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<br />Board of County Commissioners
<br />Page 3 of 4
<br />April 4, 2016
<br />Covera j e
<br />2015 Expiring Premium
<br />2016 Renewal Premium
<br />Property, ($200M limits & $35M Named
<br />Storm) .
<br />$1,004,212.38
<br />$918,474
<br />BRIT Package
<br />$150,000
<br />$146,000
<br />Excess Workers' Comp.*
<br />$149,513
<br />$154,745
<br />Cyber
<br />$17,041
<br />$17,226
<br />Terrorism Property
<br />$12,250
<br />$11,387
<br />Terrorism Liabili /NCBR
<br />$23,925
<br />$18,995
<br />Boiler & Machinery
<br />$10,984
<br />$10,140
<br />Inland Marine
<br />$53,032
<br />$53,327
<br />Hull and P&I
<br />$8,101
<br />$7,776
<br />Crime
<br />$4,903
<br />$4,903
<br />Total
<br />$1,433,961.38
<br />$1,342,973
<br />Property (Optional Quote-
<br />Additional $5M Named Storm Limits
<br />$12,987
<br />$30,000
<br />Total Premium with $40M Named
<br />Storm limits
<br />$11,542
<br />$1,372,973
<br />Historical Costs
<br />As stated above, the County's insurance premiums have decreased substantially over the last
<br />several years due to market conditions, aggressive marketing of the program by the broker, and
<br />strong risk control efforts of the County. The table below shows initial premiums for the last
<br />five years plus the recommended renewal.
<br />176
<br />Insurm!'Ce Costs
<br />Workers' Comp,
<br />Liability/ Package
<br />2010-21111
<br />$305,000
<br />2011-2012
<br />$267,000
<br />2012-2013
<br />$270,471
<br />2013-2014
<br />2014-15
<br />$299,513
<br />2015-16'
<br />$300,745
<br />$402,770
<br />EMT Liability
<br />$40,000
<br />$29,580
<br />$35,718
<br />$36,225
<br />Included
<br />above
<br />Included
<br />above
<br />Protective &
<br />Indemnity
<br />$8,147
<br />$8,335
<br />$8,910
<br />$8,910
<br />$8,101
<br />$7,776
<br />Property
<br />$1,350,000
<br />$1,049,302
<br />$1,346,292
<br />$1,293,822
<br />$1,004,212
<br />$948,474
<br />Boiler & Machinery
<br />$12,987
<br />$10,858
<br />$11,434
<br />$11,542
<br />$10,984
<br />$10,140
<br />Inland Marine
<br />$80,000
<br />$60,800
<br />$42,142
<br />$49,267
<br />$53,032
<br />$53,327
<br />Crime
<br />$9,754
<br />$8,311
<br />$8,419
<br />$6,721
<br />$4,903
<br />$4,903
<br />Terrorism - Property
<br />$30,000
<br />$17,769
<br />$18,000
<br />$16,461
<br />$12,250
<br />$11,387
<br />Terrorism - Liability
<br />$9,950
<br />$7,461
<br />$30,518
<br />$28,992
<br />$23,925
<br />$18,995
<br />Cyber
<br />$0
<br />$0
<br />$0
<br />$0
<br />$17,041
<br />$17,226
<br />Totals
<br />$1,845,838
<br />$1,459,416
<br />$1,771,904
<br />$1,854,710
<br />$1,433,961
<br />$1,372;973
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