Broker and Risk Management Consulting Services

Location:

Cranford, New Jersey, United States

Posted on:

Deadline:

Summary:

The agency requests proposals from qualified insurance brokers to deliver risk management and advisory services, including insurance program placement, claims support, and exposure analysis.

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The agency seeks qualified and experienced insurance brokerage firms to provide comprehensive brokerage, risk management, and advisory services. The selected vendor will assist in the placement and administration of the agency's insurance programs, including coverage analysis, claims assistance and advocacy, and insurer performance monitoring. Additional responsibilities include supporting loss control and risk management initiatives, offering ongoing advisory services, and providing periodic reporting.

Key areas of service include claims advocacy, risk mitigation, exposure analysis, and emergent claims support available 24/7. The program encompasses package insurance solutions, such as commercial property and general liability, with specific property components (building blanket, contents blanket, business income) and liability components (general liability, abuse and molestation liability, professional liability, student internship liability, and employee benefits liability). Crime insurance for risks like employee theft and fidelity exposures is also required.

Reporting will include claims summaries, exposure analysis, and insights on emerging risks, particularly relevant to higher education institutions. The contract period will span three years.

Best-fit vendors:

• Established insurance brokerage with experience in public sector or higher education clients

• Demonstrated expertise in risk management and claims advocacy

• Capacity to provide 24/7 emergent claims support

• Experience in handling complex insurance programs (property, liability, and crime insurance)

• Strong presence in New Jersey or the Northeastern United States

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Submit your next proposal, within 48 hours or less

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Submit your next proposal, within 48 hours or less

Stay ahead with the latest advancement in proposal automation.

BG

Submit your next proposal, within 48 hours or less

Stay ahead with the latest advancement in proposal automation.