Description
Town of Hooksett is seeking a qualified insurance broker to serve as Broker of Record and secure comprehensive workers’ compensation coverage for all municipal employees. The contract will cover three fiscal years (FY 2023‑24 through FY 2025‑26) with optional one‑year extensions, and the broker must incorporate detailed payroll classifications and recent loss‑history data into premium calculations. The award will be based on vendor qualifications, relevant public‑entity experience, and a fixed‑price fee submitted by the March 31, 2023 deadline.
• Provide workers’ compensation and employer’s liability coverage meeting statutory limits ($2 M per claim).
• Use FY 2023‑24 payroll estimates totaling $9,733,368 across 19 NCCI classifications.
• Incorporate four‑year loss history and LRAF adjustments into pricing.
• Must remain the sole point of contact (no subcontracting without prior approval) and furnish required insurance certificates before July 1, 2023.