Award Details

Solicitation Title: 
Licensed Insurance Brokerage Services


Solicitation Number: 
INSUREFY18R
Date: 
July 1, 2018 to June 30, 2021
Renewal Information: 

3, 2-year periods and then 1, 1-year period

Brief Summary of Award: 

Marsh USA, Inc. will provide quality insurance brokerage services to meet the needs of IPHEC in an effective and timely manner. This includes, but is not limited to, maintaining current coverages as outlined on Request for Proposal RFP# InsureFY18R, Exhibit 1 for IPHEC Member Institutions, identifying risks and exposures; determining insurance needs; identifying coverage gaps; providing recommendation and advice on managing risk and programs of insurance.

 

Contract highlighst include:

  • Contact each IPHEC Member Institution for underwriting data, specifications, and other data required by insurers for policy
    placement, follow-up with each IPHEC Member Institution for timely response, assemble and prepare all such underwriting
    data in a form acceptable for submission to the insurance market(s). Upon request of any IPHEC Risk Manager copies of
    underwriting submissions shall be provided within ten days of the request.
  • Solicit competitive quotes as requested by IPHEC Member Institution.
  • Negotiate coverages and policy enhancements in the best interests of the IPHEC Member Institutions.
  • Recommend the best programs of insurance available by preparing/presenting a comparison of insurer proposals
    (coverage, limits, pricing, including all costs of services and revenue to broker, etc.).
  • Arrange for the placement of ancillary coverages required by individual IPHEC Members Institutions as their needs develop
    during the contract period.
  • Provide renewal indications a minimum of thirty (30) days prior to policy expiration unless IPHEC Member Institution and
    Vendor determine a different mutually agreeable date. All costs of services and/or changes to pricing must be fully
    disclosed at this time. Additionally, any other changes from the prior year’s policy must be disclosed a minimum of thirty
    (30) days before expiration unless IPHEC Member Institution and Vendor determine a different mutually agreeable date.
  • Provide detailed, written policy coverage summaries and updates including limits; deductibles; and significant exclusions to
    each IPHEC Member Institution as necessary.
  • Order and bind coverages no less than ten (10) days for group placements and five (5) days for individual placements
    before policy inception and issue accurate billings to the IPHEC Member Institutions unless IPHEC Member Institution and
    Vendor determine a different mutually agreeable date.
VendorExtended to Other Community Colleges
Marsh USA, Inc.NO




IPHEC Contact
Kayci Puckett
217-333-1352
kbohlen@uillinois.edu