ESTATE-2601 - USA (Mount Laurel, New Jersey) - Insurance Brokerage Services - Deadline October 4,2019

Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID: ESTATE-2601

Government authority located in Mount Laurel, New Jersey; USA based organization looking for expert vendor for insurance brokerage services.

[A] Budget: Looking for Proposals

[B] Scope of Service:

(1) Vendor needs to provide insurance brokerage services to the government authority located in Mount Laurel, NJ.
- The proposer must act as an independent insurance and risk transfer advisor to NJSIG and provide unbiased risk transfer advice that is in the best interests of NJSIG and its membership;
- The proposer must obtain and retain documentation of a minimum of two competitive quotations for insurance per line of coverage / coverage specialty per policy year by March 1 prior to the policy year;
- The proposer must provide ongoing professional advice and recommendations regarding the sufficiency of insurance policies based on the relevant risks and market conditions, including analysis of whether any gaps exist in current risk transfer mechanisms;
- The proposer must provide a detailed timeline of the insurance acquisition process for each policy year;
- The proposer must be able to travel to NJSIG’s offices a minimum of four times each year to conduct in person strategy meetings regarding coverage selection and placement;
- The proposer must continuously monitor NJSIG’s operational and loss exposures and make appropriate risk transfer recommendations based on this information;
- The proposer must provide market research;
- The proposer shall be capable of handling all invoicing on a broker/agency billing model, and must verify and reconcile all carrier invoices to ensure their accuracy based on rates and exposures prior to requesting payment from NJSIG. This includes verifying all deposit invoices, as well as true-up invoices.
- The proposer must agree to the special contractual provisions contained herein.
(2) All question must be submitted no later than September 13, 2019.

[C] Eligibility:

Onshore (USA Only)

[D] Work Performance:

Performance of the work will be Offsite. Vendor needs to carry work in their office location.

Expiry Date : Friday, 4 October, 2019

Question Answer Deadline : Friday, 13 September, 2019

Category : Real Estate, Brokerage Services, Maintenance, Repair and Alteration of Property, Data Research and Analytics

Country : USA

State : New Jersey

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