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HomeMy WebLinkAboutC19-249 Arthur J. Gallagher Risk Management Services ajg.com 2019 Arthur J. Gallagher & Co. All rights reserved. Proposal Scope of Work: Insurance Program Analysis and Marketing Arthur J Gallagher Risk Management Services, Inc. Karen Graham | Executive Vice President karen_graham@ajg.com | 303-889-2538 Presented: June 21, 2019 Eagle County, CO DocuSign Envelope ID: 0635CF8C-B760-40FC-A203-45EF9B21B507 Eagle County, CO 2019 Arthur J. Gallagher & Co. All rights reserved. 18GGB17\29618W – Strat Rev Table of Contents SECTION PAGE Insurance Program Analysis .................................................................................................... 4  Purpose .................................................................................................................................. 4  Scope of Work ........................................................................................................................ 4  Proposed Cost & Gallagher Compensation ............................................................................ 4  Underwriting Information Required ......................................................................................... 5  Project Time Line ....................................................................................................................... 6  Acceptance of Scope of Work/Proposal .................................................................................. 6  Gallagher At A Glance ............................................................................................................... 7  DocuSign Envelope ID: 0635CF8C-B760-40FC-A203-45EF9B21B507 Eagle County, CO Page | 3 of 7 Thank you for the opportunity to present this Proposal for Insurance Marketing Services. It’s all about Our Client Experience and our approach is what sets us apart  CORE360™ is our unique comprehensive approach of evaluating your risk management program  Gallagher leverages our analytical tools and diverse resources for customized, maximum impact on six cost drivers of your total cost of risk.  We continuously challenge your existing program and look for opportunities for future improvements  We mutually agree on a strategy to build the most optimal risk management program for you DocuSign Envelope ID: 0635CF8C-B760-40FC-A203-45EF9B21B507 Eagle County, CO Page | 4 of 7 Insurance Program Analysis Eagle County, CO (County) has requested Arthur J. Gallagher Risk Management Services (Gallagher) provide a consulting, program analysis, and marketing of the County’s Property and Casualty Insurance Program. Following is scope of work (including cost) for consideration by the County. Purpose Analyze the County’s current Insurance Program and provide recommendations to improve the County’s current program and provide quotes for comparison to the expiring program. In order to analyze the County’s current program it is necessary to market the coverage in order to validate current market conditions and premiums. We would focus efforts on a guaranteed cost program that would include claims administration and risk control services provided by the insurance carrier. Scope of Work Property, Casualty, Workers Compensation  Analysis of the current program with the County Pool to determine the total cost of risk (premium, deductibles, and losses), coverage analysis, and risk management resources compared to a stand-alone guaranteed cost program  Loss stratification to assist in analyzing losses and deductible attachment point  Collect underwriting information and applications; list of required underwriting information can be found on page 5 of this proposal  Review submitted underwriting information; prepare coverage specifications & submissions to present to insurance marketplace  Review and analyze quote(s) from marketplace  Present written marketing results and insurance proposal  Consult with County and make a recommendation based on marketing results Proposed Cost & Gallagher Compensation Gallagher is proposing a $25,000 Flat Fee for the Scope of Work outlined in this proposal. This fee will be due upon proposal of our analysis and results. If the County binds insurance coverage as proposed by Gallagher, Gallagher will be compensated with commissions paid by the insurance carrier. The initial marketing fee paid to Gallagher will be reduced by the amount of the commissions received, subject to a minimum of $25,000. DocuSign Envelope ID: 0635CF8C-B760-40FC-A203-45EF9B21B507 Eagle County, CO Page | 5 of 7 Underwriting Information Required The County will assist in providing current insurance program information, complete and sign applications, and provide additional underwriting information for quoting purposes.  Current narrative of County’s risk management department including organization chart and resumes of key risk management personnel  County’s FEIN  Current premiums for all lines of coverage or copies of the calculations of the County’s property, casualty, and workers’ compensation costs from County Pool (any type of contribution worksheets)  Copies of all current property, casualty, and workers’ compensation policies  Previous year’s (2018) applications submitted to Pool for all lines of coverage  In EXCEL format o Statement of Values (including COPE information) o Schedule of all mobile equipment including value – indicate if values are Actual Cash Value or Replacement Cost o Automobile schedule including values - indicate if values are Actual Cash Value or Replacement Cost  Estimated 2019 payroll by classification code  Ten (10) years of payroll history by classification code  Completed and signed applications by line of coverage – to be provided under separate cover  10 years (year 2008 to current) of County or TPA loss runs showing claims paid, reserves, total incurred in EXCEL format for all lines of coverage o Show amounts paid for medical, indemnity, expense; include date of loss and status (open/closed) o Include all claims reported on a first-dollar basis and losses in excess of self-insured retention; do not include recoveries  Provide details of any claims with total incurred values greater than $10,000; include narratives of the claims and current status DocuSign Envelope ID: 0635CF8C-B760-40FC-A203-45EF9B21B507 Eagle County, CO Page | 6 of 7 Project Time Line In order to allow ample time we would start analysis and marketing six months prior to the insurance policy program effective date. Action Item Due Date Executed Scope of Work from County July 2019 Request for Underwriting Information to County July 2019 Underwriting/Completed Applications Information back from County August 2019 Program analysis July - September 2019 Submissions to Marketplace August 2019 Quotes from Marketplace September-October 2019 Results and Proposal presented to County October-November 2019 Bind Coverage Prior to January 1, 2020 Acceptance of Scope of Work/Proposal The County hereby accepts the Scope of Work as outlined in this proposal. EAGLE COUNTY, CO By: Name: Title: Date: DocuSign Envelope ID: 0635CF8C-B760-40FC-A203-45EF9B21B507 7/23/2019 County Manager Jeff Shroll Eagle County, CO Page | 7 of 7 DocuSign Envelope ID: 0635CF8C-B760-40FC-A203-45EF9B21B507