General Risk Analysis & Self-Insured Feasibility Analysis

The City of Palm Bay, Florida, awarded a contract to Ben Few & Company Inc. for a general risk analysis and self-insured feasibility analysis. The purpose of the analysis is to aid the city in determining whether it is a financially qualified candidate to move to a self-insured risk management program. The contract amount is $12,000.00. The scope of work includes a comprehensive review and analysis of the city's current risk management program, excluding employee benefits policies. • The contract is for a flat-fee quote from experienced and qualified risk management consulting firms. • The analysis will cover property, casualty, worker's compensation, general liability, public liability, police liability, and other areas. • The city is currently not self-insured for risk management policies. • The contract was awarded through a request for quote (RFQ) process.