COMMERCIAL INSURANCE PROPOSAL

Transcription

1 Attachment 1 COMMERCIAL INSURANCE PROPOSAL Prepared For: Presented By: ROBERT J. MCVICAR October 5, 2016 Direct Phone: (916) License No P.O. Box , Sacramento, CA American River Drive, Suite 200, Sacramento, CA 95864

2 KEY CONTACTS The enclosures have been prepared especially for you. To better serve you, below is the directory of your personal representatives within our agency. AGENT: DIRECT PHONE/FAX: (916) / (916) robert.mcvicar@hubinternational.com Contact for policy pricing, coverage questions, and any potential business changes you may be contemplating. ACCOUNT MANAGER: Samantha Foster DIRECT PHONE/FAX: (916) / (916) samantha.foster@hubinternational.com Contact to request policy changes, for coverage questions, rates, accounting matters, certificates of insurance, and all other general services and questions. CLAIMS SUPERVISOR: Tammy Simmonds DIRECT PHONE/FAX: (916) / (916) tammy.simmonds@hubinternational.com CLAIMS REPRESENTATIVE: Kerri Walker DIRECT PHONE/FAX: (916) / (916) kerri.walker@hubinternational.com Contact to report Property, Liability and Auto claims. October 5, 2016 John O. Bronson Co. a division of Hub International Page 2

3 We respectfully request that you keep the contents of our proposal confidential and refrain from sharing this information with other insurance brokers. Thank you for your understanding. October 5, 2016 John O. Bronson Co. a division of Hub International Page 3

4 POLICY INFORMATION NAMED INSURED: Capitol Area Development Authority MAILING ADDRESS: th Street Sacramento, CA EFFECTIVE DATE: December 1, 2016 to December 1, 2017 INSURED LOCATIONS: LOC. #1: LOC. #2: th Street Sacramento, CA S Street Sacramento, CA THIS SUMMARY IS A BRIEF OUTLINE TO ASSIST YOU IN REVIEWING YOUR POLICY. IT IS NOT INTENDED TO BE USED AS AN INTERPRETATION OR AN EXTENSION OF COVERAGE. PLEASE REFER TO THE POLICY FOR ACTUAL TERMS, CONDITIONS, COVERAGES, LIMITATIONS AND EXCLUSIONS. October 5, 2016 John O. Bronson Co. a division of Hub International Page 4

5 RENEWAL QUOTE WITH SCIF Underwriting Carrier: State Compensation Insurance Fund of CA Best Rating: Not Rated WORKERS COMPENSATION Auditable Premium Basis: Rates: Code Classification Payroll 8742 Salesperson Outside $ 727, Clerical Office Employees $ 736, Housing Authority $ 908,436 Code Classification Rate Premium 8742 Salesperson Outside 1.00 $ 7, Clerical Office Employees.81 $ 5, Housing Authority $ 134,176 Base Premium $ 147,416 X-Mod.78 $ -32,432 Rating Plan Modifier.836 $ -18,857 Premium Discount.893 $ -10,297 Annual Premium $ 85,830 California Surcharges $ 2,578 Total Estimated Premium $ 88,408 Class Code Net Rate October 5, 2016 John O. Bronson Co. a division of Hub International Page 5

6 ALTERNATIVE QUOTE WITH BHHC Underwriting Carrier: Cypress Insurance Co (BHHC) Best Rating: A++, XV (Superior) WORKERS COMPENSATION Auditable Premium Basis: Rates: Code Classification Payroll 8742 Salesperson Outside $ 727, Clerical Office Employees $ 736, Housing Authority $ 908,436 Code Classification Rate Premium 8742 Salesperson Outside.92 $ 6, Clerical Office Employees.74 $ 5, Housing Authority $ 124,002 Base Premium $ 136,145 X-Mod.78 $ -29,952 Risk Adjustment $ -22,128 Premium Discount.98 $ -2,044 Expense Constant $ 100 Annual Premium $ 82,121 California Surcharges $ 2,467 Total Estimated Premium $ 84,588 Class Code Net Rate October 5, 2016 John O. Bronson Co. a division of Hub International Page 6

7 ADDITIONAL INFORMATION Employers Liability Limit: $1,000,000 Payment Plan: Deposit Premium: $14, Direct Bill: 9 monthly installments of $7, Experience Modification: 78% Experience Mod 80% 87% 85% 78% Annual Payroll $2,289,030 $2,287,643 $2,275,526 $2,372,269 Annual Premium $68,687 $123,244 $89,921* $84,588* *Incl Taxes & Fees Audit Period: Annual Officers are Included/Excluded: NONE Please be certain to obtain certificates of Workers Compensation Insurance from all contractors working on your premises and/or sub-contractors working on your behalf. Failure to obtain certificates of insurance could result in additional charges to your Workers Compensation insurance at the time of final audit. October 5, 2016 John O. Bronson Co. a division of Hub International Page 7

8 Marketing Results BHHC $84,588 SCIF $88,408 Atlas Benchmark Employers FirstComp ICW Midwest TECIS (Amtrust) Preferred Employers October 5, 2016 John O. Bronson Co. a division of Hub International Page 8