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Res No 094-22-15847RESOLUTION NO. 094-22-15847 A Resolution authorizing the City Manager to purchase Property Insurance including Property and Crime, Boiler and Machinery, General Liability, Law Enforcement Liability, Auto Liability, Public Officials Liability, Employment Practices Liability, Cyber Liability, and Worker's Compensation Insurance from Public Risk Management of Florida (PRM) for Fiscal Year 2022-2023. WHEREAS, the insurance marketplace for Municipalities is limited; and WHEREAS, City staff through its current carrier, World Risk Management (PRM), solicited and received quotes for Property Insurance including Boiler and Machinery, General Liability Insurance, Automobile Liability and Damage Insurance, Inland Marine Insurance, Crime/Fidelity Insurance, Law Enforcement Liability Insurance and Worker's Compensation Insurance; and WHEREAS, City staff also solicited a proposal from Florida Municipal Insurance Trust (FMIT) and Preferred Governmental Insurance Trust (PGIT) but did not receive a proposal during the required timeframe; and WHEREAS, the City received a quote in the amount of $668,495 from PRM, representing a 9.3% increase from last year; and WHEREAS, the City Staff recommends that the City elect coverage with PRM for all above Insurances for 2022-2023 Fiscal Year based upon the current proposal; and WHEREAS, the premium amount shall be charged to departmental line items in their respective account numbers. NOW THEREFORE BE IT RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF SOUTH MIAMI, FLORIDA THAT: Section 1. The foregoing recitals are hereby ratified and confirmed as being true and they are incorporated into this resolution by reference as if set forth in full herein. Section 2. The City Manager is authorized to purchase the insurance policy for PRM for Property Insurance including Boiler and Machinery, General Liability Insurance, Automobile Liability and Damage Insurance, Inland Marine Insurance, Crime/Fidelity Insurance, Law Enforcement Liability Insurance and Worker's Compensation Insurances for the 2022-2023 Fiscal Year. Page 1 of2 Res . No . 094-22-15847 Section 3 . Corrections. Confor mi ng l angu age o r technica l scrive n er-type co rrectio n s may be made by the City Attorney for any conform i ng amendments to be i n corporated into t he final resoluti o n for signature. Sec t ion 4. Severab i lity. If any sect io n clause, sentence, or p h rase of this resolution is for any reason held inva lid o r u n constitutiona l by a co u rt of competent ju ris diction, the h olding sh all n ot affect t h e va li d i ty of t h e rema ini ng p orti o ns of t hi s reso l ut ion. Sect ion 5 . Effective Date. Th i s reso l ution sh al l become effective immed i ately u pon adopt ion . PASSED AND A DO PTED this 16th day of August, 2022. ATT EST: Cl~~ READ A N D APP RO V ED AS TO FORM, LANG UAGE, LEGALITY A ND %;ifil CIT Y ATTORNE Y COMM ISS ION VOT E: Mayor Philips : Comm issioner Corey: Comm issioner Harris: Commissioner Liebman: Commiss i oner Gil: Page 2 of2 5-0 Yea Yea Yea Yea Yea Agenda Item No:1. City Commission Agenda Item Report Meeting Date: August 16, 2022 Submitted by: Samantha Fraga-Lopez Submitting Department: City Manager Item Type: Resolution Agenda Section: Subject: A Resolution authorizing the City Manager to purchase Property Insurance including Property and Crime, Boiler and Machinery, General Liability, Law Enforcement Liability, Auto Liability, Public Officials Liability, Employment Practices Liability, Cyber Liability, and Worker’s Compensation Insurance from Public Risk Management of Florida (PRM) for Fiscal Year 2022-2023. 3/5 (City Manager) Suggested Action: Attachments: Memo_Liability_Insurance_2022-2023.docx Reso_Liability_Insurance_2022-2023 CArev.docx South Miami 2022 - 2023 PC Renewal Proposal 7.20.pdf 1 CITY OF SOUTH MIAMI OFFICE OF THE CITY MANAGER INTER-OFFICE MEMORANDUM TO:The Honorable Mayor & Members of the City Commission VIA:Shari Kamali, City Manager FROM: Samantha Fraga-Lopez, Assistant City Manager DATE:August 16, 2022 SUBJECT:A Resolution authorizing the City Manager to purchase Property Insurance including Property and Crime, Boiler and Machinery, General Liability, Law Enforcement Liability, Auto Liability, Public Officials Liability, Employment