All Risk Property and Builders’ Risk Insurance Program

Solicitation #:5562
Issue Date:07/24/2020
Proposal Due:08/14/2020 - 5:00 PM
Classification:Professional Services
Type:Request for Proposal (RFP)
Status:New
Subcontracting Provisioning Goals (%)
Minority Owned:18%
Women Owned:12%
Service Disabled Veteran Owned:6%
Contract Terms
March 1, 2021-March 1, 2026
Location Where Goods to be Delivered or Service Performed
Albany, NY/Remote

DASNY seeks proposals from brokers for the services of marketing and program support for the Property and Builders’ Risk Insurance Program that DASNY operates for itself and on behalf of certain of its clients. These clients include, but are not limited to, City of New York Court Facilities; The City University of New York; New York City Health and Hospitals Corporation; New York State Department of Health; New York State Education Department; Office of Court Administration; and the State University of New York. The current program is due to expire on March 1, 2021.

The limits and coverages described below provide an overview of the size and scope of the current program. The information provided below is not inclusive of all of the terms under the policy. The successful broker will receive a complete copy of the policies for their reference.

  • Coverage: Property/Builders’ Risk including Equipment Breakdown, Business Interruption/Extra Expense, Fine Arts and Terrorism (foreign and domestic acts).
  • Number of Insurance Carriers – 28, inclusive of terrorism
  • Named Insureds – 16
  • Number/Value of insured permanent facilities – 740 buildings / $22 Billion
  • Number/Value of insured construction projects (as of December 2019) –  144 projects / $455 Million
  • Property - $950,000,000 per occurrence
  • Builders’ Risk - $75,000,000 per occurrence; with allowance to schedule larger individual projects to the policy
  • Equipment Breakdown (Boiler & Machinery) - $750,000,000 per occurrence
  • Flood - $100,000,000, with lower sub limits for properties located in specific flood zones
  • Named Windstorm - $100,000,000 per occurrence
  • Fine Arts - $10,000,000
  • Terrorism - $950,000,000 

In addition to the above, the policies also include several other sub limits and deductible levels.

Recommendations for alternative program structures and/or program improvements will be accepted for consideration during the selection process.

 

Brokers responding to this RFP must meet the following qualifications:

  • a. Demonstrated access to markets of sufficient capacity to meet the minimum program limits of $950 million, with successful experience in constructing, placing, and administering quota-share programs that are similar in size and scope to DASNY’s program (see Section 1.3 for reference).
  1. b. Strong knowledge of all aspects of property insurance markets, with a demonstrated degree of influence among carriers in domestic, foreign and international markets; particularly on behalf of clients with flood/coastal windstorm exposures, substantial and on-going construction/Builders’ Risk exposures, metropolitan terrorism exposures, and significant loss history.
  2.  
  3. c. Ability to favorably and accurately represent DASNY to the insurance markets to solicit multiple competitive quotes/proposals.
  4.  
  5. d. Experience with public entity/governmental clients of similar size to DASNY, with a construction function and responsibility to insure others’ facilities as a function of financing or similar business relationships.
  6.  
  7. e. Team members with extensive industry experience in their subject areas (loss control, claims, broker services, etc.).
  8.  
  9. f. Loss control experience with a significant concentration of experience at higher education and healthcare/hospital institutions and in the construction industry, including construction in high-rise/densely populated areas, and a keen understanding of the property exposures resulting from those operations, as well as a substantive knowledge of the inherent hazards and the appropriate tools/systems to control those hazards.
  10.  
  11. g. Strong experience and demonstrated success with:
      1. reporting, handling and negotiating the settlement of multi-million-dollar claims, including
        1. claims with multiple locations,
        2. claims covered by carriers participating in a quota-share arrangement;
      2. an ability to work with carriers to aggressively pursue just/fair claims settlements in favor of clients,
      3. client support services including forensic accounting and electronic claim tracking/documentation systems, and
      4. a strong knowledge of standard property policy provisions.

         h. Ability to provide additional services in support of the DASNY insurance program, including consultation and insurance appraisal/valuation services.

          i. Evidence of in-force Errors & Omissions coverage with a minimum limit of $25,000,000; or proof of insurability with a current quote for limits required to increase            existing limits to that level.

 

In accordance with State Finance Law § 139-j and § 139-k, this solicitation includes and imposes certain restrictions on communications between Dormitory Authority personnel and an Offerer during the procurement process. The designated staff for this procurement is Jacqueline McGovern, RFP Coordinator (ph: 518-257-3333, Email: [email protected]). Contacts made to other Dormitory Authority personnel regarding this procurement may disqualify the Offerer and affect future procurements with governmental entities in the State of New York. Please refer to the Authority’s website (www.dasny.org) for Authority policy and procedures regarding this law, or the OGS website (www.ogs.state.ny.us/aboutogs/regulations/defaultAdvisoryCouncil html) for more information about this law. All proposers, domestic and foreign, must be in compliance with New York State business registration requirements. Contact the NYS Department of State regarding compliance. In addition, business entities proposing to provide professional engineering services must obtain a Certificate of Authorization to Provide Engineering Services in New York State from the State Education Department. Proposals must be submitted in the full legal name of the proposer, or the full legal name plus a registered assumed name of the proposer, if any.

 

Primary Contact

Jacqueline McGovern

Senior Contract Administrator

DASNY

Procurement

515 Broadway

Albany, NY 12207

United States

Phone: (518) 257-3333

Fax: (518) 257-3955 (fax)

Email: [email protected]

Submit To Contact

Jacqueline McGovern

Senior Contract Administrator

DASNY

Procurement

515 Broadway

Albany, NY 12207

United States

Phone: (518) 257-3333

Fax: (518) 257-3955 (fax)

Email: [email protected]

Company Name Contact Name Phone Email Website Fax Designation Goods/Services
Ben services llc Eduardo Benalcazar 2012836964 [email protected]
  • Minority Owned Business (MBE)
  • Service Disabled Veteran Owned Business (SDVOB)
Blue Rock Insurance Services Inc Constance Sung 7188866601 [email protected] www.hibluerock.com
  • Minority Owned Business (MBE)
  • Women Owned Business (WBE)
  • NYS Certified Minority Owned Business (NYS-Cert. MBE)
  • NYS Certified Women Owned Business (NYS-Cert. WBE)
Bradley & Barnett Agency, Inc. Michele Barnett Occhino 845.803.8377 [email protected] bradleyandbbarnett.com 845.803.8266
  • Minority Owned Business (MBE)
  • Women Owned Business (WBE)
  • NYS Certified Minority Owned Business (NYS-Cert. MBE)
  • NYS Certified Women Owned Business (NYS-Cert. WBE)
Bradley & Barnett Agency is an insurance brokerage providing property, casualty, risk management, life and employee benefits products and services to business and individual clients.

Our insurance solutions include, but are not limited to general and professional liability, commercial property, builder’s risk, cyber, surety & performance bonds, workers compensation, businessowners policy and personal insurance. Our risk management solutions allow our clients to identify, quantify, and mitigate risk exposures in the areas of property and cyber risks. The services we offer include risk consultations, contract review, operational assessments and cyber security technical assistance.

We differentiate ourselves from the competition because we leverage our legal and real estate expertise to design and deliver customized insurance solutions across various industries. Our agents understand that a construction and professional indemnity policy is useful to the extent it complies with the terms outlined in the principal contract.

Marcia C Brogan Agency LLC Marcia C Brogan 7169121803 [email protected] Marciabroganinsuranceagency.com
  • Women Owned Business (WBE)
consultant