Specifications include, but are not limited to: 1. Coverage design - Advise and assist the City in evaluating, selecting among coverage alternatives and projecting premium levels and underwriting factors involved in the insurance program structure. Advise the City on potential gaps or overlaps in coverage. 2. Insurance procurement – Coordinate insurance renewal based on coverage design. Assist the City with compiling and review of required underwriting information. Develop insurance specifications. Prepare formal submissions. Serve as the intermediary between the City and insurance carriers, obtain quotes, negotiate prices, and recommend placement. The primary goal of insurance procurement is to ensure the most cost-effective coverage while adequately addressing risk factors. 3. Administrative assistance – Support for claims and litigation, review of contractor insurance coverage and risk identification and measurement facilitation Review coverage documents and invoices to assure coverage has been correctly issued and billed. Assist with reviewing claims submissions. Ensure the renewal process for expiring coverage is begun timely. Advise of changes in the marketplace and legislative updates. Monitor insurance company solvency.