Practices Liability, Cyber Liability, and Worker’s Compensation Insurancefrom Public Risk Management of Florida (PRM) for Fiscal Year 2021-2022. Background:City staff solicited and received through the incumbent, World Risk Management, a proposal from Public Risk Management of Florida(PRM). Staff also solicited a proposal from Florida Municipal Insurance Trust (FMIT) and Preferred Governmental Insurance Trust (PGIT) butdidnot receive a proposalduring the required timeframe.The proposal represents a 9.3% increase based on increased property values and estimated payroll. The following table is the breakdown of the coverages and costs offered by PRM: PRM Summary of Proposed Premiums: Property & Crime $224,451 Boiler and Machinery $ 2,516 GL/LEL/AL/E&O/Excess Liability $331,209 Workers’ Compensation $ 120,499 Preferred Member Credit -$10,180 TOTAL $668,495 Recommendation:City staff recommends the City renew its policy with PRM for its Property Insurance including Property and Crime, Boiler and Machinery, General Liability, Law Enforcement Liability, Auto Liability, Public Officials Liability, Employment Practices Liability, Cyber Liability, and Worker’s Compensation Insurance from Public Risk Management of Florida (PRM) for a total premium of $668,495. Attachments:Proposed Resolution PRM Proposal 2 THE CITY OF PLEASANT LIVING CITY OF 2019‐2020 RENEWAL PROPOSAL PROPERTY & CASUALTY INSURANCE DATA CITY OF SOUTH MIAMI Renewal Proposal For Property & Casualty Insurance Coverage Effective: 10/01/2022 Expiration: 10/01/2023 THIS DOCUMENT IN ITS ENTIRETY IS CONFIDENTIAL & PRIVILEGED IN NATURE – NOT FOR PUBLIC RECORD 5 CITY OF 2019‐2020 RENEWAL PROPOSAL PROPERTY & CASUALTY INSURANCE DATA SUBJECT PAGE NUMBER Named Insured 1 Executive Summary 2 Property, Property Terrorism, Property Active Shooter & Crime Proposal 3 Ancillary – Equipment Breakdown Proposal 9 General Liability Proposal 10 Auto Liability Proposal 11 Public Officials / Employment Practices Liability 12 Optional ‐ Excess Liability 14 Workers’ Compensation 15 Ancillary – Cyber Liability 17 Ancillary/Optional – Pollution & Remediation Legal Liability 18 Ancillary/Optional – Airport Owners & Operators Liability 19 Exposure Change 20 Proposal Pricing & Binding Authority 21 TABLE OF CONTENTS 6 CITY OF SOUTH MIAMI 2022 – 2023 RENEWAL PROPOSAL PROPERTY & CASUALTY INSURANCE PRESENTED: JULY 20, 2022 1 NAMED INSURED NAMED INSURED AND MAILING ADDRESS CITY OF SOUTH MIAMI 6130 SUNSET DRIVE SOUTH MIAMI, FL 33143 This proposal contains most terms, conditions, limits and deductibles provided under the program. However, refer to the PRM Coverage Document for specific and complete terms and conditions. PREPARED BY 20 NORTH ORANGE, S UITE 500 ORLANDO, FL 32801 PHONE: (407) 445‐2414 FAX: (407) 445‐2868 TOLL FREE: (888) 501‐0014 7 WORLD Risk Management * A BALLATOR COMPANY WORLD Risk Management . A BALLATOR COMPANY CITY OF SOUTH MIAMI 2022 – 2023 RENEWAL PROPOSAL PROPERTY & CASUALTY INSURANCE PRESENTED: JULY 20, 2022 2 EXECUTIVE SUMMARY WHO WE ARE The WRM management team brings over 100 combined years of insurance industry intellectual capital to our clients dedicated to Public Entity Risk Management and insurance solutions. Knowing that broad insurance resources and strong market relationships are essential, along with industry expertise and experience, WRM tactically sought out well‐respected industry talent, with solid reputations and stellar track records to join our leadership ranks. WRM is a member of Ballator Insurance Group, formerly Accretive Insurance Services. Ballator provides insurance program development, pool creation and underwriting, pool administration services and insurance placement to both the Public Entity and Non‐Profit sectors. WRM employs a highly professional staff that has a proven record of identifying and satisfying client’s needs. WRM’s team commitment is reflected in a combined risk management knowledge and experience. WHAT WE DO We bring fresh and innovative ideas into the insurance industry. WRM uses our ability of being a “Boutique Broker” to take advantage of the ever‐changing insurance market opportunities. WRM has the expertise that most small private agents and brokers do not have, and the large publicly traded brokers cannot take advantage of due to their size and corporate structure. WRM offers