Bids Are Invited For Insurance Brokerage Services

Insurance Brokerage Services . Address:York Universityprocurement Services4700 Keele Streettoronto, Ontariocanada, M3j 1P3description:York Is Soliciting Proposals From Qualified Insurance Brokers To Provide Insurance Brokerage Services For Its Lines Of Insurance Outside Of The Property And Casualty Insurance Coverages Offered Through The (Curie).The Selected Proponent Will Also Be Required To Provide Claims Support, Make Risk Management Recommendations, Evaluate York&Rsquo;S Current Policy Structure And Suggest To Ways To Enhance York&Rsquo;S Exposure To Risk.The Selected Proponent Will Be Required To Provide Insurance Brokerage Services As Per The Following:Nature Of Workundertake Activities Necessary To Fully Understand The Risks Being Underwritten Through The Insurance Policies Placed;Prepare And Review All Insurance Documents Including Binders Of Coverage And Cover Notes To Ensure The Terms, Conditions And Other Relevant Information Is Correct;Provide Preliminary Estimates Of Insurance Costs And Benchmarking Data;Study Deductible(S) And Self-Insurance Retention To Determine The Appropriate Level(S) Of Deductible In Relation To York&Rsquo;S Appetite For Risk And Premium Credits Available;Review Contractual Requirements Of The Policies They Present And Provide Advice Relating To Insurance Requirements And Risk Transfer Wordings To Ensure That York&Rsquo;S Interests Are Properly Protected; Andinsurance Coverage Considerationsprovide Quotes For Policies With Recommendations;Placement Of The Recommended Lines Of Coverage;Provide Certificates Of Insurance When Requested;Modify Coverage As Required As A Result Of York&Rsquo;S Changing Operational Conditions; Andproduction Of Risk And Premium Breakdown Apportionment Charts For Cost Allocation Purposes.General Administration And Policiesprovide Policy Wordings To York Within 30 Days Of Entering Into The Insurance Contract;Provide Proof Of Motor Vehicle Liability To York For Placement In Licensed Vehicles (Auto Policy Only),15 Days Prior To The Renewal Date;Provide Claims Management Services;Provide General Insurance Information And Advice;Provide Other Day To Day Services That Are Commonly Required Of A University Insurance Broker; Andoptional Additional Services That May Be Required By York.Reportingprovide An Annual Report To Include Highlights Or Reasons For Any Changes To York&Rsquo;S Insurance Program, A Summary Of Services Provided To York During The Calendar Year And Recommendations To Be Considered By York For Additional Services To Be Provided In The Future;Provide Loss History Reports By Claim Category And Policy Line Annually And As Requested;Provide Updated Information On Insurance Market Conditions And Issues Of Importance To York&Rsquo;S Operations And/Or Relating To The Upcoming Insurance Renewal; Andvalue Added Servicesidentify Additional Administrative Insurance Services; Andidentify Additional Risk Management Insurance Servicesyork Will Only Consider Proposal Submissions Received From Proponents Who Have Registered With Merx (Www.Merx.Com) For This Competitive Bid. Proposal Submissions From Proponents Who Have Not Registered And Obtained This Bid Document Directly From Merx Will Be Disqualified.Tendering Website:Proponents Will Find The Complete Rfp Documents At: Https://Www.Merx.Com/Pricing And Payment Terms Are Available On The Merx Website, Respectively.Procurement Method:Open Tender Whereby All Interested Proponents May Submit A Proposal.Estimated Quantities:Available Within The Rfp Documents.Submission Details:Proponents Shall Submit Their Proposal Response At: Https://Yorku.Bonfirehub.Casubmission Deadline: December 12, 2023 At 3:00:00 Pm Et.Public Opening:Not Applicable.Conditions For Participation:Available Within The Tender Document.Mandatory Submission Requirements:Qualifications And Experiencemethodologytimetable/Workplantransition Planreferencespricing Schedulesection 9.0 &Ndash; Acknowledgementcomplete Submission Requirements Are Provided Within The Rfp Documents.Scored Submission Requirements: Mandatory Requirementsqualifications And Experiencemethodology (Sec. 4.3); Andfinancial Evaluationcomplete Submission Requirements Are Provided Within The Rfp Documents.This Procurement Is Covered By Chapter 5 Of The Canadian Free Trade Agreement.Delivery Date:Service Implemented By A Tentative Date Of December 20, 2023Duration Of Agreement:The Initial Term Of The Agreement Shall Be For Sixty (60) Months, With One (1) Optional Sixty (60) Month Extension; For A Potential Term Of One Hundred Twenty (120) Months.Additional Options:Available Within The Tender Document.Negotiation:York Reserves The Right In Its Sole Discretion To Negotiate Modifications To Any Proposal Received Without Becoming Obligated To Offer To Negotiate With Any Other Proponent(S).Supplier Prequalification (If Applicable):Not Applicable.Responses Must Be Submitted In English.Proponents Should Note That Information Contained Within This Notice Is Subject To Change. Proponents Are Encouraged To Download The Tender Document Which Contain The Most Current Information.If There Is A Conflict Between The Rfp Documents And This Rfp Notice, The Rfp Documents Will Take Precedence.