METRO Regional Transit Authority is soliciting proposals from qualified firms to provide comprehensive insurance brokerage and risk management services. Proposers are requested to submit a written proposal detailing their qualifications, experience, resources, and approach to servicing the County's insurance and risk management needs.
METRO RTA is seeking a highly qualified broker capable of providing proactive account management, strategic risk management guidance, insurance market expertise, and responsive service. The selected firm will be expected to meet high performance standards throughout the term of the agreement.
Time is of the essence. METRO RTA intends to proceed expeditiously through the procurement process, and the selected firm will be expected to do the same throughout the term of service.
This is a conceptual proposal. Insurance coverages shall not be marketed, and no insurers may be contacted, approached, or reserved with respect to METRO RTA coverage unless and until Broker of Record authorization is issued by METRO. Failure to comply with this requirement may result in disqualification.
METRO reserves the right to procure any line of insurance coverage outside of the broker services agreement without affecting the broker’s compensation under the agreement. The selected broker shall be responsible for METRO employee health insurance program.
METRO seeks a multi-year, flat-fee brokerage services agreement paid quarterly . All compensation terms shall be fully disclosed in the proposal’s submission and shall be incorporated into the resulting agreement without modification.
The Broker shall fully disclose all commissions, fees, incentives, contingent compensation, profit-sharing arrangements, and any other compensation received in connection with insurance placements for METRO upon submission of the proposal.
This Request for Proposals (RFP) establishes the full scope of services, performance expectations, and evaluation criteria and shall serve as the basis for award without negotiation. METRO will award a contract based solely on the requirements and pricing submitted in response to this RFP.
METRO RTA has two unions, administrative staff that provide transportation for Summit, Portage, and Stark County public Transit service. METRO RTA has approximately 436 full-time equivalent employees.
METRO RTA seeks professional broker services for the following areas:
Marketing for insurance will include all coverage of the METRO’s insurance indicated in this RFP. At a minimum, the agent/broker will be required to access quotes for Medical, Prescription, Vision, Dental, Insurance. Through aggressive negotiations METRO desires to obtain renewal quotes from Multiple companies. Additionally, the selected agent/broker will be asked to provide quotes, negotiate, place and manage ancillary and specialty coverage for all other lines of insurance (exclusive of health insurance). Broker will be required to attend all Benefit Fairs hosted By METRO RTA and supply a team to help enroll for a 2 week period following open enrollment .METRO reserves the right to procure all lines of insurance outside the broker services agreement without impacting the broker services agreement fee.
Services shall consist of placing insurance coverages and providing support services including but is not limited to, preparing submissions/specifications for underwriters, negotiating terms, conditions, and price, preparing renewal binders and invoices, reviewing policies and endorsements, providing quarterly review of claims and projections and resolving coverage issues.
