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Home My WebLink About9-1, Attachment, revised Insurance 2013-2014 ProposalTRUCKEE DONNER PUBLIC UTILITY DISTRICT PREMIUM SUMMARY JUNE 1, 2013 TO 2014 COVERAGE I Expiring Program I Renewal Program 2012-2013 2013-2014 Package (GL/AL/PROP/ OneBeacon $ 135,601 OneBeacon $141,820 E&O/CRIME) Excess Liability AWAC $ 21,400 AWAC $22,200 Workers'Comp Federal Ins. Co. $ 166,410 ICSOP $152,050 Earthquake - Primary Landmark $ 49,562 Landmark $50,251 -Excess Essex $ 26,954 Essex $27,351 Crime Chubb $2Mil $ 4,537 Chubb $2Mil $ 4,537 Pollution Steadfast $1 Mil $ - Steadfast $1 Mil $ - (3 Yr PPD 11-14) (3 Yr PPD 11-14) Marsh Compensation Broker Fee $ 55,000 Broker Fee $ 60,000 TOTALS $ 459,464 Percentage Change NOTE: - Premiums include any applicable SL Taxes and Fees - Optional TRIA is not included these premiums $ 458,209 -0.27% Page 1 of 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: 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 General Liability Coverages: 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 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 Truckee Donner Public Utility District Workers' Compensation and Employers' Liability June 1, 2013 to 2014 COVERAGE Expiring Renewal 6/1/2012-6/1/2013 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: Change in Exposures from Expiring: -8.60% 0% Change in Rate from Expiring: -12.90% Page 6 of 10 Truckee Donner Public Utility District Difference In Conditions - Primary and Excess June 1, 2013 to 2014 COVERAGE & A.M. Best Rating otal Insurable Values 1IC Primary Limits 1IC Excess Limits 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: Chanae in Rate from Expirina: Expiring Policy Landmark AXII and Essex AXIII $64,990,691 $5,000,000 $5,000,000 5% subject to a minimum of $25,000 $49,562 $26,954 Included $76,516 25% Rejected Renewal Policy Landmark AXII and Essex AXIII $65,980,203 $5,000,000 $5,000,000 5% subject to a minimum of $25,000 $50,251 $27,351 included $77,602 25% Rejected 1.40 1.50 -1.00% Page 1 of 1 Truckee Donner Public Utility District Crime June 1, 2013 to 2014 COVERAGE Expiring 6/1/2012-2013 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: 00/0 Page 8 of 10 Truckee Donner Public Utility District Pollution Liability June 1, 2013 to 2014 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 fff- $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 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. 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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