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and $500,000 for all other employees. Total premium under this alternative is $1,716,755, a <br />savings of $154,436, or S.1% less than the current year coverage. <br />Alternative 2 -- This is the same as Alternative 1, without the additional $10 million in coverage <br />for Tamed Storms. The additional coverage carries a cost of $122,768. Therefore, the total <br />premium under this alternative would be $1,593,987. <br />Alternative 3 This is the same as Alternative 1, with the addition of a buffer layer of coverage <br />for worker's compensation. The buffer layer would bring the SIR to the same level as the <br />current year coverage ($500,000!$750,000 police and fire) at a cost of $91,170. The total <br />premium under this alternative would be $1,847,925. <br />Alternative 4 — This is the same as Alternative 1, without the purchase of the Cyber Liability <br />policy. The annual premium for Cyber Liability coverage is $17,877. Therefore, the total <br />premium under this alternative would be $1.,698,878. <br />Recommendation <br />Staff recommends that the Board approve the renewal and authorize staff to bind coverage as <br />outlined in Alternative 1 for May 1, 2014 through April 30, 2015 with a current annual premium <br />of $1,716,775 based upon the current schedule of values and coverage selections. <br />Approved for Agenda <br />Joseph A. Baird, County Administrator <br />April 1, 2014 <br />46W <br />EPA <br />