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Indian River County BOCC <br />TERRORISM LIABILITY & NCBR PROGRAM: <br />-Q,064cyTerm ' <br />201WOM,- <br />2015=2016 T <br />2016-2017 <br />t '.Variance . i <br />v- <br />Base Premium <br />$29,225 <br />$23,925 <br />Option 1: $18,995 <br />Option 1: -$4,930 or <br />Option 2: $22,794 <br />20% reduction. <br />Option 2:-$1,131 or <br />4.7% reduction <br />Total Insurable <br />$362,661,164 <br />$370,177,549 <br />$381,920,222 <br />$11,742,673 or 3% <br />Values <br />increase <br />Limits <br />$10M Property <br />$10M Property <br />$10M Property <br />Purchased <br />$3M occ/$6M <br />$3M occ/$6M <br />$3M occ/$6M <br />aggregate Liability <br />aggregate Liability <br />aggregate Liability <br />Deductible <br />$100,000 <br />$100,000 <br />Option 1: $65,000 <br />iretention <br />Option 2: $25,000 <br />retention <br />Please note that if the County elected to keep the $100,000 retention for the Terrorism Liability & NCBR <br />coverage, the premium would be the same as the option 1 with the $65,000 retention. <br />Hull & P&I <br />The exposures remained the same as the current program. <br />Premiums have reduced by $325 or 4% from the expiring program and these are outlined <br />below: <br />Arthur J Gallagher Risk Management Services, Inc. <br />Page 187 <br />