Government Contract | Rhode Island
INSURANCE RISK MANAGEMENT CONSULTING SERVICES

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Bid Information


Bid Alert No: 00000455229

Bid Title: INSURANCE RISK MANAGEMENT CONSULTING SERVICES

Agency Bid No. Title: 2016-001

Received Date: 01/08/2016

Close Date: 01/29/2016

Purchase Type: Not Stated

Delivery Point: Westerly, Rhode Island

Delivery Date: Not Stated

Special Notices: Questions Due By 01/15/2016 12:00 PM, Bidder Preregistration

Specifications

Specifications include, but are not limited to:Required Services: A. Solicit proposals from qualified insurance carriers who are experienced and familiar with working with Rhode Island municipalities on an annual or as needed basis. B. Develop bid specifications to be submitted to the municipal marketplace for which proposals are sought.C.Evaluate submitted proposals by insurance carriers relative to compliance with insurance specifications, cost and ability to perform as required including relative solvency. D.Review workers compensation injuries and make recommendations to control losses. E.Provide Injury-on-Duty claims management support. F.Provide a detailed report of solicited policy renewal options available to the Town and School . G.Annual review of Workers Compensation prospective funding and underwriting renewal analysis including but not limited to the examination of claims experience, administrative services, legislative updates, network discounts, billing rate tiers resulting in effective and constructive negotiations with vendors. H.Assist the Town/School in determining funding mechanisms for new or newly discovered exposures. I.Review current experience, claims, and market trends, and assist in negotiating cost savings & renewal premiums with insurance providers on an as needed basis. J.Periodically review the liability and workers compensation insurance plans, claims, and fees and provide a reasonability analysis in comparison with industry norms. K.Ongoing risk/loss exposure identification, with suggestions for appropriate insurance and non-insurance treatment. L.Audit all policies, endorsements, rating adjustments, etc. M.Recommend proper limits, deductibles and coverage for exposures common to municipalities and specific to the Town/School; provide unbiased and advantageous alternatives. N.Assist the Finance Department in the development of property and casualty and workers compensation premium estimates to be incorporated into the annual budget, including attendance at leadership and/or public meetings. O. Advise the Town/School on new developments in the field of municipal/education insurance and/or bonding.

Bid Related Documents

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Amendments

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Product Codes: 92044, 95861

Agency Information


Issuing Agency: Town of Westerly

State: Rhode Island

Agency Type: State and Local

Contact: Eileen Cardillo Town Hall, 45 Broad Street, Westerly, Rhode Island, 02891

Fax: 401-348-2633

Email: edardillo@westerly.k12.ri.us

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