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Question
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In an effort to ensure our team has a clear understanding of the University’s expectations regarding the financial proposal, we are submitting the following question.
Page 4 states: The University anticipates there will be no revenue charges outside of normal insurance commissions for brokerage or other services performed by the contractor. Is this statement to be interpreted that the University will only accept a commission based financial proposal or will the University accept a net of commissions fee based proposal? I.e.: a flat annual fee for all brokerage services in lieu of commissions.
Thank you very much for your assistance.
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Answer
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No, that is not a correct interpretation. To be clear, Clemson is open to any and all types of finanical offers - fee, commission, or other. We are NOT restricting it to any specific option as it is clear to us from our market research that there are many varied approaches taken to this by different organizations. However, what we are wanting to see is clear detail, in whatever approach you offer, of how much money your company will make by Clemson entering a contract with you. If you present Clemson with a policy that costs Clemson $100 before any types of fee, commission, or other arrangements are added onto that, then we want to know how much your company is making by Clemson buying that policy. Some companies will simply charge us $100 and then a flat fee in addition to that; others will charge $100 plus a fixed %; others may charge $120 and say "the policy costs $120 and we get paid by someone paying us a piece of the $120." In that last case, we want to to know what that piece you get is. So this statement is our attempt to say - tell submit an offer that says you make 10% on every $100 we spend on a policy while you are also recieving a portion of that $100 back via some other arrangement. Our intent here is to created a level and transparent playing field where we know how much we are paying to do business with your company.
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Submitted
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2/3/2023 10:26:35 AM (ET)
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Question
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Does the University utilize any loss control or claim services provided by a third party other than your current agents/brokers or insurers, even if secured by a current agent/broker? If so, will you list those services?
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Answer
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Submitted
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2/3/2023 10:08:58 AM (ET)
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Question
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On RFP page 5, Contractor Requirements Item 3. States “All policies that are already under contract will remain with the current policy holder until expiration date.” Is this “expiration date” the expiration of the current policy period, or expiration of the “Maximum Contract Period” for each policy previously awarded?
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Answer
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Current policy period
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Submitted
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2/3/2023 10:05:33 AM (ET)
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Question
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Is the commercial crime policy awarded in 2020 with an initial contract period of 7/1/2020-6/30/2021 still in effect with an expiration of 6/30/2023?
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Answer
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yes and will have to be bid if we don't have a broker
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Submitted
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2/3/2023 10:05:01 AM (ET)
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Question
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Will you provide a summary or list of actual agent/broker provided claims services the University has utilized during the past 3 years? This does not include services coordinated by the agent/broker but provided by the insurer.
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Answer
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I can provide a list of adjusters used by IRF and other insurance companies Please make a SC FOIA request to jsoldan@clemson.edu.
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Submitted
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2/3/2023 10:04:15 AM (ET)
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Question
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Will you provide a summary or list of actual agent/broker provided loss control services Clemson has utilized during the past 3 years? This does not include services coordinated by the agent/broker but provided by the insurer.
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Answer
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No
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Submitted
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2/3/2023 09:58:48 AM (ET)
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Question
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For the policies that are a subject of this RFP, will you provide the most recent loss runs you or your current agent/broker possess for each policy or policy type or confirm no losses for a policy/policy type if none have been reported? Five (5) years data preferred.
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Answer
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yes, please make a SC FOIA request to jsoldan@clemson.edu.
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Submitted
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2/3/2023 09:57:59 AM (ET)
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Question
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Are any of the services described in the RFP to be provided in relation to the policies secured from or available from the South Carolina Insurance Reserve Fund? If so, will you provide a list or describe those services?
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Answer
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Submitted
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2/3/2023 09:56:34 AM (ET)
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Question
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Will you provide a list of the policies the University secures from the Insurance Reserve Fund?
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Answer
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yes, please make a SC FOIA request to jsoldan@clemson.edu.
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Submitted
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2/3/2023 09:55:44 AM (ET)
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Question
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Will you provide a list or schedule of policies that are underlying to the Excess Casualty policy?
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Answer
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yes, please make a SC FOIA request to jsoldan@clemson.edu.
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Submitted
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2/3/2023 09:55:02 AM (ET)
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