Government Contract | Utah
Insurance Brokerage and Consulting Services

Bid Information

Bid Alert No: 00000416713

Bid Title: Insurance Brokerage and Consulting Services

Agency Bid No. Title: RFP16013

Received Date: 11/13/2015

Close Date: 12/02/2015

Purchase Type: Term: 05/18/2016 - 07/31/2018

Delivery Point: Salt Lake City, Utah

Delivery Date: Not Stated

Special Notices: Questions Due By Optional 11/24/2015 10:00 AM, Bidder Preregistration


Specifications include, but are not limited to:Consult with Risk Manager to formulate a marketing strategy that focuses on delivering a cost-effective risk management strategy and structure based upon current market conditions.Work with Risk Manager to produce comprehensive underwriting data and criteria for insurance carrier negotiations. Broker will work with designee to coordinate procurement of all underwriting information from various departments. Represent City in negotiations with insurers, underwriters, and other parties with regard to the insurance program.Provide analysis and recommendations as to the most effective means for addressing Citys exposures, including, but not limited to self-insured retention, deductibles, policy endorsements, loss limits, excess coverage, and risk pools.Provide City with a summary of various program options, including but not limited to limits, coverage, deductibles, terms, conditions, endorsements, payment options and self insurance.Secure all insurance coverages as requested and approved by City, at the lowest price or with the broadest and most appropriate protection for City.Upon acceptance of insurance proposals by underwriters, Broker shall deliver to City acceptable evidence that the agreed coverage is in effect on or prior to the effective date of such coverage.Provide extensive review of binders and policies including verification of conformity to specifications. Negotiate any necessary endorsements, changes, and/or revisions that may be required.Provide City with a report and summary of all policies purchased on an annual basis. Such report shall provide details on the following: the name, address and contact persons with the insurance companies, the coverage limits, deductibles, exclusions and endorsements for each policy, as well as their respective renewal dates.Provide a full range of risk management services as determined by City's Risk Manager including, but not limited to, the following: general insurance advice, risk identification and prevention consultation, insurance placement, policy servicing, providing detailed written recommendations and reports on positive or detrimental insurance market changes.

Product Codes: 91869, 95300

Agency Information

Issuing Agency: City of Salt Lake City

State: Utah

Agency Type: State and Local

Contact: Tiffany Rydalch, Purchasing and Contracts Management Division 451 South State Street, Room 235, Salt Lake City, Utah, 84114

Phone: 801-535-6347




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