Title
Public Entity Risk Management and Loss Control Consulting Services
History
LT Contractual Risk Solutions, Inc. has provided contractual risk management services to the Village of Orland Park since May 2020, with the objective of enhancing the Village’s risk management structure and ultimately reducing the overall cost of risk. To further support this goal, the Village has requested additional services to deliver a more comprehensive and holistic approach to risk management while minimizing the impact on Village staff.
The following is an overview of the additional services LT Contractual Risk Solutions, Inc. will provide:
· Management and coordination of the Risk Management Committee (RMC).
· Oversight and management of the Village’s property/casualty insurance broker and associated services.
· Coordination of the annual property/casualty coverage renewal, including underwriting preparation.
· Coordination with the Third Party Claims Administrator for property/casualty claims.
· Coordination of Village safety training, loss control evaluations, and technical safety prevention services provided by Titan Safety Services.
· Assistance to Departments with accident reviews and root cause analysis, as needed.
Titan/LT specializes in implementing comprehensive, ground-level risk management and safety solutions for local municipalities and has provided similar services to more than seventy (70) municipalities.
Financial Impact
Funds for these services are budgeted in GL 6100000-432800 for the amount of the contract.
Recommended Action/Motion
I move to approve and authorize the execution of a Professional Services Agreement with Titan Safety Management, Inc. / LT Contractual Risk Solutions, Inc. for Public Entity Risk Management and Loss Control Consulting Services for a period of three (3) years in the not-to-exceed annual amount of $137,750.00 for a total not-to-exceed contract price of $413,250.00.
AND
To authorize the Village Manager to execute ...
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