The Borough of Watchung desires to appoint a Risk Management Consultant who will be responsible for assisting the Borough in identifying its insurable exposures and to recommend professional methods to reduce, assume or transfer the risk loss. The Consultant shall review with the Borough any additional coverage’s that the Consultant feels should be carried but are not available from the Fund and subject to the Borough’s authorization place such coverage’s outside the fund. The Consultant shall assist the Borough in the preparation of applications, statements of values and similar documents requested by the Fund, it being understood that this agreement does not include any appraisal work by the Consultant. The Consultant shall review the Borough’s assessment as prepared by the Fund and assist the Borough in the preparation of its annual insurance budget.
