Coverage Comparison for USD#489

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Alexandra Barker
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Coverage Comparison for USD#489 May 11, 2015 This presentation is designed to give you an overview of the insurance coverage we recommend for your company.

1 Coverage Comparison for USD#489 May 11, 2015 This presentation is designed to give you an overview of the insurance coverage we recommend for your company. It is meant only as a general understanding of your insurance needs and should not be construed as a legal interpretation of the insurance policies that will be written for you. Please refer to your specific insurance contracts for details on coverages, conditions, and exclusions.

2 Commercial Property Policy Effective Date 7/1/14-7/1/15 7/1/15-7/1/16 7/1/15-7/1/16 Policy Term Buildings and Business Personal Property Building Limit - All locations $73,224,581 $79,432,966 $73,224,581 Property Limit Business Personal Property - All $14,216,954 $15,147,419 $14,216,954 Business Personal Property locations $930,465 Artificial Turf Blanket Building Yes Yes $500,000,000 Group Aggregate Blanket Business Personal Property Yes Yes $75,000 Group Retention Agreed Amount Endorsement Yes Yes 125% Per Building Margin Clause Coinsurance 90% 100% Waived Coinsurance Cause of Loss Special Form Special Form Special Form Cause of Loss Valuation Replacement Cost Replacement Cost Replacement Cost Basis of Recovery Deductible - All Perils $5,000 $5,000 $1,000 Maintenance Deductible Wind/Hail Deductible N/A $10,000 N/A Wind/Hail Deductible Water Damage $100,000 $100,000 $25,000,000 Flood (Excludes Flood Zone A and V) Aggregate in any one policy year Flood Coverage - National Flood Program (O'Loughlin Elementary) $500,000 Building; $500,000 Contents $500,000 Building; $500,000 Contents Included Flood Coverage - O'Laughlin Earthquake Excluded Excluded $25,000,000 Earthquake Aggregate in any one policy year Equipment Breakdown Equipment Breakdown Limit $87,441,535 $94,580,385 $200,000,000 Boiler & Machinery - Property Damage Each for all Members Deductible $5,000 $5,000 $5,000 Deductible Electronic Data Processing Cost to Replace or Restore $25,000 $25,000 $87,441,535 Equipment Limit Deductible $5,000 $5,000 $1,000 Maintenance Deductible

3 Business Income & Extra Expense Business Income & Extra Expense $1,000,000 $1,000,000 $1,000,000 Business Interuption Limit Blanket Yes Yes $1,000,000 Extra Expense - In Any for Any One Member Coinsurance Waived Waived Actual Loss Basis of Recovery Sustained Cause of Loss Special Form Special Form Special Form Cause of Loss Valuation All Loss Sustained All Loss Sustained All Loss Sustained Valuation Ordinary Payroll Included No No Yes Ordinary Payroll Included Deductible $0 $0 $1,000 Maintenance Deductible Inland Marine Contractors Equipment Scheduled Limit $62,500 $62,500 $62,500 Mobile Equipment Unscheduled Misc Limit $0 $0 $0 Unchseduled Misc Limit Catastrophe Limit $62,500 $62,500 $62,500 Catastrophe Limit Cause of Loss Special Form Special Form Special Form Cause of Loss Coinsurance 80% 80% Waived Coinsurance Valuation Actual Cash Value Actual Cash Value Actual Cash Value Valuation Deductible $500 $500 $1,000 Maintenance Deductible Fine Arts Each (Additional $50,000 $50,000 $50,000 Fine Arts Coverage Coverage under Property Form) Musical Instruments $0 $0 $0 Musical Instruments

4 General Liability Limits of Liability Coverage Form Coverage Form General Aggregate $2,000,000 $2,000,000 $4,000,000 Per Member Aggregate Limit - Products/Completed Operations Aggregate $2,000,000 $2,000,000 $2,000,000 Per Member Limit - Bodily Injury, Property Damage Each Limit $1,000,000 $1,000,000 $2,000,000 Per Member Limit - Personal/Advertising Injury Limit $1,000,000 $1,000,000 $2,000,000 Per Member Limit - Fire Legal Liability $100,000 $100,000 $2,000,000 Per Member Limit - Medical Expense per $5,000 $5,000 $5,000 Medical Payments person/accident $50,000,000 Group Aggregate $50,000 Pool Retention - All Members Sexual Abuse/Molestation Coverage Form Claims Made Coverage Form Each Wrongful Act Limit $1,000,000 $1,000,000 $2,000,000 Sexual Misconduct Per Member Aggregate Limit $2,000,000 $2,000,000 $4,000,000 Sexual Misconduct Aggregate Per Member Retro Date N/A N/A 7/1/2015 Retroactive Date Employee Benefit Liability Coverage Form Claims Made Coverage Form Each Wrongful Act Limit $1,000,000 $1,000,000 $2,000,000 Employee Benefits & Professional Liability Each Claim Per Member Aggregate Limit $2,000,000 $2,000,000 $4,000,000 Employee Benefits & Professional Liability Aggregate Per Member Deductible Amount $0 $0 $0 Maintenance Deductible Retroactive Date N/A N/A 7/1/2015 Retroactive Date *All KERMIP Liability Coverages are endorsed to account for Kansas State Tort Immunity Protection

