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SIVER INSURANCE CONSULTANTS
<br />Ms. Beth Martin
<br />March 26, 2015
<br />Page 2
<br />On March 4, 2015, proposals were opened. On March 23, 2015, the evaluation
<br />committee met and ranked proposals. AJG was ranked first and B&B was ranked
<br />second.
<br />The proposed insurance coverages are for coverage effective May 1, 2015.
<br />COST SUMMARY OF INSURANCE PROPOSALS
<br />Base Premiums (Before Surcharges)
<br />The insurance premiums shown above do not include broker fees.
<br />BROKER FEE COST SUMMARY
<br />Arthur J. Gallagher Risk Management Services
<br />EXPIRING
<br />PROPOSALS
<br />Compensation to Agent/Broker:
<br />Arthur J. Gallagher Risk
<br />Management Services
<br />Arthur J. Gallagher Risk
<br />Management Services
<br />Brown & Brown of
<br />Florida, Inc.
<br />Property
<br />$1,205,000
<br />$994,238
<br />$1,018,925
<br />Property Terrorism
<br />$15,000
<br />$12,250
<br />$10,000
<br />Boiler & Machinery
<br />$12,203
<br />$10,984
<br />$18,543
<br />Miscellaneous Equipment
<br />$45,854
<br />$50,303
<br />$25,000
<br />Crime
<br />$13,269
<br />$4,903
<br />$11,755
<br />Total Property
<br />$1,291,326
<br />$1,072,678
<br />$1,084,223
<br />Excess GL, Law, E&O, Auto*
<br />$165,200
<br />$150,000
<br />$303,677
<br />Cyber Liability
<br />$17,877
<br />$17,041
<br />$14,977
<br />Watercraft
<br />$9,016
<br />$8,101
<br />$11,739
<br />Total Liability
<br />$192,093
<br />$175,142
<br />$330,393
<br />Excess Workers' Compensation
<br />$179,408
<br />$137,751
<br />Included in GI
<br />TOTAL
<br />$1,662,827
<br />$1,385,571
<br />$1,414,616
<br />*Comments: For comparison purposes, the expiring and proposed Arthur J. Gallagher premiums on this chart do not
<br />include a premium for liability terrorism coverage because the RFP did not request that coverage and
<br />Brown and Brown's proposal did not include it. The expiring premium is $28,850. The proposed
<br />premium for liability terrorism, offered by Arthur I. Gallagher, is $23,925.
<br />The insurance premiums shown above do not include broker fees.
<br />BROKER FEE COST SUMMARY
<br />Arthur J. Gallagher Risk Management Services
<br />Brown & Brown of Florida, Inc.
<br />Compensation to Agent/Broker:
<br />Compensation to Agent/Broker:
<br />Service: Property and Casualty Agent/Broker Ins
<br />Services
<br />Cost: $175,000 Flat Annual Fee
<br />Service: Property and Casualty Agent/Broker Ins.
<br />Services
<br />Cost: $95,000 Flat Annual Fee
<br />Both pre -qualified agent/brokers also provided maximum caps on intermediary
<br />commissions.
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