clients a thorough and meticulous insurance need analysis, plus delivers competitive cutting‐edge products and services from nationally recognized insurance carriers based on realistic and reasonable fee and/or commissions. WRM’s dedicated Management/Service Team is recognized throughout the industry for their commitment to providing clients with prompt responses and solutions. OUR REPUTATION WRM’s management team has an industry wide reputation for professionalism, quality service, knowledge, and client involvement on a daily basis at all levels, plus a genuine commitment to protect and shield employees and property of public entity groups and other businesses. WRM believes in its ability to lead in the field of risk management and loss management and provide innovative solutions. OUR CORPORATE PARTNERS World Risk Management along with its partner companies’ mission is to maintain success through commitment, honest and timely communication, vision innovation and customer satisfaction. BALLATOR INSURANCE GROUP WORLD RISK MANAGEMENT FIRST FLORIDA INSURANCE BROKERS NON‐PROFIT INSURANCE SERVICES LIBERTATE INSURANCE 8 WORLD Risk Management . A BALLATOR COMPANY CITY OF SOUTH MIAMI 2022 – 2023 RENEWAL PROPOSAL PROPERTY & CASUALTY INSURANCE PRESENTED: JULY 20, 2022 3 PROPERTY PROPOSAL PROPERTY EXPIRING COVERAGE 10/01/2021 TO 10/01/2022 RENEWAL 10/01/2022 TO 10/01/2023 COMPANY PUBLIC RISK MANAGEMENT OF FLORIDA PUBLIC RISK MANAGEMENT OF FLORIDA TOTAL INSURED VALUES $35,648,893 $36,993,534 DEDUCTIBLES  ALL OTHER PERILS, EXCEPT:  ALL OTHER FLOOD – PER UNIT  FLOOD – ZONES A&V  NAMED WINDSTORM PER UNIT VALUES SHALL APPLY $1,000 $1,000 EXCESS OF NFIP 5%     VALUATION  AUTO PHYSICAL DAMAGE  BUSINESS INCOME  COINSURANCE  INLAND MARINE  PROPERTY ACTUAL CASH VALUE ACTUAL LOSS SUSTAINED NONE REPLACEMENT COST REPLACEMENT COST      ASSOCIATION LIMITS ALL PERILS, COVERAGE’S AND INSURED’S/MEMBERS COMBINED – PER OCCURRENCE, SUBJECT TO THE FOLLOWING SUB‐LIMITS: $250,000,000  ‐ FLOOD – PER OCCURRENCE ANNUAL AGGREGATE $50,000,000  ‐ FLOOD SUBLIMIT – ANNUAL AGGREGATE ‐ CONTRACTORS EQUIPMENT ‐ FINE ARTS ‐ LICENSED VEHICLES ‐ UNLICENSED VEHICLES $5,000,000  ‐ FLOOD SUBLIMIT ‐ PER OCCURRENCE ‐ MISCELLANEOUS UNNAMED LOCATIONS $10,000,000  ‐ EARTHQUAKE SHOCK LIMIT ‐ PER OCCURRENCE & IN THE ANNUAL AGGREGATE $50,000,000  ‐ WIND/HAIL LIMIT PER OCCURRENCE NAMED WINDSTORM $100,000,000  ‐ AUTO PHYSICAL DAMAGE ‐ ON AND OFF PREMISES ‐ OVER THE ROAD INCLUDED $10,000,000   PER EXPIRING CHANGE OR IMPROVEMENT TO EXPIRING 9 WORLD Risk Management . A BALLATOR COMPANY CITY OF SOUTH MIAMI 2022 – 2023 RENEWAL PROPOSAL PROPERTY & CASUALTY INSURANCE PRESENTED: JULY 20, 2022 4 PROPERTY PROPOSAL PROPERTY EXPIRING COVERAGE 10/01/2021 TO 10/01/2022 RENEWAL 10/01/2022 TO 10/01/2023 ASSOCIATION SUBLIMITS [NOT ALL INCLUSIVE…] ‐ ACCIDENTAL CONTAMINATION $250,000/$500,000  ‐ ACCOUNT RECEIVABLES INCLUDED  ‐ ANIMALS ‐ UNSCHEDULED ANIMALS $50,000 FOR ANY ONE ANIMAL / $250,000 PER OCCURRENCE  ‐ ASBESTOS CLEAN‐UP & REMOVAL (RESULTANT) LIMITED COVERAGE  ‐ AUTOMATIC ACQUISITION LIMIT $25,000,000  ‐ AUTOMATIC ACQUISITION LIMIT FOR ‐ VEHICLES ‐ SPECIAL FLOOD HAZARD AREAS $10,000,000 $10,000,000 ANNUAL AGGREGATE  ‐ BUILDING ORDINANCE UNDAMAGED PORTION OF BUILDING INCLUDED  ‐ BUSINESS INTERRUPTION $100,000,000  ‐ CIVIL AUTHORITY WITHIN 10 MILES OF INSURED PREMISE 30 DAYS  ‐ CLAIM PREPARATION EXPENSE $1,000,000  ‐ CONTINGENT BUSINESS INTERRUPTION $5,000,000 EXCEPT T AX INTERRUPTION EXCLUDED  ‐ COURSE OF CONSTRUCTION & ADDITIONS $50,000,000 EXCLUDES FRAME BUILDERS RISK  ‐ DEBRIS REMOVAL INCLUDED  ‐ DEMOLITION INCLUDED  ‐ EARTH MOVEMENT EXCEPT ‐ VEHICLES, CONTRACTORS EQUIPMENT, FINE ARTS C OMBINED $50,000,000 ANNUAL AGGREGATE $5,000,000 COMBINED AGGREGATE  ‐ ELECTRONIC DATA PROCESSING (EDP) INCLUDED  ‐ ERRORS & OMISSIONS $25,000,000  ‐ EXPEDITING EXPENSE $50,000,000  ‐ EXTENDED PERIOD OF INDEMNITY 180 DAYS  ‐ EXTRA EXPENSE $50,000,000  ‐ FINE ARTS ‐ UNSCHEDULED FINE ARTS INCLUDED $2,500,000  ‐ FIRE FIGHTING EXPENSE INCLUDED  ‐ FLOOD EXCEPT ‐ SPECIAL FLOOD HAZARD AREAS ‐ VEHICLES, CONTRACTORS EQUIPMENT, FINE ARTS C OMBINED $50,000,000 INCLUDED $5,000,000 COMBINED AGGREGATE  ‐ IMPROVEMENT & BETTERMENT INCLUDED  ‐ INCREASED COST OF CONSTRUCTION $25,000,000   PER EXPIRING CHANGE OR IMPROVEMENT TO EXPIRING 10 WORLD Risk Management . A BALLATOR