Specifications include, but are not limited to: 1. Conduct a detailed survey of the City's insurance exposures in order to have the necessary knowledge to market the appropriate coverage to the insurance companies. 2. Submit a marketing report, including all quotes requested and received along with corresponding analysis and recommendations. 3. Market and place insurance coverage: identify and measure risk, then peripherals services: a. Loss prevention b. Claims resolution 4. Prepare an annual summary of insurance which includes a detailed schedule of insurance, premiums, loss history and any recommendations regarding the insurance program. 5. Provide trended values for property insurance policies. 6. Issue all Certificates of Insurance required by the City. Maintain a list of certificate holders so that annual reviews will include a new issuance of certificates. 7. Be available to attend Council meetings or other meetings when the firm's presence is desired. 8. Be available to meet with City personnel in order to discuss insurance issues and concerns regarding the insurance program. 9. Service existing insurance policies by reviewing coverage issues, reporting values, processing policy changes, etc. in a timely manner. 10. Schedule periodic meetings to discuss loss control issues, exposure changes and general administrative matters. 11. Provide loss prevention/safety consulting services. 12. Cooperate fully with the City's Risk Manager and attorneys on any issues regarding claims, coverage or other legal issues involving the insurance program. 13. Assist the City with claims with insurance companies or possibly third party administrators. 14. Assist the City with any cost containment programs. 15. Assist the City in establishing and maintaining proper liaisons among the insurance companies. 16. Review loss history data in order to better forecast losses and identify loss trends. 17. Continue to evaluate the overall risk management program for the City. 18. Broker(s) will report to the City's Risk Manager and the City Attorney’s Office.
