The selected service provider shall provide, at minimum, the following services: 1. Work with the District to manage risk and control costs. • Work with District to develop, recommend, negotiate and implement cost-effective insurance and/or risk financing programs. • Analyze factors that are driving District’s cost of risk. • Act as an advisor to the District for any specialty insurance coverage that may be outside the normal risk transfer program. • Provide loss control assistance based on exposure identification and District/national loss trends. • Assist in the identification and assessment of insurable assets, including newly completed facilities and renovations. Perform site inspections of identified facilities as needed. • Prepare for and attend meetings, as reasonably requested by District or as initiated by Broker. • Coordinate efforts and requests with consultants, if any, as retained by District. 2. Give the District access to the worldwide insurance marketplace. • Broker represents District, not the insurance company. • Obtain renewal and/or marketing information from District or its designee. • Access all necessary insurance companies via direct contract or by use of a secondary broker. • Broker must disclose to District the use of such a secondary broker. • Work with District so that District's renewal or marketing information is comprehensive, professional, and of a character that will obtain for District the best possible response. • Formulate a marketing strategy at the direction of District or its designee. • Formally present District's submissions to each selected market. • Negotiate on District's behalf with insurance companies and keep District informed of significant developments. • Provide District or its designee with pricing and coverage summaries for all new coverage’s and updates on changes to existing pricing and coverages. • Place coverage as instructed by District.
