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Home My WebLink AboutTDPUD Proposal Summary as of 4-25Renewal Proposal � June 1,, 2012 to 2013 04� Marsh Risk & Insurance Services 345 California Street, Suite 1300 San Francisco, CA 94104 CA Insurance License #0437153 www.marsh.co-m TRUCKEE DONNER PUBLIC UTILITY DISTRICT PREMIUM SUMMARY JUNE 1, 2012 TO 2013 COVERAGE Expiring Program 2011-2012 Renewal Program 2012-2013 Carrier Premium Carrier Premium Package (GL/AL/PROP/ E&O/CRIME) OneBeacon $ 136,136 One Beacon $ 135,601 Excess Liability AWAC $ 20,000 AWAC $ 21,400 Workers' Comp Federal Ins. Co. $ 187,337 Federal Ins. Co. $ 166,410 Earthquake - Primary -Excess Landmark Essex $ $ 46,689 25,462 Landmark Essex $ $ 49,562 26,954 Crime Chubb $2Mil $ 4,537 Chubb $2Mil $ 4,537 Pollution Steadfast $1 Mil (3 Year PPD 11-14) $ 18,144 Steadfast $1 Mil (Delete Location) $ (866) Marsh Compensation Broker Fee $ 65,000 Broker Fee $ 55,000 TOTALS $ Percentage Change NOTE: - Premiums include any applicable SL Taxes and Fees - Optional TRIA is not included these premiums 503,305 $ 458,598 -8.88% Page 1 of 9 Truckee Donner Public Utility District Package Policy (General Liability, Auto, Property and Excess Liability) June 1, 2012 to 2013 PACKAGE COVERAGES Expiring Policy Renewal Option 6/1/2011-2012 6/1/2012-2013 Carrier & A.M. Best Rating OneBeacon Ins. Co. OneBeacon Ins. Co. AXII ` AXI Property Coverage: Building Limit $61,797,245 $65,508,503 Personal Property Limit $2,798,054 $2,805,388 Business Income & Extra Expense $2,500,000 $2,500,000 Blanket Flood Limit $10,000,000 $10,000,000 Special Theft Limits $10,000 $10,000 Equipment Breakdown $100,000 $100,000 Miscellaneous Tools $505,751 $505,751 Computer Fraud $25,000 $25,000 Contractors Equipment - Scheduled $235,480 $235,480 Newly Acquired Locations - Buildings $2,000,000 / 180 Days $2,000,000 / 180 Days Newly Acquired Locations - Personal Property $1,000,000 / 180 Days $1,000,000 / 180 Days Key Sublimits: Pollutant Cleanup Removal $100,000 $100,000 Debris Removal $250,000 $250,000 Claims Expense $50,000 $50,000 Reward $50,000 $50,000 Contractual Penalties $50,000 $50,000 Automatic Seasonal Increase $100,000 $100,000 Brands and Labels $50,000 $50,000 Leasehold Interest $25,000 $25,000 Business Income or Extra Expense Utility $25,000 $25,000 Dependent Properties $100,000 $100,000 Lessor's Lease Cancellation $25,000 $25,000 Lessors Tenant Relocation Expense $25,000 $25,000 Limited Coverage for Fungus, Rot and Bacteria - $15,000 $15,000 Aggregate Electric Data Damage or Destruction $50,000 $50,000 Soft Costs $25,000 $25,000 Temporary Reloaction of Property During Renovation $100,000 / 90 Days $100,000 / 90 Days or Remodeling Bucket Limits: $500,000 $500,000 Personal Effects Valuable Information Property Accounts Receivable Outdoor Property Hardware and Media Tenants Improvements and Betterments Electric Data Damage Fine Arts - Per Item $10,000 $10,000 Property in Transit $50,000 $50,000 International Air Shipments $25,000 $25,000 Property at Other Locations $50,000 $50,000 Crime Limits: $25,000 $25,000 Money & Securities Employee Theft Money Orders and Counterfeit Paper Forgery and Alteration Inside Premises - Robberty or Safe Burglary or Other - ERISA Employee Theft Deductibles Property and All Other $25,000 $25,000 Flood 1 $25,000 1 $25,000 Page 2 of 9 General Liability Coverages: Each Occurrence Limit- Bodily Inujuryand Property $1,000,000 $1,000,000 Damage Liability (Coverage A) Personal & Advertising Injury Limit (Coverage B) $1,000,000 $1,000,000 General Aggregate Limit $5,000,000 $5,000,000 Products/Completed Operations Aggregate Limit $5,000,000 $5,000,000 Damage To Premises Rented To You Limit $1,000,000 $1,000,000 Failure to Supply $1,000,000 $1,000,000 Medical Expense Limit Deductible $25,000 for A&B $25,000 for A&B Automobile Coverages: Auto Liability Limit $1,000,000 $1,000,001 Med Pay Excluded Excluded Hired Auto Physical Damage Comprehensive $100,000 $100,000 Collision $100,000 $100,000 Deductible $25,000 / $25,000 $25,000 / $25,000 Uninsured Motorist BI - Limit $1,000,000 $1,000,000 Rental Reimbursement Excluded Excluded Professional Liability Coverages: Errors & Omissions $1,000,000 $1,000,000 Each Wrongful Act Aggregate $5,000,000 $5,000,000 Deductible $25,000 $25,000 Employment Practices Each Offense $1,000,000 $1,000,000 Aggregate $5,000,000 $5,000,000 Deductible $25,000 $25,000 Employee Benefits Each Offense $1,000,000 $1,000,000 Aggregate $5,000,000 $5,000,000 - Deductible $25,000,000 $25,000,000 Excess Liability Coverage: Aggregate Limit $10,000,000 $10,000,000 Each Claim $10,000,000 $1,000,000 Annual Premium $136,136.00 $135,601.00 Optional TRIA Premium (rejected) $1,706.00 $1,746.00 Change in Premium from Expiring: -0.39% Page 3 of 9 Truckee Donner Public Utility District Excess Liability June 1, 2012 to 2013 COVERAGE Expiring Renewal Option 1 6/1 /2011-2012 1 6/1 /2012-2013 Carrier & A.M. Best Rating Excess Liability Limits: Each Occurrence and Aggregate Limit Excess of Underlying Limits Annual Premium Optional TRIA Premium Change in Premium from Expiring: Ailed World Allied World AXV * AXV * $10,000,000 $10,000,000 $20,000.00 $21,400.00 Rejected 6.54% Page 4 of 9 Truckee Donner Public Utility District Workers' Compensation and Employers' Liability June 1, 2012 to 2013 COVERAGE arrier & A.M. Best Rating Policy Limits Workers' Compensation Employers Liability: - Each Accident - Policy Limit - Each Employee Exposure and Rate: Estimated Payroll Composite Rate (Incl. Premium and Surcharges) Premium: Annual Premium Taxes & Surcharges Total Premium Change in Premium from Expiring: Change in Exposures from Expiring: Change in Rate from Expiring: Expiring ;/1 /2011-6/1 /2012 Federal Ins. Co. A++XV * Statutory $1,000,000 $1,000,000 $1,000,000 5,649,923 $ 0.0314 $177,517 $9,820 $187,337 Renewal /2012-201 Federal Insurance Co. A++XV* Statutory $1,000,000 $1,000,000 $1,000,000 5,789,178 0.0276 $159,625 $6,785 $166,410 -10.08% 2% -12.24% Page 5 of 9 Truckee Donner Public Utility District Difference In Conditions - Primary and Excess June 1, 2012 to 2013 COVERAGE Expiring Policy Renewal Policy 6/1 /2011-2012 1 6/1 /2012-2013 Carrier & A.M. Best Rating Total Insurable Values DIC Primary Limits DIC Excess Limits Deductible Premium: Primary Premium Excess Premium Surplus Lines Taxes and Fee Total Premium Including Taxes and Fees Minimum Earned Premium Optional TRIA Premium Change in Premium from Expiring: Change in Exposures from Expiring: Change in Rate from Expiring: Landmark AXII and Essex AXIII $61,272,101 $5,000,000 $5,000,000 5% subject to a minimum of $25,000 $46,688.62 $25,462.48 Included $72,151.10 25% Rejected Landmark AXII and Essex AXIII $64,990,691 $5,000,000 $5,000,000 5% subject to a minimum of $25,000 $49, 562.00 $26,954.45 Included $76,516.45 25% Rejected 6.05% 6.07% 0.00% Page 6 of 9 Truckee Donner Public Utility District Crime June 1, 2012 to 2013 COVERAGE Expiring I Renewal 