Passaic Public Schools Opengov #EUS 01-27

Insurance Brokerage Services for Workers' Compensation Program Transition – Passaic Public Schools

Passaic Public Schools is seeking proposals from qualified insurance brokers to assist in evaluating and potentially transitioning the district's Workers' Compensation program from self-insured to a first-dollar insurance model. - Government Buyer: - Passaic Public Schools, Business Office - Scope of Work: - Evaluation of the current self-insured Workers' Compensation program - Market analysis to identify cost-effective and comprehensive insurance solutions - Recommendation and planning for a potential transition to a first-dollar insurance program - Ensuring regulatory compliance and alignment with industry best practices - Requirements: - Brokers must demonstrate experience with large-scale insurance transitions for organizations with budgets exceeding $100 million - Proposals must include broker qualifications, relevant experience, methodology, fee structure, and references - No specific OEMs or product vendors are named, as this is a professional services solicitation for insurance brokerage expertise - Notable: Emphasis on proven expertise in large-scale insurance transitions and regulatory compliance

Description

The district is seeking proposals from qualified insurance brokers to evaluate and potentially transition from a self-insured Workers' Compensation program to a first-dollar insurance program. The scope includes assessing the viability of the transition, identifying cost-effective and comprehensive insurance solutions, and ensuring compliance with regulatory requirements. The selected broker will evaluate the current program, analyze market options, and recommend a transition plan. Proposals should include qualifications, experience, methodology, fee structure, and references.

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