Specifications include, but are not limited to: Professional services to provide third party administration for the workers’ compensation claims. The selected broker will assist the State of Delaware in the design, negotiation, and implementation of a comprehensive insurance program for the State of Delaware. This program should include, but not be limited to, the following: 1. Brokerage Service Team shall invest the time to study and obtain a full understanding of the State of Delaware’s operations and exposures. 2. Broker shall perform an analysis of the current insurance coverage to correct any deficiencies that may exist and shall act as broker for the policies currently in force. 3. Broker shall develop a comprehensive Underwriting Submission outlining the State of Delaware’s exposures and operations. 4. Broker shall negotiate comprehensive insurance program alternatives with multiple insurance carriers for review by the State of Delaware. The alternatives should allow comparison between Guaranteed Cost Programs and those programs that include some degree of “self-insurance” (where/if appropriate). 5. Brokerage shall present a comprehensive Insurance Proposal for review prior to placement of coverage.
