Covenant Risk Advisors, Inc.

Insurance Risk Advisory Services

Request for Proposal (RFP) Services


Purchasing products (Insurance, RMIS, CAT studies, Appraisals, etc.) and selecting vendor partners (Broker, TPA, Engineering, etc.) is a key component of any successful risk management program.


We provide impartial guidance and objective solutions for the procurement of products and vendor services which include:


  • Creating customized procurement specifications
  • Pre-qualifying prospective vendors
  • Obtaining confidentiality agreements
  • Developing requests for vendor proposals
  • Managing vendor communications
  • Developing decision scoring matrices
  • Analyzing competing proposals and providing recommendations
  • Assisting in negotiation of service agreements and fees
  • Overseeing contract and service implementation