Nassau Health Care Corporation (NHCC) is seeking proposals for professional liability insurance, including captive management and strategic planning services. The selected vendor will act as an independent strategic advisor, evaluating NHCC's current risk financing structure and providing recommendations. Key services include a diagnostic report of the existing captive, analysis of strategic alternatives, domicile strategy, and actuarial financial feasibility. Vendors must have at least 10 years of experience in advisory and captive management, with expertise in both onshore and offshore domiciles, specifically the Cayman Islands. Proposals are due August 21, 2026, by 4:00 PM. Electronic submissions are required.
Proposals are due August 21, 2026, at 4:00 p. m.
Payments shall be made to contractor in arrears, subject to compliance with NHCC billing payment procedures, and contingent upon contractor submitting an invoice accompanied by documentation satisfactory to NHCC supporting the amount claimed.
The committee will utilize a 100-point scoring grid, with points awarded for firm experience and qualifications (45 points), project approach and methodology (25 points), cost and fee proposal (25 points), and NYS diversity compliance (5 points).
The firm must act as an objective consultant and disclose any potential conflicts of interest. Vendors must possess and document extensive advisory and captive management experience in both onshore and offshore domiciles, specifically with Cayman Islands regulatory frameworks, and have a minimum of 10 years of experience providing similar services to healthcare systems.
If a prospective bidder is found to have knowingly and willfully violated the State Finance Law provisions, that prospective bidder and its subsidiaries, related or successor entities will be determined to be a non-responsible bidder and will not be awarded any contract issued pursuant to this RFP.
NHCC reserves the right to conduct investigations with respect to the qualifications of each proposer, to make field investigations with respect to such proposals including visits to the proposers business offices or field operations.
The deadline for questions is August 10, 2026.
Submissions that are incomplete or fail to meet the specified requirements may be rejected without review. Violations of procurement requirements can lead to disqualification.