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Please see the table below for a comparison between the renewal premium and the current premium for each line of coverage: 2012-2013 2013-2014 Insurance Costs Premium Premium (Decrease) Workers'Comp.Liability/ $270,471 $402,770 $132,299 48.9% London Package --7 EMT Liability $35,718 $36,225 $507 1.4% Protective&Indemnity $8,910 $8,910 $0 0.0% Property $1,346,292 $1,293,822 ($52,470) -3.9% Boiler&Machinery $11,434 $11,542 $108 0.9% Inland Marine $42,142 $49,267 $7,125 16.9% Crime $8,419 $6,721 ($1,698) -20.2% Terrorism-Property $18,000 $16,461 ($1,539) -8.6% Terrorism-Liability $30,518 $28,992 ($1,526) -5.0% Totals $1,771,904 $1,854,710 $82,806 4.7% As shown above, the total premiums for all lines of coverage is an increase of$82,806, or 4.7% from the current year. The increase is primarily a result of the 49% increase in premiums for worker's compensation coverage, which was offset by the moderate decrease in property premiums. The program recommended by AJG and County staff includes: • Property: In addition to the $52,470 premium savings, coverage will be written on a blanket basis rather than scheduled basis, allowing for greater flexibility in the total amount of insurance available for a claim. There will also be a 3% Swing Clause meaning, among other things, that the County can add up to $10,009,712 in insured values without a premium increase during the policy term. • Workers' Compensation: The self-insured retention increases from $350,000.00 per claim to $500,000.00 per claim for all employees with the exception of police and firefighters who will now be at $750,000.00 per claim due primarily to the increasing risk of presumption claims. AJG and staff extensively reviewed all claims over the past thirteen(13) policy years and determined that this is the best available financial option. The table below illustrates the historical cost for the County's insurance program. 38