Closing soonMUNICIPAL INSURANCE AND RISK MANAGEMENT SERVICES PROGRAM 2027
Description: Proposals will be received not later than: November 12, 2026 at 11:00 am LOCAL TIME.
For providing a General Insurance and Risk Management Program for the Corporation of the Municipality of Brooke-Alvinston.
Term: January 1, 2027 to January 1, 2028.
Purpose:
The Municipality is in the process of selecting an Insurer to provide insurance and risk management services in the areas contained within this Request for Proposal. Through this Request for Proposal, the Municipality seeks to: specify the terms and conditions that would govern any resulting policy and select the successful proponent, if any. This Request for Proposal states the instructions for submitting proposals, and the procedures and criteria by which the successful proponent will be selected.
Summary of scope and requirements (excerpt):
The Municipality requires a General Insurance and Risk Management Services Program covering municipal liability, errors & omissions (claims made), non-owned automobile, environmental liability (claims made), crime, board members' accident, volunteers' accident, conflict of interest insurance, legal expense (claims made), property (all risk blanket), equipment breakdown, and automobile fleet. Limits, deductibles, policy conditions, specimen wordings, and detailed coverage specifications are provided in the RFP. Proponents (brokers and insurers) must demonstrate municipal experience, financial strength (financial statements and AM Best rating), licensing to operate in the Province, and provide an account management team. The Municipality will evaluate proposals based on Coverage/Completeness (35%), Price (35%), Services Offered (20%), Experience/Financial Stability/References (10%), with an optional Interview (up to +10%). The successful proponent will provide services and arrange insurance for the Municipality for the policy term January 1, 2027 to January 1, 2028 with possible extension for up to three additional years.