Posted Date : January 19,2021
Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID : ESTATE-4027
Government Authority located in Norwich, Connecticut; USA based organization looking for expert vendor for commercial insurance broker services.
[A] Budget: Looking for Proposals
[B] Scope of Service:
Vendor needs to provide commercial insurance broker services to the government authority located in Norwich, CT.
- Gather all requisite exposure data and loss data from the City for use in the development of coverage specifications.
- Prepare coverage specifications and submit the same to the Purchasing Agent for review and approval.
- Submit coverage specifications, as approved by the Purchasing Agent, to insurance carriers for consideration, utilizing all marketing facilities, and canvass all of the markets in-depth for competitive proposals.
- Negotiate with interested insurance carriers to obtain the most favorable rates and premiums available to the City under the existing market conditions.
- Submit all proposals received from insurance carriers to the Purchasing Agent, together with the Firm’s written recommendations, which shall state in detail satisfactory to the Purchasing Agent the reasons for the Firm’s recommendation selection or course of action and the reasons for not selecting other available options or pursuing other courses of action.
- Act upon the selected course of action/program and purchase and put forth into full force and effect without any lapse of coverage the necessary policies and coverages on behalf of the City and work with City personnel and the insurance company’s personnel to ensure a smooth transition, when necessary.
- Monitor and update coverages and place additional coverages and terminate existing coverages as required by the City.
- Issue certificates of insurance as required by the City.
- Consult with the Purchasing Agent 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.
- Advise the Purchasing Agent on questions of insurance both as to coverage for the City itself and as to insurance to be obtained from various contractors and agencies doing business with/for the City.
- Advise the Purchasing Agent whenever new coverages become available and consult with the Purchasing Agent or designee of the Purchasing Agent regarding the advisability of obtaining such coverages.
- Meet with the Purchasing Agent and discuss the coverage obtained by the Firm.
[C] Eligibility:
- Onshore (US Organization Only);
[D] Work Performance:
NA
Budget :
Deadline to Submit Proposals: February 17,2021
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-4027
Government Authority located in Norwich, Connecticut; USA based organization looking for expert vendor for commercial insurance broker services.
[A] Budget: Looking for Proposals
[B] Scope of Service:
Vendor needs to provide commercial insurance broker services to the government authority located in Norwich, CT.
- Gather all requisite exposure data and loss data from the City for use in the development of coverage specifications.
- Prepare coverage specifications and submit the same to the Purchasing Agent for review and approval.
- Submit coverage specifications, as approved by the Purchasing Agent, to insurance carriers for consideration, utilizing all marketing facilities, and canvass all of the markets in-depth for competitive proposals.
- Negotiate with interested insurance carriers to obtain the most favorable rates and premiums available to the City under the existing market conditions.
- Submit all proposals received from insurance carriers to the Purchasing Agent, together with the Firm’s written recommendations, which shall state in detail satisfactory to the Purchasing Agent the reasons for the Firm’s recommendation selection or course of action and the reasons for not selecting other available options or pursuing other courses of action.
- Act upon the selected course of action/program and purchase and put forth into full force and effect without any lapse of coverage the necessary policies and coverages on behalf of the City and work with City personnel and the insurance company’s personnel to ensure a smooth transition, when necessary.
- Monitor and update coverages and place additional coverages and terminate existing coverages as required by the City.
- Issue certificates of insurance as required by the City.
- Consult with the Purchasing Agent 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.
- Advise the Purchasing Agent on questions of insurance both as to coverage for the City itself and as to insurance to be obtained from various contractors and agencies doing business with/for the City.
- Advise the Purchasing Agent whenever new coverages become available and consult with the Purchasing Agent or designee of the Purchasing Agent regarding the advisability of obtaining such coverages.
- Meet with the Purchasing Agent and discuss the coverage obtained by the Firm.
[C] Eligibility:
- Onshore (US Organization Only);
[D] Work Performance:
NA
Budget :
Deadline to Submit Proposals: February 17,2021
Cost to Download This RFP/RFQ/RFI/Solicitation/Tender/Bid Document : 5 US$