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Action Item #11 May 21, 2014 Compensation InsuranceProperty, Liability, and Workers’ Award of Contracts for Consideration of the
Property, Liability, and Workers’ Comp 2 Renewed contract to Marsh in May, 2013•and services the current policiesSenior Vice President, Stefan Szulc took over the account •Vice President,
Keith Grand, retired in July 2013•District’s broker since 2001Marsh Risk & Insurance Services (Marsh) has been the •compensation insurance coverage ends June 1, 2014 The District's
annual property, liability and workers’ •Background / History Insurance Renewal
Premium Summary 2014 1.15%$499,847$494,180% IncreaseProgram Premium $60,000 $60,000MarshMarsh Broker Fee$4,543$4,537ChubbCrime$28,344$27,351EssexExcess–Earthquake $52,075$50,251LandmarkPrimary–Ea
rthquake 18,868(3 yr term)18,327Steadfast(3 yr term ending June 1, 2017)Pollution $165,378$168,860AIGWorkers’ Compensation$22,900$22,200AWACExcess Liability Layer nd 2$147,739$142,654OneBeaconExcess
Layer)st Package (Liability, Property, Auto, and 1Premium2014 -2013PremiumExpiring CarrierCoverage 2015-
Fiscal Impact Insurance RenewalProperty, Liability, and Workers’ Comp 4 Sufficient funds for insurance renewal–$499,847Proposed insurance premiums and fees total •
Recommendation Insurance RenewalProperty, Liability, and Workers’ Comp 5 the period beginning June 1, 2014Award contracts for the insurance programs as proposed for •