Bid Specifications:
After
an insurance coverage audit has been performed, broker bid specifications
can be prepared. In order to obtain proposals from the best brokers and
carriers, to purchase appropriate insurance coverage, the bid specifications
must be pertinent, clear and correct. The characteristics of each unique
enterprise are reviewed to determine the best financial alternatives for
transferring risk. Specifications are developed to ensure the broker(s)
and carrier(s) compete on a level playing field and provide the coherent
proposals to best meet your needs.