COMPANY CITY OF SOUTH MIAMI 2022 – 2023 RENEWAL PROPOSAL PROPERTY & CASUALTY INSURANCE PRESENTED: JULY 20, 2022 5 PROPERTY PROPOSAL PROPERTY EXPIRING COVERAGE 10/01/2021 TO 10/01/2022 RENEWAL 10/01/2022 TO 10/01/2023 ASSOCIATION SUBLIMITS [NOT ALL INCLUSIVE…] ‐ INGRESS & EGRESS WITHIN 10 MILES OF INSURED PREMISE 30 DAYS  ‐ JEWELRY, FURS, & PRECIOUS METALS – SEPARATELY $500,000  ‐ LANDSCAPING, TEES, SAND TRAPS, GREENS, ATHLETIC GREENS EXCEPT ‐ UNSCHEDULED LANDSCAPING, TEES, SAND TRAPS, GREENS, ATHLETIC GREENS $5,000,000 $1,000,000  ‐ LEASEHOLD INTEREST INCLUDED  ‐ MISCELLANEOUS UNNAMED LOCATIONS EXCEPT ‐ SPECIAL FLOOD HAZARD AREAS $25,000,000 $10,000,000 ANNUAL AGGREGATE  ‐ MOLD (RESULTANT) $35,000 AGGREGATE  ‐ MONEY AND SECURITIES $2,500,000  ‐ OFF PREMISES S ERVICE INTERRUPTION INCLUDING EXTRA EXPENSE $25,000,000  ‐ PERSONAL EFFECTS INCLUDED  PERSONAL PROPERTY OF OTHERS INCLUDED  ‐ PERSONAL PROPERTY OUTSIDE THE USA $1,000,000  ‐ PROTECTION AND PRESERVATION OF PROPERTY INCLUDED  ‐ PROPERTY OFF PREMISES INCLUDED  ‐ SIGNS INCLUDED  ‐ TRANSIT $25,000,000  ‐ TUNNELS, BRIDGES, DAMS, CATWALKS – UNSCHEDULED $500,000  ‐ VALUABLE PAPERS AND RECORDS INCLUDED  ‐ WATERCRAFT ‐ UP TO 27 FEET, UNSCHEDULED ‐ OVER 27 FEET, SCHEDULED $250,000 UNSCHEDULED ALL SCHEDULED INCLUDED  EXCLUSIONS [INCLUDING BUT NOT LIMITED TO] ‐ RUST, WET/DRY ROT, LAND & LAND VALUES, COMMUNICABLE DISEASE, PROPERTY CYBER & DATA EXCLUDED   PER EXPIRING CHANGE OR IMPROVEMENT TO EXPIRING 11 WORLD Risk Management . A BALLATOR COMPANY CITY OF SOUTH MIAMI 2022 – 2023 RENEWAL PROPOSAL PROPERTY & CASUALTY INSURANCE PRESENTED: JULY 20, 2022 6 PROPERTY PROPOSAL RATING EXPOSURES PROPERTY INFORMATION TOTAL INSURANCE VALUES 2021 – 2022 2022 – 2023 TOTAL BUILDING VALUES $26,277,300 $27,065,619 TOTAL CONTENT VALUES $1,516,700 $1,562,201 DECLARED/PROP IN OPEN $2,739,100 $2,821,273 EDP EQUIPMENT (HARDWARE) $432,600 $445,578 BUSINESS INTERRUPTION/EXTRA EXPENSE $500,00 $500,000 EQUIPMENT VALUES $710,479 $1,126,443 AUTOMOBILE VALUES – ACTUAL CASH VALUE $3,472,714 $3,472,420 AUTOMOBILE VALUES – REPLACEMENT COST $0 $0 RENTAL VALUES $0 $0 MISCELLANEOUS PROPERTY $0 $0 TOTAL INSURABLE VALUES $35,648,893 $36,993,534 12 WORLD Risk Management . A BALLATOR COMPANY CITY OF SOUTH MIAMI 2022 – 2023 RENEWAL PROPOSAL PROPERTY & CASUALTY INSURANCE PRESENTED: JULY 20, 2022 7 PROPERTY TERRORISM & SABOTAGE PROPOSAL PROPERTY TERRORISM & SABOTAGE EXPIRING C OVERAGE 10/01/2021 TO 10/01/2022 RENEWAL 10/01/2022 TO 10/01/2023 CARRIER LLOYDS OF LONDON LLOYDS OF LONDON TERRORISM & SABOTAGE $25,000,000 PER OCCURRENCE $25,000,000 AGGREGATE $25,000,000 PER OCCURRENCE $25,000,000 AGGREGATE DEDUCTIBLE $10,000 $10,000 ASSOCIATION SUBLIMITS [NOT ALL INCLUSIVE] ‐ BUSINESS INTERRUPTION S UBLIMIT $93,024,718  ‐ CIVIL OR MILITARY A UTHORITY SUBLIMIT $1,000,000, 30 DAY(S), AND 1 MILE(S)  ‐ DEBRIS REMOVAL EXPENSES SUBLIMIT $250,000  ‐ DECONTAMINATION COSTS EXCLUDING NCBR SUBLIMIT $250,000  ‐ DEMOLITION & INCREASED COST OF CONSTRUCTION SUBLIMIT $1,000,000  ‐ ERRORS & OMISSIONS SUBLIMIT $250,000  ‐ ELECTRONIC DATA PROCESSING MEDIA SUBLIMIT $1,000,000  ‐ EXTENDED PERIOD OF INDEMNITY SUBLIMIT $0 AND 180 DAY(S)  ‐ FINE ART SUBLIMIT $ 250,000  ‐ INGRESS/EGRESS SUBLIMIT $ 1,000,000, 30 DAY(S), AND 1 MILE(S)  ‐ PRESERVATION OF PROPERTY SUBLIMIT $ 250,000  ‐ PROFESSIONAL FEES SUBLIMIT $ 250,000  ‐ RELOCATION EXPENSE SUBLIMIT $ 250,000  ‐ SERVICE INTERRUPTION SUBLIMIT $ 1,000,000, 30 DAY(S), AND 1 MILE(S)  ‐ TRANSIT SUBLIMIT $ 250,000  ‐ VALUABLE PAPERS SUBLIMIT $ 250,000  ‐ ACCOUNTS RECEIVABLE SUBLIMIT $ 250,000  ‐ ASBESTOS SUBLIMIT $ 500,000  ‐ AUTOMATIC COVERAGE SUBLIMIT $ 1,000,000 AND 30 DAY(S)  ‐ COMMISSIONS, PROFITS, & ROYALTIES SUBLIMIT $ 250,000  ‐ DELAY IN STARTUP COSTS SUBLIMIT $ 250,000  ‐ FIRE PROTECTIVE SYSTEMS SUBLIMIT $ 10,000  ‐ GREEN BUILDING ADDITIONAL EXPENSE SUBLIMIT $ 250,000  ‐ KEY & LOCK EXPENSE SUBLIMIT $ 250,000  ‐ LANDSCAPING SUBLIMIT $ 10,000  ‐ LOSS OF ATTRACTION SUBLIMIT $0, 0 DAY(S), AND 0 MILE(S)  ‐ MISCELLANEOUS UNNAMED LOCATIONS SUBLIMIT $ 1,000,000 AND 30 DAY(S)  ‐ NEWLY ACQUIRED LOCATIONS S UBLIMIT $ 1,000,000 AND 90 DAY(S)  ‐ PROPERTY IN COURSE OF CONSTRUCTION SUBLIMIT $1,000,000  ‐ RENTAL INCOME SUBLIMIT $93,024,718  ‐ SOFT COST SUBLIMIT $10,000   PER EXPIRING CHANGE OR IMPROVEMENT TO EXPIRING UNLESS OTHERWISE SPECIFIED, ALL SUB‐LIMITS LISTED