5 Commercial Auto Auto Liability Any Auto Symbol 1 Included Yes Yes Yes Any Auto Symbol 1 Included Combined Single Limit (BI&PD) $1,000,000 $1,000,000 $4,000,000 Per Member Aggregate Limit - Uninsured/Underinsured $1,000,000 $1,000,000 $1,000,000 Uninsured/Underinsured Personal Injury Protection $4,500 $4,500 $4,500 Personal Injury Protection Medical Payments $2,000 $2,000 $2,000 Medical Payments Hired and Non Owned Auto Liability $1,000,000 $1,000,000 $2,000,000 Per Member Limit - *All KERMIP Liability Coverages are endorsed to account for Kansas State Tort Immunity Protection Auto Physical Damage Per Schedule Yes Yes Yes Per Schedule Comprehensive Deductible - All units $3,000 $3,000 $1,000 Maintenance Deductible - Comprehensive Collision Deductible - All units $3,000 $3,000 $1,000 Maintenance Deductible - Collision Garagekeepers - Legal Liability Limit of Coverage $25,000 $25,000 $25,000 Limit of Coverage Deductible per Auto $250 $250 $1,000 Maintenance Deductible Maximum Deductible per Loss $1,000 $1,000 $1,000 Maximum Deductible per Loss

6 Crime Employee Dishonesty - Per Loss $50,000 $50,000 $500,000 Limit - Each Deductible $1,000 $1,000 $1,000 Maintenance Deductible - Per Forgery and Alteration $0 $0 $500,000 Limit - Each Deductible $0 $0 $1,000 Maintenance Deductible - Per Monies and Securities Inside the premise $10,000 $10,000 $500,000 Limit - Each Outside the premise $0 $0 $500,000 Limit - Each Deductible $5,000 $5,000 $1,000 Maintenance Deductible - Per Burglary & Theft Inside the premise $0 $0 $500,000 Limit - Each Outside the premise $0 $0 $500,000 Limit - Each Deductible $0 $0 $1,000 Maintenance Deductible - Per Computer Fraud & Fund Transfer $0 $0 $500,000 Limit - Each Deductible $0 $0 $1,000 Maintenance Deductible - Per Includes Faithful Performance Yes Yes Yes Includes Faithful Performance School Leaders Errors & Omissions Each 1,000,000 1,000,000 2,000,000 Each Member Per General Aggregate 1,000,000 1,000,000 4,000,000 Each Member Aggregate Key Provisions Deductible 2,000 2,000 2,500 Maintenance Deductible Coverage Form Used Claims-Made Claims-Made Claims -Made Coverage Form Retroactive Date 7/1/1993 7/1/1993 7/1/2015 Retroactive Date Defense Costs Included in Policy Limit Included in Policy Limit Included in Policy Limit Defense Costs

7 Umbrella Each 1,000,000 1,000,000 General Aggregate 1,000,000 1,000,000 Deductible 10,000 10,000 Underlying Policies: Auto Liability Yes Yes General Liability Yes Yes School Leaders E&O Yes Yes Limits on underlying are high enough that no umbrella coverage is needed All KERMIP Liability Coverages are endorsed to account for Kansas State Tort Immunity Protection

8 Unified School District #489 Premim Summary May 11, 2015 Line of Business EMC - Expiring KERMIP - Renewal EMC - Renewal including Commission EMC - Renewal less Commission Commercial Property $107,914 Included in Program $98,463 $80,493 Flood $2,880 Included in Program TBD TBD Inland Marine $568 Included in Program $475 $475 General Liability $7,773 Included in Program $7,577 $7,577 Commercial Auto $22,930 Included in Program $25,396 $21,624 Crime $2,174 Included in Program $1,960 $1,646 School Leaders E&O $3,475 Included in Program $3,515 $3,163 Umbrella $5,868 Included in Program $5,534 $4,635 Total $153,582 $142,920 $119,613 Program Fixed Costs $93,946 Variable Costs-Loss Fund $26,200 Total Program Costs Due 7/1/2015 $120,146 Workers Compensation KASB - Expiring $237,502 QBE - Renewal Indication* $190,000 *Offer is pending receipt of additional information Assurance Partners Fee N/A $20,000 Total All Lines (Includes Work Comp & Fee) $391,084 $330,146 Carrier Travelers Chubb - Property Only EPIC Intermediaries Swett & Crawford MARKETING RESULTS Results Declined - Not competitive on pricing Declined - Not competitive on pricing Declined - Could not meet timeline Declined - Not competitive on pricing

NOTICE OF SPECIAL MEETING

April 17, 2015 Hays Unified School District No. 489 Hays, KS NOTICE OF SPECIAL MEETING The Board of Education will meet for a Special Meeting on Friday April 17, 2015 7:30 am Toepfer Board Room Agenda