Description
The Township of East Brunswick is seeking a Risk Management Consultant to assist in identifying its insurable exposures and recommending professional methods to reduce, assume, or transfer the risk loss. The Consultant will review with the Township any additional coverages that the Consultant feels should be carried but are not available from the Middlesex County Municipal Joint Insurance Fund and, subject to the Township’s authorization, place such coverages outside the Fund. The Consultant will assist the Township in the preparation of applications, renewals, statement of values, and similar documents requested by the Fund. The key responsibilities of the Consultant include: assisting the Township in identifying its insurable property and casualty exposures, conducting risk assessment and mitigation, evaluating insurance options, soliciting insurance proposals, and reviewing the Township’s assessment as prepared by the Fund.
• Conduct risk assessment and mitigation
• Evaluate insurance options and perform analysis of exclusions and deductibles
• Solicit insurance proposals to secure cost-effective insurance coverage
• Assist the Township in understanding and selecting the various coverages available from the Middlesex County Joint Insurance Fund and the Municipal Excess Liability Joint Insurance Fund
• Review the Township’s assessment as prepared by the Fund and assist the Township in the preparation of its annual insurance budget
• Review loss and engineering reports and assist the safety committee in loss containment objectives
• Attend meetings of the Township Council when requested
• Coordinate with Township employees as necessary and keep them informed
• Any other services required by the Fund’s Bylaws