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City Of Decatur ��� Gallagher
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<br /> The following disclosures are hereby made a part of this proposal.Please review these disclosures prior to signing the Client Authorization to
<br /> Bind or e-mail confirmation.
<br /> Proposal Disclaimer
<br /> IMPORTANT:The proposal and/or any executive summaries outline certain terms and conditions of the insurance proposed by the insurers,
<br /> based on the information provided by your company. The insurance policies themselves must be read to fully understand the terms,coverages,
<br /> exclusions,limitations and/or conditions of the actual policy contract of insurance. Policy forms will be made available upon request. We make
<br /> no warranties with respect to policy limits or coverage considerations of the carrier.
<br /> Compensation Disclosure
<br /> 1.Gallagher Companies are primarily compensated from the usual and customary commissions,fees or,where permitted,a combination of
<br /> both,for brokerage and servicing of insurance policies,annuity contracts,guarantee contracts and surety bonds(collectively"insurance
<br /> coverages")handled for a clienYs account,which may vary based on market conditions and the insurance product placed for the client.
<br /> 2.In placing,renewing,consulting on or servicing your insurance coverages,Gallagher companies may participate in contingent and
<br /> supplemental commission arrangements with intermediaries and insurance companies that provide for additional compensation if certain
<br /> undervvriting,profitability,volume or retention goals are achieved.Such goals are typically based on the total amount of certain insurance
<br /> coverages placed by Gallagher with the insurance company,not on an individual policy basis. As a result,Gallagher may be considered to have
<br /> an incentive to place your insurance coverages with a particular insurance company.If you do not wish to have your commercial insurance
<br /> placement included in consideration for additional compensation,contact your producer or service team for an Opt-out form.
<br /> 3.Gallagher Companies may receive investment income on fiduciary funds temporarily held by them,or from obtaining or generating premium
<br /> finance quotes,unless prohibited by law.
<br /> 4.Gallagher Companies may also access or have an ownership interest in other facilities,including wholesalers,reinsurance intermediaries,
<br /> captive managers,undervvriting managers and others that act as intermediaries for both Gallagher and other brokers in the insurance
<br /> marketplace some of which may earn and retain customary brokerage commission and fees for their work.
<br /> If you have specific questions about any compensation received by Gallagher and its affiliates in relation to your insurance placements,please
<br /> contact your Gallagher representative for more details.
<br /> In the event you wish to register a formal complaint regarding compensation Gallagher receives from insurers or third-parties,please contact
<br /> Gallagher via e-mail at Compensation_Complaints@ajg.com or by regular mail at:
<br /> Chief Compliance Officer
<br /> Gallagher Global Brokerage
<br /> Arthur J.Gallagher&Co.
<br /> 2850 Golf Rd.
<br /> Rolling Meadows,IL 60008
<br /> TRIA/TRIPRA Disclaimer
<br /> If this proposal contains options to purchase TRIA/TRIPRA coverage,the proposed TRIA/TRIPRA program may not cover all terrorism losses.
<br /> While the amendments to TRIA eliminated the distinction between foreign and domestic acts of terrorism,a number of lines of coverage
<br /> excluded under the amendments passed in 2005 remain excluded including commercial automobile,burglary and theft insurance;surety
<br /> insurance,farm owners multiple perils and professional liability(although directors and officers liability is specifically included).If such excluded
<br /> coverages are required,we recommend that you consider purchasing a separate terrorism policy.Please note that a separate terrorism policy
<br /> for these excluded coverages may be necessary to satisTy loan covenants or other contractual obligations.TRIPRA includes a$100 billion cap
<br /> on insurers'aggregate liability.
<br /> The TRIPRA program increases the amount needed in total losses by$20 million each calendar year before the TRIPRA program responds
<br /> from the 2015 trigger of$100 million to$200 million by the year 2020.
<br /> TRIPRA is set to expire on December 31,2020.There is no certainty of extension,thus the coverage provided by your insurers may or may not
<br /> eutend beyond December 31,2020.In the event you have loan covenants or other contractual obligations requiring that TRIA/TRIPRA be
<br /> maintained throughout the duration of your policy period,we recommend that a separate"Stand Alone"terrorism policy be purchased to satisfy
<br /> those obligations. �'`"�
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