Specifications include, but are not limited to: A licensed and qualified commercial insurance broker to procure and service a full suite of commercial insurance products and provide advisory services to ensure adequate coverage and risk mitigation. Anticipated contract term will be a total of (5) years and compensation will be on a fixed-fee basis. • Provide full-service insurance brokerage and advisory services to Regional School District #17 (RSD17). RSD17 serves approximately 1,800 students from the towns of Haddam and Killingworth with an annual budget of about $50M. • Procure and manage, utilizing a best value approach, the following policies on behalf of the district: Property, General Liability, Inland Marine, Crime, Storage Tank Liability, Cyber, Umbrella, Auto, Educator’s Legal, Workers Compensation, Student Accident, and any other products that would be applicable to a regional school district. • Advise RSD17 on adequate limits and coverages based on experience with similar organizations. • Provide a benchmarking report at least annually to support coverages and limits. • Produce experience modification rating on an annual basis. • Review audited and internal financial statements on a quarterly basis to identify/assess any risks or exposures, and provide mitigation guidance. • Conduct a minimum of (4) portfolio review meetings per year, including at least (2) in-person meetings, with the firm’s core team assigned to the RSD17 account. • Provide prompt service and 24/7 dedicated claims support from a local team staffed at an adequate level to handle all potential insurance issues that face a regional school district.
