VEIC Insurance Brokerage Request for Proposals

VEIC is seeking proposals from qualified, licensed insurance brokerage firms to provide a full range of commercial insurance and risk management advisory services. The selected firm will serve as VEIC's Insurance Broker of Record and assist VEIC with all aspects of risk transfer. The scope of work includes loss exposure analysis, insurance procurement and renewal, providing VEIC with an in-depth insurance coverage summary, assisting with routine insurance audits, and filing and handling claims. The firm will also provide ongoing support and counsel regarding VEIC's general insurance needs and operations. Key aspects of the job include: • Loss Exposure Analysis: Identify and analyze VEIC's loss exposures, advise vulnerabilities, and recommend changes to coverage, terms, or limits. • Insurance Procurement & Renewal: Assist with procuring and renewing insurance policies with reputable, financially responsible carriers on the most favorable terms. • Providing VEIC with an in-depth insurance coverage summary detailing its policies, terms, carriers, premiums, deductibles, and any other pertinent information. • Assisting VEIC with routine insurance audits to ensure a successful outcome. • Assisting VEIC with filing and handling claims that may arise. • Reviewing proposed minimum insurance requirements for new business and obtaining additional coverage, endorsements, or limits as needed. • Providing ongoing support to VEIC on issuance and management of Certificates of Insurance. • Providing ongoing support and counsel regarding VEIC's general insurance needs and operations, including answering insurance coverage questions and advising on emerging risks in the market.