Ontario Northland is seeking proposals for Insurance Broker Services which are to include the following:
Demonstrate an ability to identify, manage and insure the risks of ONTC such that all required insurance coverage is purchased on as broad a basis as possible, and as cost effectively as possible.
• Provide guidance and information to incumbent insurers and potential insurers and work with ONTC to ensure that underwriters have the required understanding of ONTC’s operational exposures.
• Provide expertise and strategy relating to the management of general liability and property risks, including risk identification and collection and analysis of claims information.
• Propose ways to manage cash flow outlays using premium financing tools, quarterly installment options and other approaches.
• Demonstrate experience in negotiating with insurers in Canada and internationally as necessary, and describe how risk is communicated in order to ensure that the best combinations of price and coverage options are available.
• Understand, anticipate and be responsive to ONTC needs.
• Apply a reasonable standard regarding the management and issuance of policy documentation in a timely manner, regardless of the type of policy or location of insurer.
• Demonstrate an ability to identify, address and correct weaknesses in the current insurance program, without increasing costs.
• Provide support to ONTC regarding risk control issues and support them with the analysis of risk control costs and benefits.
