Posted Date : November 25,2020
Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID : ESTATE-3889
Government Authority located in Chattanooga, Tennessee; USA based organization looking for expert vendor for insurance brokerage services.
[A] Budget: Looking for Proposals
[B] Scope of Service:
Vendor needs to provide professional insurance brokers who shall subsequently be assigned the responsibility of obtaining the most adequate and financially responsible Property Coverage, Commercial Automobile Coverage, Out of State Excess Auto Liability Insurance covering all City owned vehicles, inclusive of hired vehicles, General and Auto Liability for Youth and Family Development Head Start, Public Officials Bonds, YFD Athletic Liability, and any other required coverages to the government authority located in Chattanooga, TN.
- Commercial Automobile Coverage, including Auto Liability, Medical Payments, and Uninsured Motorist Coverages are to be provided on a scheduled vehicle basis; some of the scheduled vehicles will require Comprehensive Coverage and Collision Coverage. As the schedule of vehicles is subject to change, the current schedule will be provided to the selected broker prior to placement of coverage. Complete drivers list information is available; however, this is protected information and will only be provided to the firm selected to represent the City as their insurance broker for these specified automobile policies.
- Program administration shall include, but not be limited to the following:
1. Act as an independent insurance advisor to the City and proactively provide ongoing unbiased professional advice and recommendations that benefits the City.
2. Proactively provides ongoing review and analysis of the City’s insurance programs and identification of risk transfer and risk financing options.
3. Be familiar with the major exposures of the City.
4. Be familiar with the coverage provided by all relevant insurance policies and documents issued to the City.
5. Assure that insurance policies are placed in a timely manner, without lapse in coverage periods, with reputable and financially responsible insurers.
6. Provide service for the insurance policies placed for the City including processing all changes, endorsements and verifying the accuracy of invoices within a reasonable time.
7. Provide early notice of rate and coverage changes or renewal problems through a process to be mutually agreed upon with the City.
8. Assure all policies purchased are reviewed by Broker and policies are provided to the City before renewal date or within 30 days of receipt.
9. Provide loss runs annually and provide a loss analysis when requested for each policy written 45 days prior to renewal.
10. Upon request of the City, but at least once a year, provide a comprehensive report that reviews all of the City’s insurance programs.
11. Through a mutually agreed upon process, monitor the City’s operations and loss exposures and make any appropriate recommendations for coverage changes or new coverage.
12. Be available to answer questions or obtain answers from underwriters for policy coverage questions.
13. Meet with City staff and designated representatives as reasonably requested
14. Provide consultation service and written reports as normally expected of a professional broker to a client.
15. Provide loss control services and assistance with claims as requested by the City.
16. Assist in analyzing loss exposures from existing and new operations and determine the appropriate risk management alternatives, including types, availability, costs and extent of coverage that should be considered. In determination of extent of coverage, assist in analysis of appropriateness of insured values placed on real properties.
[C] Eligibility:
- Onshore (USA Organization Only);
[D] Work Performance:
Performance of the work will be Offsite. Vendor needs to carry work in their office location.
Budget :
Deadline to Submit Proposals: December 15,2020
Cost to Download This RFP/RFQ/RFI/Solicitation/Tender/Bid Document : 5 US$
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Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID : ESTATE-3889
Government Authority located in Chattanooga, Tennessee; USA based organization looking for expert vendor for insurance brokerage services.
[A] Budget: Looking for Proposals
[B] Scope of Service:
Vendor needs to provide professional insurance brokers who shall subsequently be assigned the responsibility of obtaining the most adequate and financially responsible Property Coverage, Commercial Automobile Coverage, Out of State Excess Auto Liability Insurance covering all City owned vehicles, inclusive of hired vehicles, General and Auto Liability for Youth and Family Development Head Start, Public Officials Bonds, YFD Athletic Liability, and any other required coverages to the government authority located in Chattanooga, TN.
- Commercial Automobile Coverage, including Auto Liability, Medical Payments, and Uninsured Motorist Coverages are to be provided on a scheduled vehicle basis; some of the scheduled vehicles will require Comprehensive Coverage and Collision Coverage. As the schedule of vehicles is subject to change, the current schedule will be provided to the selected broker prior to placement of coverage. Complete drivers list information is available; however, this is protected information and will only be provided to the firm selected to represent the City as their insurance broker for these specified automobile policies.
- Program administration shall include, but not be limited to the following:
1. Act as an independent insurance advisor to the City and proactively provide ongoing unbiased professional advice and recommendations that benefits the City.
2. Proactively provides ongoing review and analysis of the City’s insurance programs and identification of risk transfer and risk financing options.
3. Be familiar with the major exposures of the City.
4. Be familiar with the coverage provided by all relevant insurance policies and documents issued to the City.
5. Assure that insurance policies are placed in a timely manner, without lapse in coverage periods, with reputable and financially responsible insurers.
6. Provide service for the insurance policies placed for the City including processing all changes, endorsements and verifying the accuracy of invoices within a reasonable time.
7. Provide early notice of rate and coverage changes or renewal problems through a process to be mutually agreed upon with the City.
8. Assure all policies purchased are reviewed by Broker and policies are provided to the City before renewal date or within 30 days of receipt.
9. Provide loss runs annually and provide a loss analysis when requested for each policy written 45 days prior to renewal.
10. Upon request of the City, but at least once a year, provide a comprehensive report that reviews all of the City’s insurance programs.
11. Through a mutually agreed upon process, monitor the City’s operations and loss exposures and make any appropriate recommendations for coverage changes or new coverage.
12. Be available to answer questions or obtain answers from underwriters for policy coverage questions.
13. Meet with City staff and designated representatives as reasonably requested
14. Provide consultation service and written reports as normally expected of a professional broker to a client.
15. Provide loss control services and assistance with claims as requested by the City.
16. Assist in analyzing loss exposures from existing and new operations and determine the appropriate risk management alternatives, including types, availability, costs and extent of coverage that should be considered. In determination of extent of coverage, assist in analysis of appropriateness of insured values placed on real properties.
[C] Eligibility:
- Onshore (USA Organization Only);
[D] Work Performance:
Performance of the work will be Offsite. Vendor needs to carry work in their office location.
Budget :
Deadline to Submit Proposals: December 15,2020
Cost to Download This RFP/RFQ/RFI/Solicitation/Tender/Bid Document : 5 US$