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Specifications: <br />Work with the City's staff mid advisors to draft coverage specifications for <br />insurance as shall be purchased by City. Assist in annually filing the statement of <br />insurable values. <br /> <br />Quotes and Recommendations: <br />Obtain proposals and quotes from qualified underwriters on a net of commission <br />basis if available, for improving Insurance coverage, and work with the City's staff <br />and advisors to study and impartially evaluate all Insurance proposals received, in <br />terms of the coverage provided, financial standing and services of the Underwriter <br />and ultimate net cost to City, and provide an Insurance policy inventory and <br />summary, updated annually. <br /> <br />Negotiate, Review Proposals and Claims: <br />Conduct on behalf of City all negotiations with ail Insurance representatives and <br />companies relating to issuance and maintenance of policies, audits, premium reports <br />and ali similar matters customarily handled by Insurance Agents, Brokers, and <br />Advisors, including the obligation to make diligent efforts to continue any <br />terminated policies. If Hadtrath is unable to obtain any Insurance coverage, City <br />shall obtain the coverage from another source. City's staff and advisors shall be <br />kept fully informed of all significant changes. Audited and approved policies, <br />endorsements and invoices shall be delivered to City with respect to all Insured <br />losses, and shall semi-annually review liability and worker's compensation reserves <br />listed by Insurance carrier and rating bureau, and offer recommendation to City. <br /> <br />Insurance invoices to City shall include a breakdown of policy premium by <br />classification for budget allocation purposes, and a statement of fees payable. <br />Premiums shall be remitted as invoiced. <br /> <br />Loss Control: <br />Hadtrath shall serve as Advisor along with insurance company personnel with <br />respect to Loss Control and Safety Engineering Programs. Services include <br />inspection of plants and properties; pre-construction review of plans and <br />specifications for new buildings and extensive alterations. This is in addition to and <br />does not include services provided by employees or persons engaged by the <br />Insurance Company. <br /> <br />On or before the first day of September, Hadtrath shall submit an annual report of <br />the work performed during the year, the results achieved, premiums paid and losses <br />incurred on insured risks, a surnmary of the current insurance program and any <br />outstanding unfulfilled recommendations for risk, coverage or cost improvement. <br /> <br />F. Communications: <br /> No charge phone accessibility, written confirmation and follow-up of <br /> communications with City and Underwriters. Assist City's staff and advisors in <br /> the application and use of Risk Management procedures and information systems. <br /> <br />G. Other Services: 1. Prepare, with the City of Rarnsey, all insurance coverage specifications. <br /> 2. Review, with the City of Ramsey, policies when issued for compliance with <br /> specifications. <br /> 3. Negotiate and place all property-casualty insurance lines required, with uniform <br /> anniversary date. <br /> <br />2 <br /> <br /> <br />