Any persons or firms interested in providing professional services to the Township of West Caldwell (“Township”) as defined in the New Jersey Statutes, N.J.S.A. 40A:11-2(6). 1. Appointment of Risk Management Consultant. The Risk Management Consultant shall be appointed by the Township Council (hereinafter “Council”) by a majority vote of a quorum of its members and shall serve for a term of one (1) year from the first day of January of the year of their appointment and until a successor has been appointed and qualified. The Risk Management Consultant shall be a New Jersey licensed property/casualty insurance agent or broker with demonstrated prior experience in the management of public insurance risks. The Risk Management Consultant shall be an “Insurance Producer”, pursuant to N.J.S.A. 17:22-A, but shall not be a Fund Commissioner. 2. Duties. The Risk Management Consultant (hereinafter the “Consultant”) shall: a. Assist the Township in identifying its insurable property & casualty exposures and recommend professional methods to reduce, assume or transfer the risk loss. b. Assist the Township in understanding and selecting the various coverages available from the Morris County Joint Insurance Fund and the Municipal Excess Liability Joint Insurance Fund. c. Review with the Township any additional coverages that the Consultant feels should be carried but are not available from the Fund and subject to the Township’s authorization place such coverages outside the Fund. d. Assist the Township 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. e. Review the Township’s assessment as prepared by the Fund and assist the Township in the preparation of its annual insurance budget. f. Review the loss and engineering reports and generally assist the safety committee in loss containment objectives. Also, attend no less than four (4) Municipal Safety Committee meetings per annum to promote the safety objectives and goals of the municipality and the Fund.
