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Workers’ Compensation and Auto Liability Insurance Broker Services

Solicitation #:485
Issue Date:12/12/2016
Proposal Due:01/19/2017 - 5:00 PM
Classification:Professional Services
Type:Request for Proposal (RFP)
Status:Archived
Contract Terms
One year with the option of (two) one year renewals
Location Where Goods to be Delivered or Service Performed
Albany

The Dormitory Authority of the State of New York (DASNY) intends to procure insurance broker services for its Workers’ Compensation and Auto Liability insurance programs, pursuant to its discretionary purchasing authority under Public Authorities Law Section 2879. This opportunity is intended for MWBEs certified pursuant to Article 15-A of the New York State Executive Law.

DASNY is seeking proposals from firms to provide insurance broker services that will bring a program of risk financing, claims and loss control services that will support DASNY’s efforts to manage its exposures to risk and control the costs associated with those exposures. The selected firm(s) will be required to provide, on their own and/or in combination with an insurance carrier, broker services, administrative services, claims management services, transitional/return-to-work program support and other services/program elements as outlined in the Scope of Services. 
 
Interested firms must possess:  (1) substantial expertise and experience working with a large deductible Workers’ Compensation program placed in New York State; (2) strong knowledge of all aspects of the NYS Workers’ Compensation insurance system, including premium rating/audit and claims management/administration; (3) strong knowledge of the NYS Commercial Auto Liability insurance market; (4) experience marketing and placing non-standard/multi-faceted risks with highly rated insurance carriers; (5) access to markets rated “A-“ or better by AM Best and an ability to favorably present DASNY to the insurance markets to solicit a competitive quote/proposal; (6) a valid and current Property & Casualty Insurance Broker’s license issued by the New York State Department of Financial Services; and (7) minimum Errors & Omissions Liability insurance limits of $5,000,000.

Firms interested in responding to this solicitation must submit six (6) copies of their proposal to the contact noted below no later than 5:00 p.m. on January 19, 2017. Proposals received after this date will not be accepted. Proposals must include the following information in the same number order as described below:

1)  Provide a cover letter with your firm’s name, address and telephone number along with the name, title, telephone number and email address of the individual within your firm who will be DASNY’s primary contact concerning this proposal.

2)  Provide a description of your firm’s organization and the resumes of partners, principals, associates and other staff proposed to provide services to DASNY.

3)  Provide a description of successful projects your firm has completed within the last five (5) years with emphasis on placing Workers’ Compensation insurance coverage for multi-faceted employer(s) and/or high deductible programs. Include in the description the number of employees and the general nature of the insured operations (e.g. construction, finance, manufacturing, municipality).

4)  Provide a detailed description of your firm’s approach (technically and administratively) to performing the required Scope of Services.

5)  Provide a proposed fee for completing the Scope of Services, including the basis for the calculation of that fee. A proposed fee must be specified for each line of coverage, whether quoted separately or together.

6)  Provide a statement indicating there are no conflicts of interest between your firm or individuals in your firm and DASNY.

7)  Provide three (3) recent references with contact information and phone numbers from three (3) separate projects.

8)  Provide a copy of valid and current New York State insurance license, along with evidence of Errors & Omissions insurance coverage.

NOTE: 
The selected broker will be responsible for marketing DASNY’s programs to insurance carriers.  DASNY reserves the right to inquire as to the respondent’s preferred markets at any time during the procurement process.  However, such inquiries should not be considered a promise of assignment or authorization to approach those markets, or any markets, on behalf of DASNY.  

DASNY prefers to compensate insurance brokers on a fee basis, but commissions will be considered upon request.  In either case, the broker will be required to disclose all sources of revenue to be earned by the broker and/or its affiliated organizations in association with the placement of the insurance programs and/or any services provided in association with those programs.

 

Primary Contact

Submit To Contact

Firms responding to Request for Proposal (RFP).

The Contractor listed below has been awarded the Contract for the above listed Project as of the date provided.