RFP - Risk management and Broker of Record insurance brokerage services

This Request for Proposals (RFP) from Clean Water Services in the United States concerns Risk Management and Broker of Record insurance brokerage services. Clean Water Services is a public utility focused on wastewater treatment and stormwater management. This procurement seeks expert services to manage the organization's overall risk exposure and to act as the primary insurance broker. Typical requirements for this type of RFP include the need for a qualified brokerage firm with extensive experience in municipal or public utility insurance, risk assessment, and claims management. The scope of work often involves analyzing current insurance policies, identifying potential risks, recommending appropriate insurance coverage (e.g., property, liability, workers' compensation, cyber liability), negotiating policy terms and premiums with insurers, and providing ongoing support for claims administration and risk mitigation strategies. Bidders are expected to submit detailed proposals outlining their approach, qualifications of key personnel, client references, and fee structures. Evaluation criteria will focus on the firm's expertise, understanding of Clean Water Services' needs, proposed strategy for risk management and brokerage, financial stability, and cost-effectiveness.