Summary of Specifications:
A.INTRODUCTION / BACKGROUND
The City of Miami Beach is seeking to enter into a professional services agreement for insurance broker services. The City self-insures for most liability exposures and worker's compensation and currently purchases the following insurance utilizing the services of the insurance broker, Arthur J. Gallagher and Co.
Exposure/Type Annual Premium Property (all risk: includes windstorm with sub-limit of $10 million) $ 1,455,787 Boiler and machinery $ 16,332 Flood (NFIP) $ 361,104 Underground storage tank $ 5,023 Fine arts (including special exhibits) $ 44,005 Crime $ 2,615
The purpose of this RFQ is to select a qualified insurance broker(s) with whom the City may negotiate a contract for services, including applicable fees or commissions.
B. RFQ TIMETABLE
The tentative schedule for this RFQ is as follows:
RFQ Issued - December 12, 2013 Pre-Proposal Meeting - January 7, 2014 Deadline for Receipt of Questions - January 14, 2014 Proposals Due - January 24, 2014 Evaluation Committee Review - To Be Determined Tentative Commission Approval Authorizing Negotiations - To Be Determined Contract Negotiations - Following Commission Approval
Statewide