Specifications include, but are not limited to: • Obtain a good understanding of our business and risk issues. Design policies and programs most advantageous to GRTC for coverages of exposures, policy form ,exclusion ,deductible, self -insurance retentions, cost, and other pertinent factors. • Preparation of Request for Proposal documents to market the various lines of insurance coverage. Responsible for the evaluation of proposals from insurance carriers and provide written analysis to GRTC. • Services must include market research, policy endorsements, certificate of insurance and coverage consultation on claims. • Conduct contract negotiations with reputable and financially responsible Carriers and provide a thorough presentation. • Review insurance policies and other documents for accuracy and consistency. Ensure the intended coverage is provided. • Assure that policies are placed in a timely manner, without lapses in coverage periods. • Develop detailed reports for GRTC showing claims experience and utilization. • Provide all claims reporting instructions for each line of coverage. Assist, as necessary with filing claims. • Issues certificates of insurance when requested. • Assist in reporting subsequent changes in information to insurance companies and service providers.