ABOVE APPLY ON A PER OCCURRENCE BASIS AND ARE A PART OF, AND NOT IN ADDITION TO, THE M UNICIPALITIES TERRORISM AND SABOTAGE LIMIT OF LIABILITY 13 WORLD Risk Management . A BALLATOR COMPANY CITY OF SOUTH MIAMI 2022 – 2023 RENEWAL PROPOSAL PROPERTY & CASUALTY INSURANCE PRESENTED: JULY 20, 2022 8 ACTIVE SHOOTER & MALICIOUS ATTACK PROPOSAL ACTIVE SHOOTER & MALICIOUS ATTACK EXPIRING C OVERAGE 10/01/2021 TO 10/01/2022 RENEWAL 10/01/2022 TO 10/01/2023 CARRIER LLOYDS OF LONDON LLOYDS OF LONDON ACTIVE SHOOTER & MALICIOUS ATTACK $1,000,000 PER OCCURRENCE $1,000,000 AGGREGATE $2,000,000 PER OCCURRENCE $2,000,000 AGGREGATE DEDUCTIBLE $10,000 $10,000 ASSOCIATION SUBLIMITS [NOT ALL INCLUSIVE] ‐ ADDITIONAL SECURITY MEASURES SUBLIMIT $250,000  ‐ COUNSELING SUBLIMIT $250,000  ‐ PUBLIC RELATIONS COSTS S UBLIMIT $250,000  ‐ MISCELLANEOUS CRISIS MANAGEMENT EXPENSES SUBLIMIT $250,000  ‐ WAITING PERIOD 0 HOURS   PER EXPIRING CHANGE OR IMPROVEMENT TO EXPIRING UNLESS OTHERWISE SPECIFIED, ALL SUB‐LIMITS LISTED ABOVE APPLY ON A PER OCCURRENCE BASIS AND ARE A PART OF, AND NOT IN ADDITION TO, THE ACTIVE SHOOTER AND MALICIOUS ATTACK LIMIT OF LIABILITY 14 WORLD Risk Management . A BALLATOR COMPANY CITY OF SOUTH MIAMI 2022 – 2023 RENEWAL PROPOSAL PROPERTY & CASUALTY INSURANCE PRESENTED: JULY 20, 2022 9 ANCILLARY– EQUIPMENT BREAKDOWN PROPOSAL EQUIPMENT BREAKDOWN EXPIRING C OVERAGE 10/01/2021 TO 10/01/2022 RENEWAL 10/01/2022 TO 10/01/2023 CARRIER TRAVELERS ENERGYMAX 21 TRAVELERS ENERGYMAX21 NAMED INSURED PUBLIC RISK MANAGEMENT OF F LORIDA PUBLIC RISK MANAGEMENT OF F LORIDA DEDUCTIBLES  ALL OBJECTS  TRANSFORMERS 10,000 KVA $1,000 $10,000   VALUATION  ALL OTHER EQUIPMENT  EQUIPMENT 20 YEARS OR OLDER REPAIR AND/OR REPLACEMENT ACTUAL CASH VALUE   ASSOCIATION LIMITS LIMIT PER ACCIDENT $50,000,000  ASSOCIATION SUBLIMITS [NOT ALL INCLUSIVE]  CONTINGENT BUSINESS INTERRUPTION/EXTRA EXPENSE $250,000   DEMOLITION/INCREASED COST $1,000,000   ERRORS IN DESCRIPTION POLICY LIMIT   EXPEDITING EXPENSE POLICY LIMIT   HAZARDOUS SUBSTANCE $2,000,000   MEDIA $500,000   NEWLY ACQUIRED LOCATION POLICY LIMIT   ORDINANCE OR LAW INCL. DEMOLITION $1,000,000   REFRIGERANT CONTAMINATION POLICY LIMIT   WATER DAMAGE POLICY LIMIT  MAJOR PERILS EXCLUDED  EARTHQUAKE EXCLUDED   EC PERILS EXCLUDED   FLOOD EXCLUDED   FREEZE EXCLUDED   FURNACE EXPLOSION EXCLUDED   LIGHTNING EXCLUDED   PER EXPIRING CHANGE OR IMPROVEMENT TO EXPIRING 15 WORLD Risk Management . A BALLATOR COMPANY CITY OF SOUTH MIAMI 2022 – 2023 RENEWAL PROPOSAL PROPERTY & CASUALTY INSURANCE PRESENTED: JULY 20, 2022 10 CRIME PROPOSAL CRIME EXPIRING C OVERAGE 10/01/2021 TO 10/01/2022 RENEWAL 10/01/2022 TO 10/01/2023 COMPANY PUBLIC RISK MANAGEMENT OF F LORIDA PUBLIC RISK MANAGEMENT OF F LORIDA DEDUCTIBLE $1,000  LIMITS  EMPLOYEE THEFT‐PER LOSS COVERAGE $500,000   FORGERY OR ALTERATION $500,000   INSIDE PREMISES‐THEFT OF MONEY & SECURITIES $500,000   INSIDE PREMISES‐ROBBERY, SAFE BURGLARY‐ OTHER PROP $500,000   OUTSIDE THE PREMISES $500,000   COMPUTER FRAUD $500,000   FUNDS TRANSFER FRAUD $500,000   MONEY ORDERS AND COUNTERFEIT PAPER CURRENCY $500,000   IMPERSONATION FRAUD/SOCIAL ENGINEERING $100,000  CONDITIONS [NOT ALL INCLUSIVE]  FAITHFUL PERFORMANCE OF DUTY INCLUDED INCLUDED   45 DAY NOTICE OF CANCELLATION/10 DAYS NON‐PAYMENT INCLUDED   60 DAY LOSS REPORT REQUIREMENT INCLUDED   NO MINIMUM E ARNED PREMIUM INCLUDED   PER EXPIRING CHANGE OR IMPROVEMENT TO EXPIRING 16 WORLD Risk Management . A BALLATOR COMPANY CITY OF SOUTH MIAMI 2022 – 2023 RENEWAL PROPOSAL PROPERTY & CASUALTY INSURANCE PRESENTED: JULY 20, 2022 11 GENERAL LIABILITY PROPOSAL *COMMUNICABLE DISEASE SUB‐LIMIT & AGGREGATES APPLIES TO ALL LIABILITY COVERAGES COMBINED GENERAL LIABILITY EXPIRING C OVERAGE 10/01/2021 TO 10/01/2022 RENEWAL 10/01/2022 TO 10/01/2023 COMPANY PUBLIC RISK MANAGEMENT OF F LORIDA PUBLIC RISK MANAGEMENT OF F LORIDA COVERAGE FORM OCCURRENCE OCCURRENCE DEDUCTIBLE $0  LIMITS LIMIT OF LIABILITY $2,000,000  COVERAGE [INCLUDING BUT NOT LIMITED TO]  EMPLOYEE BENEFIT LIABILITY INCLUDED   LAW ENFORCEMENT LIABILITY INCLUDED   MISCELLANEOUS PROFESSIONAL INCLUDED  TERMS [INCLUDING BUT NOT LIMITED TO]  ASSAULT & BATTERY INCLUDED   BLANKET CONTRACTUAL‐HOLD HARMLESS INCLUDED   BODILY INJURY/PROPERTY DAMAGE INCLUDED   EMT/PARAMEDICAL COVERED INCLUDED   FALSE ARREST/IMPRISONMENT INCLUDED   HOST & LIQUOR