This contract is for property insurance brokerage services between Jackson County, MO, and Lockton Companies, LLC. The contract has a term of one year, with the option to renew. Lockton will provide services such as analyzing proposals, evaluating the competitiveness of insurance premium pricing, and assisting with claim issues. The contract also outlines the compensation structure, with Lockton earning a commission of 8.25% of the premium charged. The key aspects of this contract include the scope of work, compensation, and termination provisions. Some of the key points include:
* Lockton will provide property insurance brokerage services to Jackson County, MO
* The contract term is one year, with the option to renew
* Lockton will earn a commission of 8.25% of the premium charged
* The contract outlines the scope of work, including analyzing proposals and evaluating the competitiveness of insurance premium pricing
* The contract also outlines the termination provisions, including the requirement for 60 days' written notice