Insurance Consultant Services

The City of New Smyrna Beach (City) is requesting Qualifications from qualified vendors for insurance consultant services. Currently, the City of New Smyrna Beach belongs to a self-insured pool and is not an independently self-insured entity. The pool purchases insurance and the pool has self-insured retention. The annual invoice is billed solely to the City and deductibles will be paid per claim. The City intends to select a qualified firm to provide professional Insurance Consultant Services. The selected consultant will: Review the City's allocation of insurance assets, premiums, and coverage needs. Assist with the development and administration of a Request for Proposals (RFP) for the City's liability and related insurance coverages. Evaluate the proposals received and provide a recommendation for award to the City. Provide recommendations and feedback on prior allocations prior to the development of the RFP. Develop an insurance premium allocation on an annual basis. The City reserves the right to award a contract to the firm determined to be in the best interest of the City. Respondents warrant that the terms and conditions quoted in the Qualifications will be firm for a period of ninety (90) days from the date of the Qualifications opening unless otherwise stated by the City. Incomplete, unresponsive, vague, ambiguous responses to the request for Qualifications will be just cause for rejection as determined by the City. The successful proposer(s) will hereinafter be referred to as “Professional Consultant”.