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Indian River County Board of County Commissioners <br />Statutory AD&D (Firefighters & Sheriff) <br />In 2021, this policy paid out a statutory benefit of $75,000 and the total written premium for the last five years was <br />$55,464. . In 2022, we marketed your program to AIG (incumbent), Chubb, Hartford and Zurich. Zurich declined, <br />as they were not able to offer the Florida Statutory Benefits, Chubb indicated over $25,000 and Hartford indicated <br />$50,000. The best alternative quote came with a $50,000 retention vs. $25,000 <br />This year your two-year rate guarantee has expired. AIG has offered the following options, the County in 2022 <br />opted for the two year term with annual installments. The expired premium was $12,362. <br />Annual Premium $13,726 <br />Two Year Term with Annual Installment $13,040 5.485% <br />Two Year Prepaid $26,080 <br />New Coverage for Consideration <br />Active Assailant: <br />We obtained an Active Assailant quote which is defined as a premediated physical attack involving the use of a <br />"weapon" and committed by an individual or group actively engaged in killing or attempting to kill or cause bodily <br />injury to any other individual group <br />Active Assailant <br />Form <br />Pay on Behalf of excess of deductible <br />Liability Coverage <br />Included <br />Limit Policy Aggregate <br />$1,000,000 <br />1: Response Consultant Coverage <br />2: Victim Compensation Fund and Extra Expense <br />3: Legal Liability <br />4: Property <br />5: Business Interruption <br />First Party Property Damage <br />Included for repair or rebuild your premises including contents, <br />up to policy limits <br />including costs to remove debris or professional services <br />Business Interruption <br />Reimbursement for your actual loss sustained indemnity period, <br />which is either 120 days (B, E & F) or 365 (A, C & D) <br />A: Business Interruption <br />B: Prevention or Restriction of Access to Premises <br />C: Rental Income <br />D: Newly Acquired or Constructed Property <br />E: Loss of Attraction <br />Scheduled Owned Coverage <br />Yes <br />Off -Site <br />No, if off-site premises coverage desired it would be an additional <br />premium <br />Threat Coverage <br />Reimburse you for your actual loss sustained during the indemnity <br />period as a direct result of an interruption to your business activities <br />caused directly by any specific threat first made during the period of <br />the policy to carry out an active assailant event at your premises. <br />Victim Compensation & Extra <br />Can cover <br />Expense <br />a) Relocation of employee <br />b) Medical or psychiatric treatment for employee or 3'd party <br />c Funeral costs of an employee or 3 d art <br />