6/1/2011-2012 6/1/2012-2013 Carrier & A.M. Best Rating Crime Coverage Section Employee Theft Premises Forgery Computer Fraud Funds Transfer Fraud Money Orders & Counterfeit Fraud Credit Card Fraud Client Expense Deductible Options Notes Premium Change in Premium from Expiring: Federal Ins. Co. A++XV * $2,000,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000 $25,000 $5,000 $4,537 Federal Ins. Co. A++XV * $2,000,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000 $25,000 $5,000 Flat Renewal $4,537 0% Page 7 of 9 Truckee Donner Public Utility District Pollution Liability June 1, 2012 to 2013 COVERAGE Current Policy 6/1 /2011-2014 (3 Year Prepaid Carrier & A.M. Best Rating Steadfast Ins. Co. A+XV Limits of Liability: Each Pollution Event $1,000,000 Aggregate Policy Limit $1,000,000 Deductible Each Pollution Event $25,000 Insuring Agreements A - Cleanup Costs - Yes Existing Pollution Event B - Bodily Injury or Property Damage - Yes Existing Pollution Event C - Cleanup Costs - Yes New Pollution Event D - Bodily Injury or Property Damage - Yes New Pollution Event Premium $16,800.3C Surplus Lines Taxes and Fees $ 546.01 Total Premium including $ 18,143.61 Taxes and Fees Change in Premium from Expiring: 0.00% Page 8 of 9 Truckee Donner Public Utility District Insurance Proposal June 1, 2012 to 2013 Please Note: * A.M. Best ratings of these insurers are provided for information purposes only and are based upon information with respect to such ratings available to Marsh as of the date of this Proposal. Marsh will not, and will have no responsibility or obligation to, inform you or any other person(s) relying upon this information of any changes in such Best ratings occurring after such date. Marsh will have no liability with respect to the solvency or future ability to pay claims of any of the insurance companies which have issued the insurance policies referenced herein. This document and any recommendations, analysis, or advice provided by Marsh (collectively, the "Marsh Analysis") are intended solely for the entity identified as the recipient herein ("you"). This document contains proprietary, confidential information of Marsh and may not be shared with any third party, including other insurance producers, without Marsh's prior written consent. Any statements concerning actuarial, tax, accounting, or legal matters are based solely on our experience as insurance brokers and risk consultants and are not to be relied upon as actuarial, accounting, tax, or legal advice, for which you should consult your own professional advisors. "Any modeling, analytics, or projections are subject to inherent uncertainty, and the Marsh Analysis could be materially affected if any underlying assumptions, conditions, information, or factors are inaccurate or incomplete or should change. The information contained herein is based on sources we believe reliable, but we make no representation or warranty as to its accuracy. Except as may be set forth in an agreement between you and Marsh, Marsh shall have no obligation to update the Marsh Analysis and shall have no liability to you or any other party with regard to the Marsh Analysis or to any services provided by a third party to you or Marsh. Marsh makes no representation or warranty concerning the application of policy wordings or the financial condition or solvency of insurers or reinsurers. Marsh makes no assurances regarding the availability, cost, or terms of insurance coverage. Page 9 of 9