Specifications include, but are not limited to: Risk exposure analysis General advice and claims assistance for general liability, automobile liability, automobile physical damage, Public Officials’ liability, police professional liability, property, crime and boiler and machinery, and other typical liability insurance items. The selected firm shall provide the following services: 1. Prepare annual marketing strategy reports identifying anticipated market conditions and proposing a marketing strategy for the City’s major loss exposure areas prior to policy renewal. 2. Assist in developing underwriting data and specifications for renewal negotiations. 3. Assist in providing value trends for property insurance. 4. Select insurance markets and evaluate coverage quotations. 5. Market insurance policies, including preparation of quality marketing submissions and development of coverage specifications. 6. Provide advice to City Administration on ways to strengthen City loss prevention and safety programs through having a Risk Consultant. 7. Obtain bids from the insurance industry and negotiate the best terms and coverage for the various exposure areas. 8. Fully document marketing of insurance coverages, including declinations received from insurance carriers. 9. Exhibit the knowledge of and willingness to work with alternative risk coverage providers. 10. Evaluate the commitment and financial stability of the insurance companies or alternative coverage providers and make recommendations to the City Administration.
