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I. INTRODUCTION <br /> A. General Information <br /> The City of Elk River's and Elk River Municipal Utilities' insurance coverage for property, liability, <br /> automobiles, and workers' compensation is provided by the League of Minnesota Cities <br /> Insurance Trust (LMCIT). LMCIT requires member cities to utilize the services of an agent of <br /> record to assist and advise the city on matters related to insurance coverage. The City of Elk <br /> River (City) and Elk River Municipal Utilities (ERMU) invites written proposals from insurance <br /> brokers (Broker)to act as the Agent of Record on behalf of the City and ERMU for <br /> property/casualty insurance for a five (5) year period beginning on July 1, 2013. The City and <br /> ERMU currently acts as its own agent for workers' compensation insurance; however,the <br /> Broker may include Agent of Record services for workers' compensation insurance as an <br /> optional service. The City and ERMU will make its selection of an agent based on the insurance <br /> agency or broker's qualifications, experience, references, and cost of providing service to the <br /> City and ERMU. <br /> B. Scope of Services <br /> Background <br /> The City is requesting insurance consulting and brokerage services to assist in the acquisition of <br /> property/casualty and worker's compensation insurance coverage. Brokerage and consulting <br /> services must be provided for annual policy renewals on an as needed basis. The selected <br /> broker(s) must provide a thorough renewal presentation each year with policy <br /> recommendations to include an analysis of available alternatives in consideration of the City's <br /> and ERMU's exposures. Brokerage services must also include insurance market research, policy <br /> endorsements, certificates of insurance and coverage consultation on City and ERMU claims. <br /> In prior years the City and ERMU have completed a joint renewal with the LMCIT, but due to <br /> growth and size we are looking at completing separate renewals starting in 2013. <br /> A copy of the combined City of Elk River's insurance coverage for 2012/2013 is included as <br /> Appendix A for reference. <br /> Broker Duties and Responsibilities <br /> 1. Assist with the completion of the LMCIT renewal forms using the data supplied by the <br /> City and ERMU. <br /> 2. Advise and assist the City and ERMU in evaluating and selecting coverage alternatives <br /> such as deductibles, limits, optional coverage, alternative coverage forms, etc. Advise <br /> the City and ERMU on potential gaps or overlaps in coverage. Provide the City's and <br /> 1 <br />