll audits, and exposure bases to support premium allocation and actuarial forecasting;
•    Preparing annual premium schedules and renewal documentation for excess workers’ compensation coverage; 
•    Coordinating coverage documents and filings related to workers’ compensation; 
•    Providing underwriting support to the executive director and administrator, claims administrator, and safety director on matters relating to workers’ compensation exposures and retention levels; and 
•    Performing such other functions as may be reasonably required by the fund or by statute and regulation.

- Contract Period/Term: 5 years
- Questions/Inquires Deadline: November 25, 2025