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Home My WebLink About9-1, Attachment, Insurance 2013-14 Proposal SummaryRenewal Proposal June 1,, 2013 to 201 Op r -;A i Marsh Risk & Insurance Services 345 California Street, Suite 1300 San Francisco, CA 94104 CA Insurance License #0437153 www.marsh.com Attachment 1 TRUCKEE DONNER PUBLIC UTILITY DISTRICT PREMIUM SUMMARY JUNE 1, 2013 TO 2014 COVERAGE Expiring Program 2012-2013 Renewal Program 2013-2014 Carrier Premium Carrier Premium Package (GL/AL/PROP/ E&O/CRIME) OneBeacon $ 135,601 OneBeacon AWAC $ $ 141,820 22,200 Excess Liability AWAC $ 21,400 Workers' Comp Federal Ins. Co. $ 166,410 ICSOP $ 152,050 Earthquake - Primary -Excess Crime Landmark Essex $ $ 49,562 26,954 Landmark (est) Essex (est) Chubb $2Mil $ $ $ 52,797 28,749 4,537 Chubb $2Mil $ 4,537 Pollution Steadfast $1 Mil (3 Yr PPD 11-14) $ - Steadfast $1 Mil (3 Yr PPD 11-14) $ - Marsh Compensation Broker Fee $ 55,000 Broker Fee $ 60,000 TOTALS $ Percentage Change NOTE: - Premiums include any applicable SL Taxes and Fees - Optional TRIA is not included these premiums 459,464 $ 46Z 153 0.59% Page 2 of 10 Attachment 1 Truckee Donner Public Utility District Package Policy (General Liability, Auto, Property and Excess Liability) June 1, 2013 to 2014 PACKAGE COVERAGES Expiring Policy Renewal Option 6/1/2012-2013 6/1/2013-2014 Carrier & A.M. Best Rating OneBeacon Ins. Co. Atlantic Specialty Ins. Co. AXII " AXI " Property Coverage: loom - Building Limit $65,508,503 $66,378,728 Personal Property Limit $2,805,388 $2,924,675 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 $522,315 Computer Fraud $25,000 $25,000 Contractors Equipment - Scheduled $235,480 $242,480 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 $100,000 / 90 Days $100,000 / 90 Days Renovation 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 $25,000 $25,000 Page 3 of 10 Attachment 1 General Liability Covera es: Each Occurrence Limit - Bodily Inujury and 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 $1,000,000 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 $10,000,000 Annual Premium $135,601 $141,820 Optional TRIA Premium (rejected) $1,746 $218 Change in Premium from Expiring: 4.60% Page 4 of 10 Attachment 1 Truckee Donner Public Utility District Excess Liability June 1, 2013 to 2014 COVERAGE Expiring Renewal Option 1 6/1 /2012-2013 6/1 /2013-2014 Carrier & A.M. Best Rating Ailed World Allied World AXV * AXV * Excess Liability Limits: Each Occurrence and Aggregate Limit $10,000,000 $10,000,000 Excess of Underlying Limits Annual Premium $21,400 $22,200 Optional TRIA Premium Rejected Change in Premium from Expiring: 3.70% Page 5 of 10 Attachment 1 Truckee Donner Public Utility District Workers' Compensation and Employers' Liability June 1, 2013 to 2014 COVERAGE Expiring Renewal 6/112012-6/112013 6/1/2013-2014 Carrier & A.M. Best Rating Federal Ins. Co. Ins Co State of Pa A++XV A XV Policy Limits Workers' Compensation Statutory Statutory Employers Liability: - Each Accident $1,000,000 $1,000,000 - Policy Limit $1,000,000 $1,000,000 - Each Employee $1,000,000 $1,000,000 Exposure and Rate: Estimated Payroll $5,789,177 $6,093,678 Composite Rate (Incl. Premium and Surcharges) 0.0287 0.0250 Premium: Annual Premium $159,625 $152,050 Taxes & Surcharges $6,785 incl Total Premium $166,410 $152,050 Change in Premium from Expiring: -8.60% Change in Exposures from Expiring: 0% Change in Rate from Expiring: -12.90% Page 6 of 10 Attachment 1 Truckee Donner Public Utility District Difference In Conditions - Primary and Excess June 1, 2013 to 2014 COVERAGE Expiring Policy Renewal Policy 6/112012-2013 6/1/2013-2014 Carrier & A.M. Best Rating Landmark AXII and Landmark AXII and Essex AXIII * Essex AXIII Total Insurable Values $64,990,691 $65,980,203 DIC Primary Limits $5,000,000 $5,000,000 DIC Excess Limits $5,000,000 $5,000,000 Deductible 5% subject to a 5% subject to a minimum of $25,000 minimum of $25,000 Premium: Primary Premium $49,562 $52,797 Excess Premium $26,954 $28,749 Surplus Lines Taxes and Fee Included included Total Premium Including Taxes and Fees $76,516 $81,546 Minimum Earned Premium 25% 25% Optional TRIA Premium Rejected Rejected Change in Premium from Expiring: 6.60% Change in Exposures from Expiring: 1.50% Change in Rate from Expiring: 5.00% Page 7 of 10 Attachment 1 Truckee Donner Public Utility District Crime June 1, 2013 to 2014 COVERAGE Expiring 611/2012-2013 Renewal 6/1/2013-2014 Carrier & Federal Ins. Co. Federal Ins. Co. A.M. Best Rating A++XV * A++XV * Crime Coverage Section Employee Theft $2,000,000 $2,000,000 Premises $2,000,000 $2,000,000 Transit $2,000,000 $2,000,000 Forgery $2,000,000 $2,000,000 Computer Fraud $2,000,000 $2,000,000 Funds Transfer Fraud $2,000,000 $2,000,000 Money Orders & Counterfeit $2,000,000 $2,000,000 Fraud Credit Card Fraud $2,000,000 $2,000,000 Client $2,000,000 $2,000,000 Expense $25,000 $25,000 Deductible Options $5,000 $5,000 Notes Flat Renewal Premium $4,537 $4,537 Change in Premium from Expiring: 0% Page 8 of 10 Attachment 1 Truckee Donner Public Utility District Pollution Liability June 1, 2013 to 2014 COVERAGE Current Policy 6/1 /2011-2014 (3 Year Prepaid Policy Term 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 Surplus Lines Taxes and Fees $1,344 Total Premium including $18,144 Taxes and Fees no pmt current yr Change in Premium from Expiring: 0.00% Page 9 of 10 Attachment 1 Truckee Donner Public Utility District Insurance Proposal June 1, 2013 to 2014 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 10 of 10