Respondent will provide insurance consulting services to the Board including, but not necessarily limited to: assisting the Board in identifying its insurable exposures and recommending professional methods to reduce, assume or transfer the risk or loss; assisting the Board in understanding and selecting the various coverages available; reviewing with the Board any additional coverages that the Respondent feels should be carried but are not available; assisting the Board in the preparation of any application, statements of values, or similar documents requested; reviewing the Board’s assessment and assisting the Board in the preparation if its annual insurance budget; reviewing the loss and engineering reports and generally assisting the Board in its loss containment objectives; assisting where needed in the settlement of claims made; and any other services relating to insurance consulting that may be required by the Board.
