➢ Assistance with the development of long-range insurance strategies; ➢ Management of aspects of East Orange’s insurance programs for which the consultant is retained; ➢ Review of insurance policies and contracts to ensure adequate coverage for which the consultant is retained; ➢ Recommendations and assistance in the procurement of insurance coverage, including preparation of any required RFPs; ➢ Analysis of proposals in connection with insurance procurement, including, but not limited to establishing selection criteria, recommending marketplaces, evaluation of proposals and involvement in the selection process; ➢ Identification and analysis of risks arising out of current and future operations; ➢ Preparation of specifications for quotations every three (3) years or sooner, as required by the Board; ➢ Loss Control and Safety Review Services as applicable; ➢ Coordination of appraisals of physical assets to determine proper insurable values, limits required and special terms required by the Board as required; ➢ Continuous review and analysis of loss information from current and prior insurance companies and presentation of findings to the Board; ➢ Review of contracts for insurance compliance; ➢ Acting as liaison between the Board and insurance carriers, brokers, providers, or claimants; ➢ Monitoring, review and presentation of data to help manage claims on all current and future policies; ➢ Review and analysis of rating classifications on various insurance contracts to determine the most beneficial ones to utilize; ➢ Continuous review and analysis of insurance coverage and policies to keep up with industry changes, continuing operations and growth; ➢ Research and analysis of alternatives to current risk funding mechanisms to meet the changing needs of the Board; ➢ Preparation of all certificates of insurance, automobile identification cards and other required documents within 24 hours of the Board’s request; ➢ Notification of Board staff as to local, state and federal regulations and recommendations for compliance as required; ➢ Participation in on-going meetings with Board staff to review losses, safety recommendations, government regulations, insurance requirements, etc
