RISK MANAGEMENT
Bid Services

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Competitive Bid Process will be recommended every two or three years, depending on the availability of insurance markets, the company's loss record and any difficulties the client may be experiencing with the incumbent insurance carrier. This process will include:

WB01691_.gif (217 bytes) Preparation of bid specifications.
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WB01691_.gif (217 bytes) Selection of agents and insurance carriers.
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WB01691_.gif (217 bytes) Assignments of insurance companies to each participating agent.
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WB01691_.gif (217 bytes) Analysis of coverage proposals and premium bids submitted.
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WB01691_.gif (217 bytes) Analysis of all proposed policy forms and endorsements.

Business Insurance and Risk Management Client
 

WB01691_.gif (217 bytes) Premium negotiation on the employer’s behalf.
WB01691_.gif (217 bytes) Preparation of Comparative Quote and Policy Analysis report to assist in renewal decisions.
WB01691_.gif (217 bytes) Detailed binding agreement, signed by the agent, which specifies exact coverages, policy forms and premiums for the new policies.

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     Last modified: August 23, 2012
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