2619RFP - Property and Casualty Insurance Brokerage Services

The City of Daytona Beach is seeking a property and casualty insurance brokerage service to provide insurance placement and related risk management consulting services. The selected broker will have the exclusive right to provide insurance services to the City for the types of coverage included in the proposal and any new property and casualty insurance sought by the City. The scope of work includes designing a property and casualty risk financing program, providing insurance placement and marketing services, policy review and coverage verification, loss prevention, claims settlement, and risk management consulting. The broker must have at least 10 years of property and casualty experience and assign a service team to provide brokerage services to the City. Some key points to consider: • The City is looking for a broker with extensive experience in placing and reviewing insurance policies for cities and governmental entities. • The broker must be able to provide a schedule and timetable for broker activities and prepare underwriting submissions to risk financing organizations. • The broker will be responsible for negotiating coverages, policy language, services, limits, retentions, and price on behalf of the City with the proposed insurer. • The broker must comply with the City's purchasing codes and procedures for obtaining insurance coverages. • The broker will be required to provide a strategy for market coverages and a prioritized list of risk financing organizations to be approached on behalf of the City.