The City of Passaic is seeking Requests for Proposals from firms that have expertise in the provision of risk management consultant/broker services for liability insurance. I. MINIMUM QUALIFICATIONS At a minimum, the applicant shall have experience as an insurance advisor/risk management consultant/broker for governmental entities. The Risk Management Consultant shall be a person licensed to sell insurance to public entities in the State of New Jersey and shall hold all licenses required to do so. The Risk Management Consultant shall have knowledge, training, and experience in all forms of municipal insurance, including all forms of liability insurance and workers' compensation. The Risk Management Consultant also shall have the following experience: 1) Providing advice to the City on matters relating to available insurance programs, products, and policies. 2) Evaluating the City’s exposure as it relates to insurance. 3) Explaining to the City the various coverages that are available from insurance companies and joint insurance funds, and alternative risk placement. 4) Reviewing the City’s liability coverage, including automobile, boiler and machinery, package and property, recreation accident, law enforcement, public officials, crime policy, bonds, excess coverage, and all other necessary coverages. Further included is workers' compensation excess, administration, medical review, and safety services. Also, assisting in the preparation of the City’s insurance budget. 5) Reviewing losses and claims experience. 6) Assist with safety committee.