LIABILITY INCLUDED   INVASION OF RIGHT OF PRIVACY INCLUDED   MALICIOUS PROSECUTION INCLUDED   MENTAL ANGUISH INCLUDED   MENTAL INJURY INCLUDED   PROPERTY IN THE CARE, CUSTODY & CONTROL INCLUDED   COMMUNICABLE DISEASE* $200,000 PER CLAIMANT/$300,000 PER OCC/$300,000 MEMBER AGG/$3,000,000 POOL AGG  EXCLUSIONS [INCLUDING BUT NOT LIMITED TO]  AIRCRAFT LIABILITY EXCLUDED   MEDICAL PAYMENTS (NOT LEGAL LIABILITY) EXCLUDED   PRODUCT RECALL, TAMPERING OR GUARANTEE EXCLUDED   WAR, NUCLEAR HAZARDS EXCLUDED   PER EXPIRING CHANGE OR IMPROVEMENT TO EXPIRING ASSOCIATION AGGREGATE $100,000,000 FOR ALL LIABILITY COVERAGES 17 WORLD Risk Management . A BALLATOR COMPANY CITY OF SOUTH MIAMI 2022 – 2023 RENEWAL PROPOSAL PROPERTY & CASUALTY INSURANCE PRESENTED: JULY 20, 2022 12 AUTO LIABILITY PROPOSAL AUTO LIABILITY EXPIRING C OVERAGE 10/01/2021 TO 10/01/2022 RENEWAL 10/01/2022 TO 10/01/2023 COMPANY PUBLIC RISK MANAGEMENT OF F LORIDA PUBLIC RISK MANAGEMENT OF F LORIDA COVERAGE FORM OCCURRENCE OCCURRENCE DEDUCTIBLE $0  LIMITS LIABILITY COMBINED SINGLE LIMIT $2,000,000  COVERAGE [INCLUDING BUT NOT LIMITED TO]  PERSONAL INJURY PROTECTION STATUTORY   PHYSICAL DAMAGE ‐ COLLISION ‐ COMPREHENSIVE EXCLUDED ‐ COVERED UNDER PROPERTY EXCLUDED ‐ COVERED UNDER PROPERTY   HIRED/BORROWED LIABILITY $2,000,000   HIRED/BORROWED PHYSICAL DAMAGE INCLUDED   NON‐OWNED LIABILITY $2,000,000   NON‐OWNED PHYSICAL DAMAGE INCLUDED  EXCLUSIONS [INCLUDING BUT NOT LIMITED TO]  AUTO PHYSICAL DAMAGE EXCLUDED – COVERED UNDER PROPERTY   MEDICAL PAYMENTS EXCLUDED   UNINSURED/UNDERINSURED MOTORIST EXCLUDED   PER EXPIRING CHANGE OR IMPROVEMENT TO EXPIRING ASSOCIATION AGGREGATE $100,000,000 FOR ALL LIABILITY COVERAGES 18 WORLD Risk Management . A BALLATOR COMPANY CITY OF SOUTH MIAMI 2022 – 2023 RENEWAL PROPOSAL PROPERTY & CASUALTY INSURANCE PRESENTED: JULY 20, 2022 13 PUBLIC OFFICIALS / EMPLOYMENT PRACTICES LIABILITY PROPOSAL *COMMUNICABLE DISEASE SUB‐LIMIT & AGGREGATES APPLIES TO ALL LIABILITY COVERAGES COMBINED PUBLIC OFFICIALS / EMPLOYMENT PRACTICES LIABILITY EXPIRING COVERAGE 10/01/2021 TO 10/01/2022 RENEWAL 10/01/2022 TO 10/01/2023 COMPANY PUBLIC RISK MANAGEMENT OF FLORIDA PUBLIC RISK MANAGEMENT OF F LORIDA COVERAGE FORM CLAIMS MADE CLAIMS MADE RETROACTIVE DATE 10/01/2010 10/01/2010 DEDUCTIBLE $0  PUBLIC OFFICIALS LIABILITY LIMIT OF LIABILITY $2,000,000  ANNUAL AGGREGATE $6,000,000  EMPLOYMENT PRACTICES LIABILITY LIMIT OF LIABILITY $2,000,000  ANNUAL AGGREGATE $6,000,000  SUBLIMITS [INCLUDING BUT NOT LIMITED TO]  BERT HARRIS: RETRO DATE 10/1/2015 $300,000/$300,000   INVERSE CONDEMNATION: RETRO DATE 10/01/2015 $100,000/$100,000   NON‐MONETARY DAMAGES: 10/01/2015 $100,000/$100,000  COVERAGE [INCLUDING BUT NOT LIMITED TO]  ELECTED OFFICIALS, APPOINTED OFFICERS INCLUDED   ERRORS AND O MISSIONS INCLUDED   MISFEASANCE, MALFEASANCE & NONFEASANCE INCLUDED   NEGLIGENCE INCLUDED   SEXUAL HARASSMENT INCLUDED   SEXUAL MISCONDUCT RETRO DATE IF INCL EXCLUDED   WRONGFUL ACTS OF PUBLIC OFFICIALS INCLUDED   COMMUNICABLE DISEASE* $200,000 PER CLAIMANT/$300,000 PER OCC/$300,000 MEMBER AGG/$3,000,000 POOL AGG  DISCLAIMER BOTH PUBLIC OFFICIALS LIABILITY AND EMPLOYMENT PRACTICES LIABILITY IS SUBJECT TO A PER MEMBER COMBINED AGGREGATE OF $6,000,000  PER EXPIRING CHANGE OR IMPROVEMENT TO EXPIRING ASSOCIATION AGGREGATE $100,000,000 FOR ALL LIABILITY COVERAGES 19 WORLD Risk Management . A BALLATOR COMPANY CITY OF SOUTH MIAMI 2022 – 2023 RENEWAL PROPOSAL PROPERTY & CASUALTY INSURANCE PRESENTED: JULY 20, 2022 14 OPTIONAL – EXCESS LIABILITY PROPOSAL EXCESS LIABILITY RENEWAL 10/0/1/2022 TO 10/01/2023 COMPANY PUBLIC RISK M ANAGEMENT OF F LORIDA COVERAGES INCLUDED  AUTO LIABILITY  EMPLOYMENT PRACTICES LIABILITY  GENERAL LIABILITY  EMPLOYEE BENEFITS LIABILITY  ERRORS & OMISSIONS LIABILITY  LAW ENFORCEMENT LIABILITY EXCLUSIONS [INCLUDING BUT NOT LIMITED TO]  ABUSE OR MOLESTATION  EMPLOYERS’ LIABILITY/WORKERS’ COMPENSATION  POLLUTION LIABILITY EXCLUSION‐ HOSTILE FIRE COVERAGE  AIRPORT LIABILITY  FAILURE TO SUPPLY EXCLUSION‐ UTILITIES  SILICA OR DUST  ASBESTOS  FUNGI OR BACTERIA  WAR  AUTOMOBILE FIRST PARTY COVERAGE  NURSING HOME  WHARFINGERS’ LIABILITY  DAMS, LEVEES, DIKES OR RESERVOIRS  PROPERTY DAMAGE EXCLUSION‐REAL AND/OR PERSONAL PROPERTY LINE OF COVERAGE LIMIT EXCESS OF LIMITS COVERAGE TRIGGER  AUTO LIABILITY $3,000,000 $2,000,000 PER ACCIDENT  EMPLOYEE