Municipalities
Bryant Asset Insurance Consulting service, a division of Bryant Asset Protection, provides insurance guidance, advice and policy coverage recommendations to New York State municipalities. The process uses a comprehensive independent review of the current Property and Casualty insurance policy coverages. We collaborate with business officials and the current insurance agency that allows for an independent review of current coverages and then create an RFP for the current agency and other potential bidders.
Historically this process has resulted in all our clients receiving significant savings over their expiring premiums and improved coverages. Our sole job is to provide the most competitive pricing environment with an independent coverage review enabling your town, or city to realize the best price in the marketplace for the broadest coverage.
Bryant Asset Insurance Consulting for New York State Municipalities
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This expert review delivers results you need. Here's why…..
- Periodic insurance examinations help the board and municipality leaders better understand the current coverages and identify areas of uncovered risk, leading to better protection.
- Municipalities need to have an independent set of eyes periodically review their insurance. The process often realizes significant financial savings and enhanced insurance coverage when subjecting their insurance program to rigorous review and an independent based consulting bidding process.
- This service will help your municipality comply with its fiduciary responsibility to maintain the highest standards of fiscal management and responsibility regarding insurance.
What does this comprehensive process include?
- Complete review of adequacy of current coverage
- Review of municipality risk profile, loss or claim patterns and fixed asset inventory
- Compilation and review of all current building and grounds data, revalue as necessary
- Update municipality data that has a bearing on insurance costs
- Meet with administration/officials to assess the risk exposures and discuss the insurance audit process
- Prepare and disseminate a Request for Proposal (RFP) and associated documents to potential providers
- Receive, review, evaluate and score quotes
- Prepare and deliver final report with recommendations *
How will the municipality benefit?
- Compliance with New York State’s Competitive Bidding requirements
- Minimal time commitment from municipality business officials while still providing a full RFP
- Independent update of statistics and data affecting premium costs
- Independent review of current policy coverage levels
- Receive proposals from ALL the major players in the municipal market
- Provides the most competitive process in order to realize true savings and see the true pricing in the market
