The insurance consultant/broker will be required to perform, as applicable, but not limited to, the following services: a. Assistance with the development of long-range insurance strategies; b. Management of aspects of Long Branch City’s insurance program for which the broker is retained; c. Review of insurance policies and contracts to ensure adequate coverage for which the broker is retained; d. Recommendations and assistance in the procurement of insurance coverage, including preparation of any required RFP’s; e. 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; f. Identification and analysis of risks arising out of current and future operations; g. Preparation of specifications for quotations every three (3) years or sooner, as required by the City; h. Loss Control and Safety Review Services as applicable; i. Coordination of appraisals of physical assets to determine proper insurable values, limits required and special terms required by the City as required; j. Continuous review and analysis of loss information from current and prior insurance companies and presentation of findings to the City; k. Review of contracts for insurance compliance; l. Acting as liaison between the City and insurance carriers, brokers, providers, or claimants; m. Monitoring, review and presentation of data to help manage claims on all current and future policies.
