Lake County Addendum Forum

insurance broker services for Lake County 21041

Addendum #2 – March 23, 2021

Q) Most current ground up loss runs for all lines of coverage included in the RFP. A) Lake County will provide this information to the awarded vendor.

Q) Does the current broker collect commission for the placement of Lake County’s insurance?  A) No
If so, please advise which lines of coverage are subject to commission? N/A

Q) Provide a breakdown of fees (if applicable) paid for the current term including the following:
a. Risk Management/Brokerage fee paid to current broker
b. TPA fee paid to IPMG
A) This is based on the number and types of claims annually (separate contract)
c. Safety and/or Loss Control Fees – Please provide breakdown if they    are charged separately
d. Consulting fees (Cyber, Law Enforcement, etc) 
A) There are not charged separately

Q) The evaluation committee will evaluate and determine the winner using the following criteria.  Will each criteria be weighted equally?  If not, please advise in order of importance, with the most important criteria first and the least important criteria last.   A) The evaluation criteria found in the RFP will be used to evaluate the proposals received in response to this RFP. In preparing a proposal response, vendors should consider all of the evaluation criteria.

March 11, 2021

Q) Would you be able to provide a schedule of insurance including the current premiums for each line of coverage?  This information will assist in providing our overall estimated insurance costs for the 12/1/21-22 term.


Liability $ 59,635.00
Public Official $ 43,104.00
Professional $ 135,369.00
Police $136,251.00
Property $ 312,548.00
Excess $ 130,564.00
WC $ 321,481.00
Crime $ 42,990.00
Cyber $ 58,039.00
Medical $ 202,371.00
Underground Storage Tanks $ 3,155.00
Auto $ 40,861.00