ESTATE-4058 - USA (Bridgewater, New Jersey) - Risk Manager Property and Casualty Service - Deadline January 29,2021

Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID: ESTATE-4058

Government Authority located in Bridgewater, New Jersey; USA based organization looking for expert vendor for risk manager property and casualty service.

[A] Budget: Looking for Proposals

[B] Scope of Service:

Vendor needs to provide risk manager property and casualty service to the government authority located in Bridgewater, NJ.
- Assistance with the development of long-range insurance strategies;
- Management of aspects of township insurance program for which the broker is retained;
- Review of insurance policies and contracts to ensure adequate coverage for which the broker is retained;
- Recommendations and assistance in the procurement of insurance coverage, including preparation of any required RFP’s;
- Analysis of proposals in connection with insurance procurement, including, but not limited to, establishing selection criteria, recommending marketplaces, evaluation of proposals and involvement in the selection process;
- Identification and analysis of risks arising out of current and future operations;
- Preparation of specifications for quotations every three (3) years or sooner, as required by the township;
- Loss control and safety review services as applicable;
- Coordination of appraisals of physical assets to determine proper insurable values, limits required and special terms required by the township as required;
- Continuous review and analysis of loss information from current and prior insurance companies and presentation of findings to the township;
- Review of contracts for insurance compliance;
- Acting as liaison between the Township and insurance carriers, brokers, providers, or claimants;
- Monitoring, review and presentation of data to help manage claims on all current and future policies;
- Review and analysis of rating classifications on various insurance contracts to determine the most beneficial ones to utilize;
- Continuous review and analysis of insurance coverage and policies to keep up with industry changes, continuing operations and growth;
- Research and analysis of alternatives to current risk funding mechanisms to meet the changing needs of the township;
- Preparation of all certificates of insurance, automobile identification cards and other required documents within 24 hours of the township’s request;
- Notification of township staff as to local, state and federal regulations and recommendations for compliance as required;
- Participation in on-going meetings with township staff to review losses, safety recommendations, government regulations, insurance requirements, etc.;
- Review of audits of current and previous policies for accuracy and potential premium savings;
- Performance of self-insurance feasibility studies where applicable and recommendations to township staff;
- Identification of areas of risk and the associated strengths and weaknesses of the township to manage those risks;
- Assistance in the development of alternative strategies to reduce risk to assets and resources;
- Consultation as to the probable impact of strategies elected by the township;
- Provision of monitoring feedback via loss runs and associated analysis to verify the adequacy of the controls selected as well as checks for negative trends which may require corrective action.

[C] Eligibility:

- Onshore (USA Organization Only);

[D] Work Performance:


Expiry Date : Friday, 29 January, 2021

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

Country : USA

State : New Jersey

RFP Expired

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