Vendor needs to provide commercial insurance brokerage services to the government authority located in Mississippi.- Market, manage and service the existing coverages, as well as any coverages added in the future, present competitive quotes and recommendations, place the coverage, and service the coverage each year- This will include any related coverage additions and services or replacements thereto. Related coverages and services may be added at any time during the contract period.- Account Management- Commercial Broker and Consulting Services:- Act as broker-of-record for existing and new coverages placed during the contract term;- Develop and place the most effective and cost-efficient insurance coverages and provide a range of consulting services associated with the Statewide property program;- Provide brokerage, consulting, and other related services to assist OI in fulfilling its critical role to ensure proper protection of the State's assets and activities on behalf of the State's citizens and taxpayers- Procuring, maintaining and servicing appropriate property, cyber liability, equipment breakdown, fine arts, broadcasters' equipment, terrorism, NFIP flood insurance, and other potential ancillary insurance coverages from qualified insurers at competitive levels of premium- Provide competitive coverage options and alternatives that possess the bestnegotiated terms, rates, and conditions from qualified carriers that fit within the overall mandatory limits, deductibles, and retentions- Develop and implement strategy to generate and maintain competitive interest in agency insurance coverages from the available domestic/international markets- Provide risk management and professional services, as requested by OI, including, but not limited to, identifying and minimizing loss potential, conducting and/or reviewing property inspections, reviewing casualty exposures, researching alternative risk transfer techniques, attending meetings with State agencies, markets or other consultants
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