Specifications include, but are not limited to: A. Analyze the insurance needs of the Entity and provide written recommendations for change where appropriate or dictated by changing exposures, market conditions, and/or laws. B. Organize renewal information and prepare insurance specifications. C. Conduct a review of the Entity’s Statement of Values (SOV) and complete an on-site visit of the locations listed on the SOV on an annual basis. D. Obtain coverage/policy documents from coverage providers and provide them to the Entity in a timely fashion. Keep the Entity apprised of any delays. E. Review all binders, coverage documents, and endorsements to ensure coverage is as intended. Verify the accuracy of all coverage documents and invoices before delivery. F. Maintain a summary of all coverage lines and endorsements. This should identify the type of coverage, coverage provider name, policy/coverage period, and a brief synopsis of the coverage features, limits, deductibles, and contributions/premiums. Summary listings must be updated as revisions/changes occur. G. Oversee and coordinate all relevant services performed by coverage providers/underwriters or any related service agencies. H. Place, cancel, and otherwise handle, at the direction of and benefit of the Entity, all coverage placements, binders, policies, and endorsements in a timetable that avoids lapses in coverage. I. Assist the Entity in the submittal of claims to coverage provider(s). Interface with the provider when coverage issues arise. J. Perform administrative and clerical services relative to account management, including but not limited to Issuance of certificates of insurance and verification of the accuracy of bills, audits, and all payment/contribution adjustments.
