The selected insurance consulting firm shall provide independent, professional support to the City of Laredo in strengthening its overall risk management and insurance programs. Services may include, but not limited to: Risk Assessment & Exposure Analysis: Evaluate potential liabilities and vulnerabilities across all City departments (e.g., public works, police, fire, parks and recreation) to identify risks that could lead to financial or operational loss. Policy Review: Examine existing insurance policies, including general liability, property, automobile, excess aviation liability, workers’ compensation, law enforcement, public officials, and cybersecurity liability, to identify coverage gaps, duplications, and opportunities for cost savings. Insurance Procurement Support: Assist in preparing and managing the solicitation of competitive quotes or proposals from insurance carriers and brokers, ensuring optimal coverage and pricing. Assistance with New Insurance Coverages: Advise and assist in obtaining new insurance coverages required for new City projects or initiatives, ensuring risks associated with emerging operations are adequately addressed. Solicitation & Negotiation Assistance: Support in creating and/or reviewing solicitations, submissions, and negotiations related to insurance procurements to secure favorable terms and comprehensive coverage. Always following City of Laredo procurement policies and procedures. Loss Control & Safety Programs: Review the City’s safety programs and provide recommendations or training to reduce claim frequency and severity, with emphasis on employee and public safety. Claims Management Assistance: Act as an advocate and liaison between the City and its insurers to expedite resolution of claims and ensure fair outcomes. Contract Analysis: Review vendor, contractor, and interlocal agreements to confirm adequate insurance provisions and minimize risk transfer back to the City. Cybersecurity Liability Review: Assess the City’s exposure to cyber threats, recommend mitigation strategies, and advise on appropriate coverage options. Specialized Liability Consultation: Provide guidance on law enforcement and public officials’ exposures and coverage to ensure adequate protection for police operations and elected officials. Workers’ Compensation Oversight: Advise on claims handling and support the development or enhancement of “return-to-work” programs. The consultant will be expected to provide these services on an as-needed basis ensuring targeted, costefficient expertise aligned with the City’s risk management priorities.
