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08/27/91
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08/27/91
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6/9/2025 4:27:01 PM
Creation date
12/11/2003 11:45:57 AM
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Meetings
Meeting Document Type
Agenda
Document Title
Budget Committee
Document Date
08/27/1991
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*E. I~oss Control: <br /> <br />"A" shall serve as Advisor along with insurance company personnel <br />with respect to Loss Control and Safety Engineering Programs. <br />Services include inspection of plants and properties; pre- <br />construction review of plans and specifications for new buildings <br />and extensive alterations. This is in addition to and does not include <br />services provided by employees or persons engaged by the <br />Insurance Company. <br /> <br />On or before the fn:st day of , "A" shall submit an <br />annual report of the work performed during the year, the results <br />achieved, premiums paid and losses incurred on insured risks, a <br />summary of the current insurance program and any outstanding <br />unfulfilled recommendations for risk, coverage or cost <br />improvement. <br /> <br />F. Communications: <br /> <br />No charge phone accessibility, written confirmation and follow-up <br />of communications with "CLIENT" and Underwriters. Assist <br />"CLIENT'S" staff and advisors in the application and use of Risk <br />Management procedures and information systems. <br /> <br />G. O~[her Services: <br /> <br />Provide services 1-16 listed on attached Agency Services, (see "Part <br />Two"), Experience and Qualifications Questionnaire, submitted by <br />"A" on , ~, shown as Exhibit I. <br /> <br />IV. Total Compensation <br /> <br />A. Amount <br /> <br />The total compensation of "A" for services performed under this <br />agreement for the first year shall be an anticipated amount of__ <br />with a maximum of" and for the second and third years, <br />an annual anticipated amount of , with an annual <br />maximum of "A" shall be compensated on hourly <br />rates of $ for ~gency Principles, $ for <br />Associates and Technical personnel, and $ for Clerical. <br />Insurance invoices to "CLIENT" shall include a breakdown of <br />policy premium by classification or budget allocation purposes, and <br />a statement of fees payable. Premiums shall be remitted as invoiced. <br /> <br />B. Definition <br /> <br />"Total Compensation" for the purpose of this agreement shall be <br />deemed to be the sum of.' All compensation received by "A" from <br />any Insurance Underwriter for Insurance required by "CLIENT" <br />including both direct and contingent commissions; and <br /> <br />All compensation or reimbursement received by "A" from <br />"CLIENT". With respect to any Insurance written for a period of <br /> <br />Page 10 <br /> <br /> <br />
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