Specifications include, but are not limited to: •Ensure the City’s brokerage arrangements are priced competitively. •Assistance in the design of the City's insurance programs, including risk analysis, design of coverage forms, structure of offerings to be presented to underwriters (use of deductibles, self-insured retentions and aggregate stop-loss coverages, layering of primary and excess coverages, how pricing would be determined, and any service available or to be provided by insurers as part of the insurance package). •Marketing, evaluation and assistance in the selection and placement of the insurance companies qualified to underwrite the City's various insurance programs. •Verification of insurance policies, thoroughly checking policy wording to ensure that the City has received desired coverages in compliance with the specifications. •Interpreting insurance policies, answering questions regarding insurance clauses in contracts, assisting/coordinating with the handling of claims, and issuing certificates of insurance. •Advice on new construction, analysis of fire rates, and review of recommendations from fire inspectors. •Assistance in establishing insurable statement of values. •Providing current information about losses, insurance market’s financial security of insurers, and risk management practices. •Assistance with preparation of insurance applications and specification for union contracts. •Providing oral and written communications and reports.
