Broker Services Agreement for Insurance Broker of Record Services

This contract is for broker services for insurance broker of record services. The vendor, Brown & Brown Insurance Services, Inc., will provide services including evaluating the county's business practices, reviewing and analyzing existing insurance coverage, and facilitating the procurement of quotations from carriers. The contract has a term of three years with two twelve-month renewal options. The compensation for the services will be a commission of 8% of the premium paid to the insurer. Some key points of this contract include: • The vendor will provide regular meetings with the county to review the risk management program. • The vendor will analyze current insurance market conditions and advise the county of significant implications. • The vendor will facilitate the procurement of quotations from carriers and review and analyze the quotations. • The vendor will secure and bind all coverage accepted by the county. • The vendor will provide guidance on moving the county into the direction of self-insuring certain or all lines of property and casualty insurance coverages.