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2014-608-E Finance (Risk Management) - Willis of North Carolina, Inc. for Insurance Broker $58,000
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2014-608-E Finance (Risk Management) - Willis of North Carolina, Inc. for Insurance Broker $58,000
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Last modified
5/18/2017 2:26:40 PM
Creation date
12/31/2014 11:52:31 AM
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BOCC
Date
12/31/2014
Meeting Type
Work Session
Document Type
Agreement
Agenda Item
Manager signed
Amount
$58,000.00
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R 2014-608 Finance - Willis of North Carolina, Inc. for Insurance Broker (Risk Management)
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\Board of County Commissioners\Contracts and Agreements\Contract Routing Sheets\Routing Sheets\2014
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DocuSign Envelope ID:A4C366A3-F5D9-473B-9218-AF49BCCA02E0 <br /> PROVIDE FUL.L MSCLOSURE OF ALL. BE DE WED <br /> DIREun.Y OR INDIRECTLY FROM SERVICES TOTHE COUNTY. <br /> .......... <br /> We agree to accept a negotiated fee as the means of our remuneration. We <br /> promise to fully disclose every penny of compensation earned over the entire <br /> service period. On an annual basis, we will provide you with a written <br /> statement to this effect. <br /> As a strategy, we will market your program will full commission and then net out <br /> the quote before presenting the same to you. This approach guarantees that <br /> the markets are giving us full credit for all of the commission deducts. If any <br /> market should refuse to write net of commission, our fee will be adjusted <br /> downward to reflect the same. <br /> In addition to being fully transparent with our clients, we also seek to be flexible <br /> in determining the structure of the compensation agreement should your needs <br /> change. <br /> 13.1N ADDITRON TO INSURANCE BROKERAGE_.:' ERVIC`_,',S HE COUNTY REQ1,nRES -IrI.iE <br /> AVAILABLITY OF 'nJE FOLLOWING 'EE RVIC�ES�� <br /> 13.1 RISK.. MANAGEMENT CONSULTING SERVICES GPECPC TO PUBLIC ENTTVIES IN <br /> ............ <br /> 3 CAROLINA THE AMLITY TO M�ZESENT 0114 UNFOLDING MSK <br /> ........................ <br /> �J_�L <br /> EXPOSURES AND REMEDIES. <br /> Our goal is to be seen as an extension of your risk management <br /> department. As such, we will provide advice and consideration on any risk <br /> management issues. Our depth of available resources will make us a <br /> valuable partner to the County. Willis regularly consults with our many public <br /> entity clients on potential loss exposures such as: <br /> (,%t Reduced Budgets — Maintenance & Safety Slippage <br /> ma Staff Reduction —Wrongful Terminations <br /> em Aging Workforce <br /> vf,,,4 Deteriorating Carrier Results (Most Acute in WC and Sexual <br /> Misconduct) <br /> roA CAT Analysis and Planning <br /> mm Prospective Inflation — Medical Cost - Hard Market? <br /> rm, Cyber Terrorism <br /> m Environmental <br /> With respect to the emerging risk of cyber liability, Willis can help. As one <br /> of the most sophisticated insurance brokers in the technology and cyber <br /> landscape, our team will be aware of, and consultative to the following <br /> issues relative to cyber liability: <br /> Orange County—Request for Broker QL1@lffcat[ons and Conceptual Proposal-September 23,2014 17 <br />
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