DOCUMENT

RFP - Insurance Broker, Liability Insurance Program 2008

  • YEAR CREATED: 2008
  • ENTITY TYPE: County
  • TYPE OF DOCUMENT: RFP - Request for Proposals
This document is a request for proposal (RFP) from Hamilton County for stadia liability insurance. The document includes a series of questions and requirements for insurance firms to provide information on their experience, expertise, and services related to providing insurance coverage to counties of similar size and complexity as Hamilton County in Ohio. The document also asks for details on how the firm evaluates the financial stability of insurers, how they keep abreast of the county's loss exposure, and what additional services they provide once the insurance coverages are in place. Furthermore, the document inquires about the circumstances and reasons that lead to a governmental client moving the insurance to another firm, and what actions the firm takes to prevent this from happening. The ownership of the county's information related to the marketing and administration of the insurance is also discussed, including its availability to the county during and after the firm's representation, and any associated costs. The document outlines the firm's ability to meet various requirements such as issuing binders and certificates of insurance, preparing annual reports, attending risk management meetings, and providing answers to insurers and the county regarding underwriting, claims, and coverage issues. The document also includes questions related to claims administration, including the firm's support and assistance in preparing proof of loss or claims reports, obtaining loss settlements, and providing periodic loss analysis. It also asks about the firm's ability to assist with difficult claims and describes the firm's claim management service and how it reacts to catastrophic events. The marketing process section of the document focuses on the firm's services and approach to marketing and servicing the account. It asks about providing unbiased information on insurance markets, preparing market analysis and forecasts, assisting with policy design and program specifications, and marketing the program to obtain the best coverage at reasonable costs. Additionally, the document requests information on the firm's internal and external auditing and oversight procedures, ensuring transparency and accountability in their operations. Lastly, the document emphasizes the importance of ethics in the relationship between Hamilton County and the selected firm. It asks for information on the firm's code of conduct or ethical procedures, ethics tests given to employees, transparency in dealings with markets and compensation, and any conflicts of interest policies.
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