PROPERTY AND CASUALTY INSURANCE WITH EXCESS COVERAGE OPTION FOR SELF-INSURANCE PROGRAM

The City of Palm Bay, Florida, issued a Request for Proposal (RFP) for property and casualty insurance with excess coverage option for a self-insurance program. The contract was awarded to Risk Management Associates, Inc. dba Public Risk Insurance Agency for $773,298.00. The scope of work includes providing property and casualty insurance and risk management services, including comprehensive risk management/loss control program, claims administration/adjusting, medical nurse case management, and legal representation and consultation. The contract may be for a one-year term, but the exact duration is not specified. • The contract includes coverage lines such as Property/Inland marine, General Liability, Law Enforcement Liability, EMT Liability, Automobile Liability, Automobile Physical Damage, Public Officials Liability, Crime, and Workers’ Compensation. • The City of Palm Bay is considering transitioning from a partially self-insured program to a true self-insurance program across all lines. • The contract may involve additional services such as comprehensive Risk management/Loss Control program, and Claims Administration/Adjusting, Medical Nurse Case management, and appropriate legal representation and consultation as necessary to the relevant line of coverage.