• Evaluate existing insurance contracts, claims history and make written recommendations concerning any changes, modification, consolidations or additions to existing coverage necessary to protect the interests of the Town. • To solicit and negotiate with insurance companies for a program to provide the specific insurance coverage for the Town of Newington, based upon specifications prepared by the Town of Newington Standing Insurance Committee. • To disclose all price quotes received to the Standing Insurance Committee and to state in writing why a particular insurer is being recommended. • To place the Town’s insurance coverage with the carriers and for the products as directed by the Town in a timely manner to ensure there is no lapse in coverage. • To purchase all of the Town’s coverage ex-commission. • Identify programs, products and insurers capable of meeting the Town’s insurance needs and prepare bid specifications capable of properly quoting insurance renewals. • Act as an advisor to the Town for any specialty insurance coverage that may be outside the normal market of the selected broker • Present to the Town in a clear and understandable format, a written evaluation of the results from each insurance quotation submitted in addition to a comprehensive financial analysis and recommendation for selection of an insurer for each type of risk. • Design alternative approaches utilizing retention, amount subject to coverage, probable maximum loss based on loss history and potential, market availability, and cost effectiveness