BENEFIT LIABILITY $3,000,000 $2,000,000 PER CLAIM  EMPLOYMENT PRACTICES LIABILITY $3,000,000 $2,000,000 PER CLAIM  GENERAL LIABILITY INCL. LAW ENFORCEMENT $3,000,000 $2,000,000 PER OCCURRENCE  MISCELLANEOUS PROFESSIONAL $3,000,000 $2,000,000 PER CLAIM *$3,000,000 COMBINED EXCESS LIABILITY AGGREGATE APPLIES PER MEMBER FOR EMPLOYEE B ENEFITS LIABILITY, PUBLIC OFFICIALS ERRORS & OMISSIONS AND EMPLOYMENT PRACTICES LIABILITY ONLY* QUOTATION AVAILABLE UPON REQUEST ASSOCIATION AGGREGATE $100,000,000 FOR ALL L IABILITY COVERAGES 20 OR MOLESTATION HOSTILE FIRE ( RT LIABILITY SILICA OR Dus ros WAR '1OBILE FIRST PARTY COVERAGE WHARFING ERS . LEVEES , DIKES OR RESERVOIRS $2,000,000 $3,000,000 $2,000,000 $3,000,000 $2,000,000 NED EXCESS LIABILITY AGGREGATE APPLIES PER MEMBER FOR EMPLOYEE BENEFITS LIABILl l ERRORS & OMISSIONS AND EMPLOYMENT PRACTICES LIABILITY ONLY* WORLD Risk Management . A BALLATOR COMPANY CITY OF SOUTH MIAMI 2022 – 2023 RENEWAL PROPOSAL PROPERTY & CASUALTY INSURANCE PRESENTED: JULY 20, 2022 15 WORKERS’ COMPENSATION PROPOSAL WORKERS’ COMPENSATION EXPIRING C OVERAGE 10/01/2021 TO 10/01/2022 RENEWAL 10/01/2022 TO 10/01/2023 COMPANY PUBLIC RISK MANAGEMENT OF F LORIDA PUBLIC RISK MANAGEMENT OF F LORIDA DEDUCTIBLE NIL NIL LIMITS  WORKERS’ COMPENSATION ‐ MEDICAL ‐ DISABILITY - DEATH STATUTORY   EMPLOYERS’ LIABILITY ‐ EACH ACCIDENT - EACH EMPLOYEE FOR DISEASE $2,000,000 $2,000,000   TERMS & CONDITIONS [NOT ALL INCLUSIVE]  BROAD FORM ALL STATES INCLUDED   MARITIME COVERAGE ENDORSEMENT INCLUDED   VOLUNTARY COMPENSATION ENDORSEMENT INCLUDED  SUBJECT TO  ANNUAL POLICY AUDIT – PLEASE NOTE THE 10/01/2022 TO 10/01/2023 WC COVERAGE PERIOD WILL BE AUDITED AT A RATE OF 0.0127935 PER DOLLAR OF PAYROLL ON THE TOTAL WC PREMIUM, BEFORE ANY PARTICIPATION CREDITS INCLUDED   PER EXPIRING CHANGE OR IMPROVEMENT TO EXPIRING 21 WORLD Risk Management . A BALLATOR COMPANY CITY OF SOUTH MIAMI 2022 – 2023 RENEWAL PROPOSAL PROPERTY & CASUALTY INSURANCE PRESENTED: JULY 20, 2022 16 WORKERS’ COMPENSATION PROPOSAL CLASS CODE DESCRIPTION 2021 – 2022 ESTIMATED PAYROLL 2022 – 2023 ESTIMATED PAYROLL 5509 STREET OR ROAD PAVING $262,368 300,609 7720 POLICE OFFICERS & DRIVERS $4,159,575 4,544,429 8380 AUTOMOBILE SERVICE OR REPAIR CENTER & D RIVERS $153,574 150,190 8810 CLERICAL OFFICE EMPLOYEES $2,000,461 2,199,416 9015 BUILDINGS OPERATIONS BY OWNER ‐ ALL OTHER EMPLOYEES $105,740 114,699 9102 PARK NOC ‐ ALL EMPLOYEES & DRIVERS $1,098,691 1,213,185 9403 GARBAGE ASHES OR REFUSE COLLECTION & DRIVERS $333,451 364,382 9410 MUNICIPAL, TOWNSHIP, D OR S TATE EMPLOYEE NOC $565,470 531,854 TOTAL PAYROLL $8,679,330 $9,418,764 22 WORLD Risk Management . A BALLATOR COMPANY CITY OF SOUTH MIAMI 2022 – 2023 RENEWAL PROPOSAL PROPERTY & CASUALTY INSURANCE PRESENTED: JULY 20, 2022 17 ANCILLARY – CYBER LIABILITY PROPOSAL CYBER LIABILITY EXPIRING C OVERAGE 10/01/2021 TO 10/01/2022 RENEWAL 10/01/2022 TO 10/01/2023 CARRIER GREAT AMERICAN INSURANCE GREAT AMERICAN INSURANCE NAMED INSURED PUBLIC RISK MANAGEMENT OF F LORIDA PUBLIC RISK MANAGEMENT OF F LORIDA COVERAGE FORM CLAIMS MADE CLAIMS MADE RETROACTIVE DATE 10/01/2020 10/01/2020 DEDUCTIBLE $20,000  LIMITS LIMIT OF LIABILITY $1,000,000  ANNUAL AGGREGATE $5,000,000 POOL AGGREGATE  COVERAGE (INCLUDING BUT NOT LIMITED TO]  BUSINESS INCOME/EXTRA EXPENSE INCLUDED   CYBER EXTORTION THREATS INCLUDED   MEDIA LIABILITY INCLUDED   PUBLIC RELATIONS EXPENSE INCLUDED   REPLACEMENT/RESTORATION OF ELECTRONIC DATA INCLUDED   SECURITY BREACH EXPENSE INCLUDED   SECURITY BREACH LIABILITY [INCLUDES REGULATORY FINES/PENALTIES AND PCI FINES] INCLUDED   PER EXPIRING CHANGE OR IMPROVEMENT TO EXPIRING 23 WORLD Risk Management . A BALLATOR COMPANY CITY OF SOUTH MIAMI 2022 – 2023 RENEWAL PROPOSAL PROPERTY & CASUALTY INSURANCE PRESENTED: JULY 20, 2022 18 ANCILLARY– POLLUTION & REMEDIATION LIABILITY PROPOSAL POLLUTION AND REMEDIATION LEGAL LIABILITY EXPIRING C OVERAGE 10/01/2021 TO 10/01/2022 RENEWAL 10/01/2022 TO 10/01/2023 CARRIER INDIAN H ARBOR INSURANCE CO. INDIAN HARBOR INSURANCE C O. NAMED INSURED PUBLIC RISK MANAGEMENT OF F LORIDA PUBLIC RISK MANAGEMENT OF F LORIDA COVERAGE FORM CLAIMS MADE CLAIMS MADE RETROACTIVE DATE TBD TBD SELF‐INSURED RETENTION $25,000 $25,000 LIMITS LIMIT OF LIABILITY EACH POLLUTION CONDITION $1,000,000  TOTAL LIMIT OF LIABILITY ANNUAL AGGREGATE $2,000,000   EMERGENCY REMEDIATION