ESTATE-2781 - USA (Pittsburgh, Pennsylvania) - Insurance Consulting and Brokerage for Excess Workers Compensation - Deadline December 11,2019

Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID: ESTATE-2781

Government Authority located in Pittsburgh, Pennsylvania; USA based organization looking for expert vendor for insurance consulting and brokerage for excess workers compensation.

[A] Budget: Looking for proposal

[B] Scope of Service:

(1) Vendor needs to provide Insurance consulting and brokerage services to assist in obtaining excess
worker's compensation insurance. Brokerage and consulting services must be provided for annual policy renewals and on an as needed basis. The selected broker must provide a thorough renewal presentation each year with policy recommendations to include an analysis of available alternatives in consideration of the city exposures. Brokerage services must also include market research, policy endorsements, certificates of insurance, and coverage consultation on city claims. Broker would also advocate with insurance companies on behalf of the city and advise on a continuing basis and in a timely manner on any and all significant matters and developments regarding the process of carrier service issues to the government authority located in Pasadena, PA.
(2) Broker's responsibilities and Expectations:
•Assist in designing the most cost-effective risk-financing including the review of retention levels, insurance limits and the marketing of the city coverage for placement in the excess or reinsurance marketplace.
•Report to the city in March of the best estimate of program insurance renewal premiums for each program for the June renewal.
•Meet with the city in the first calendar quarter before the renewal period for a renewal strategy meeting which will include an analysis of market conditions and recommendations for renewal in June
•Prepare renewal specifications for review by the city. Broker shall prepare a summary comparing last year’s coverage with impending renewal proposals, identifying any differences with respect to the program.
•Verify accuracy and adequacy of excess or reinsurance contracts, endorsement and invoices including a review of city coverage documents.
•Assist city in identifying and evaluating existing and emerging exposures of risk for the program. •Partner with city workers compensation third party administrator and or internal staff as an advocate in presenting program claims to excess of loss or reinsurance companies as requested.
•Manage all claims on excess insurance, and provide technical assistance, as requested on member claims.
•Maintain written records for the Program, including records of marketing packages, polices, premiums, audits, loss data and any other pertinent information affecting coverage placed by broker.
•Be available up on reasonable notice to meet with city’s members, officers, committees and staff as necessary at broker’s expense.
•Provide any other related services deemed appropriate by the city and/or Broker.
(3) All questions must be submitted no later than November 27, 2019.
(4) Contract period will be for one year.

[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 : Wednesday, 11 December, 2019

Question Answer Deadline : Wednesday, 27 November, 2019

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

Country : USA

State : Pennsylvania

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