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Copaken Brooks RFP | Insurance Brokerage and Risk Management Services
Scope of Services
Strategic Planning
 Identify goals, challenges, and strategies relevant to business operations
 Develop strategies to meet established objectives
 Provide periodic progress updates in accordance with established timeline
 Marketplace overview
 Discuss satisfaction with current vendors and carriers
 Explore alternative risk financing methodologies
 Evaluate/review current scope of insurance and risk management package
 Analyze total cost of risk
 Benchmarking
 M&A Due Diligence
Vendor & Carrier Marketing
 Develop strategy to identify goals
 Determine vendor and carrier selection criteria
 Analyze marketplace and vendor and carrier options as requested
 Prepare and distribute submission to selected vendors and carriers
 Support vendors and carriers through quoting/proposal process
 Evaluate vendor and carrier proposals
 Compile due diligence of finalists
 Negotiate pricing and financing arrangements
 Compare with incumbent vendors and carriers and identify finalists
 Propose coverage and premiums
 Facilitate decision-making process
 Communicate decisions to all vendors and carriers
 Process binders, certificates of insurance and automobile identification cards
Day-To-Day Administration and Management
 Review and deliver vendor/carrier policies/contracts
 Assist with policy interpretations
 Assist with billing questions/issues
 Assist in daily administration of policy changes, service issues and/or questions
 Process certificates of insurance as requested
 Provide contractual review of customer contracts related to insurance program
 Presentation to Senior Management or Board of Directors as requested