EXPENSE $250,000   EMERGENCY REMEDIATION EXPENSE AGGREGATE $1,000,000  COVERAGE (INCLUDING BUT NOT LIMITED TO]  CONTINGENT TRANSPORTATION COVERAGE INCLUDED   LEGAL DEFENSE EXPENSE INCLUDED   ON PREMISES & OFF PREMISES REMEDIATION LEGAL LIABILITY INCLUDED   POLLUTION LEGAL LIABILITY INCLUDED   STORAGE TANKS INCLUDED   PER EXPIRING CHANGE OR IMPROVEMENT TO EXPIRING 24 ISURED :FORM 'IVE DATE T OF LIABILITY ANNUAL AGGREGATE i ENCY REMEDIATION EXPENSE i ENCY REMEDIATION EXPENSE INCLUDED INCLUDED INCLUDED INCLUDED INCLUDED WORLD Risk Management . A BALLATOR COMPANY CITY OF SOUTH MIAMI 2022 – 2023 RENEWAL PROPOSAL PROPERTY & CASUALTY INSURANCE PRESENTED: JULY 20, 2022 19 OPTIONAL – AIRPORT OWNERS & OPERATORS LIABILITY PROPOSAL AIRPORT O WNERS AND OPERATORS LIABILITY EXPIRING COVERAGE 10/01/2021 TO 10/01/2022 RENEWAL 10/01/2022 TO 10/01/2023 CARRIER ACE PROPERTY & CASUALTY INSURANCE CO ACE PROPERTY & CASUALTY INSURANCE CO NAMED INSURED PUBLIC RISK MANAGEMENT OF FLORIDA PUBLIC RISK MANAGEMENT OF F LORIDA FAA ID STATE NAME COVERAGE FORM OCCURRENCE OCCURRENCE DEDUCTIBLE NIL NIL LIMITS LIMIT OF LIABILITY $2,000,000   EXTENDED COVERAGE‐WAR, HI‐JACKING & OTHER PERILS ANNUAL AGGREGATE $2,000,000   FIRE DAMAGE LIMIT ANY ONE FIRE $100,000   HANGARKEEPERS NOT “IN FLIGHT” LIMIT ANY ONE OCCURRENCE $1,000,000   HANGARKEEPERS NOT “IN FLIGHT” LIMIT ANY ONE AIRCRAFT $1,000,000   MALPRACTICE A NNUAL AGGREGATE $2,000,000   MEDICAL EXPENSE LIMIT ANY ONE PERSON $1,000   NON‐OWNED AIRCRAFT LIABILITY $2,000,000   PERSONAL INJURY AND ADVERTISING INJURY ANNUAL AGGREGATE $2,000,000   PRODUCTS‐C OMPLETED OPERATIONS ANNUAL AGGREGATE $2,000,000  CONDITIONS [NOT ALL INCLUSIVE]  60 DAYS NOTICE OF CANCELLATION, NON‐ RENEWAL OR REDUCTION IN COVERAGE BY INSURER, BUT 10 DAYS NOTICE FOR NON‐ PAYMENT OF PREMIUM    PER EXPIRING CHANGE OR IMPROVEMENT TO EXPIRING 25 ISURED rATE NAME :FORM ~BILITY DED (OVERAGE-WAR, HI-JACKING ER PERILS ANNUAL AGGREGATE AMAGE LIMIT ANY ONE FIRE ~RKEEPERS NOT "IN FLIGHT" LIMIT ~E OCCURRENCE ~RKEEPERS NOT "IN FLIGHT" LIMIT ~E AIRCRAFT ,ACTICE ANNUAL AGGREGATE NAL INJ 'ANN PUBLIC RISK MANAGEMENT OF FLORIDA OCCURRENCE $2,000,000 $2,000,000 ✓ WORLD Risk Management . A BALLATOR COMPANY CITY OF SOUTH MIAMI 2022 – 2023 RENEWAL PROPOSAL PROPERTY & CASUALTY INSURANCE PRESENTED: JULY 20, 2022 20 EXPOSURE CHANGE EXPOSURE CHANGE EXPOSURE 2021 – 2022 2022 – 2023 % CHANGE PROPERTY TIV $35,648,893 $36,993,534 3.77% NUMBER OF A UTOMOBILES 145 139 ‐4.14% NUMBER OF EMPLOYEES 123 123 0% TOTAL PAYROLL $8,679,330 9,418,764 8.52% 26 WORLD Risk Management . A BALLATOR COMPANY CITY OF SOUTH MIAMI 2022 – 2023 RENEWAL PROPOSAL PROPERTY & CASUALTY INSURANCE PRESENTED: JULY 20, 2022 21 PROPOSAL PRICING & BINDING AUTHORITY AFTER CAREFUL CONSIDERATION OF THE REFERENCED PROPOSAL, WE ACCEPT YOUR INSURANCE PROGRAM AS INDICATED WITH AN “X” BELOW: PAYMENT PLAN: PRM ALLOWS THEIR MEMBERS TO PAY THEIR TOTAL COSTS IN FOUR (4) QUARTERLY INSTALLMENTS. THE FIRST INSTALLMENT IS DUE AT INCEPTION AND IS EQUAL TO 25% OF ALL COSTS. THE REMAINING COSTS WILL BE PAID OVER THE NEXT THREE (3) QUARTERS. THIS WARRANTS THAT YOU HAVE NO KNOWLEDGE OF ANY CLAIM, OR INCIDENT THAT MAY RESULT IN A CLAIM, THAT HAS NOT BEEN REPORTED TO THE INSURANCE CARRIER. IT IS UNDERSTOOD AND AGREED THAT REFERENCED PROPOSAL PROVIDES ONLY A SUMMARY OF THE INSURANCE PROGRAM OPTIONS OFFERED. THE ACTUAL POLICIES WILL CONTAIN THE COMPLETE TERMS, CONDITIONS, DEDUCTIBLES, EXCLUSIONS, ETCETERA. P LEASE REVIEW POLICY LANGUAGE FOR A FULL UNDERSTANDING OF PURCHASED PROGRAM. ________________________________ _______________________________ Member Signature Date ________________________________ Print Member Name SIGNED BINDING AUTHORITY TO BE RETURNED BY 9/15/2022 THIS DOCUMENT IN ITS ENTIRETY IS CONFIDENTIAL & PROPRIETARY IN NATURE ‐ NOT FOR PUBLIC RECORD. PROPERTY & CASUALTY COVERAGES‐ PREMIUM BREAKDOWN B IND 2021 – 2022 2022 – 2023 % CHANGE YES N O PRM PROPERTY & CRIME $203,092 $224,451 PRM EQUIPMENT BREAKDOWN $2,272 $2,516 PRM GL/LEL/AL/E&O $296,318 $331,209 PRM WORKERS’ C OMPENSATION $109,940 $120,499 PREFERRED M EMBER PARTICIPATION CREDIT ON RATE GUARANTEE ‐$10,180 GRAND TOTAL $611,621 $668,495 9.30% OPTIONAL/ANCILLARY COVERAGES CYBER LIABILITY INCLUDED INCLUDED POLLUTION LIABILITY N/A N/A AVIATION LIABILITY N/A N/A 27 WORLD Risk Management . A BALLATOR COMPANY