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City of Decatur
<br /> Business Insurance Renewal Proposal
<br /> Insurance Renewal Date: October 1,2012
<br /> Contract Period 10/1/2011 10/1/2012 10/1/2012 10/1/2012
<br /> to to to to
<br /> 9/30/2012 9/30/2015 9/30/2015 9/30/2015
<br /> Current Proposed %Change %Change %Change
<br /> Year 1 Year 2 Year 3
<br /> Third Party Administration
<br /> Gallagher Bassett
<br /> term period 1 year 3 year
<br /> per claims fees
<br /> Workers Compensation
<br /> Medical $ 131.00 $ 132.00 0.8% $ 134.64 2.0% $ 137.33 2.0%
<br /> Indemnity $ 786.00 $ 794.00 1.0% $ 809.88 2.0% $ 826.08 2.0%
<br /> Liability/Property
<br /> Auto General Bodily Injury $ 736.00 $ 743.00 1.0% $ 757.86 2.0% $ 773.02 2.0%
<br /> Auto General Property Damage $ 336.00 $ 339.00 0.9% $ 345.78 2.0% $ 352.70 2.0%
<br /> Professional Liability $ 1,461.00 $ 1,476.00 1.0% $ 1,505.52 2.0% $ 1,535.63 2.0%
<br /> Auto Physical Damage $ 236.00 $ 238.00 0.8% $ 242.76 2.0% $ 247.62 2.0%
<br /> Property $ 661.00 $ 668.00 1.1% $ 681.36 2.0% $ 694.99 2.0%
<br /> Ancillary Services
<br /> Admin Data Management $ 6,500.00 $ 6,500.00 0.0% $ 6,500.00 0.0% $ 6,500.00 0.0%
<br /> Claim Telephone $ 21.00 $ - -100.0% $ - 0.0% $ - 0.0%
<br /> Electronic Incident $ 25.00 $ 36.00 44.0% $ 36.00 0.0% $ 36.00 0.0%
<br /> TPA Fee$Based on
<br /> Expected Claim Frequency
<br /> Workers Compensation
<br /> 35 Medical $ 4,585.00 $ 4,620.00 $ 4,712.40 $ 4,806.65
<br /> 35 Indemnity $ 27,510.00 $ 27,790.00 $ 28,345.80 $ 28,912.72
<br /> Sub Total $ 32,095.00 $ 32,410.00 $ 33,058.20 $ 33,719.36
<br /> Liability/Property
<br /> 15 Auto General BodilyInjury $ 11,040.00 $ 11,145.00 $ 11,367.90 $ 11,595.26
<br /> 35 Auto General Property Damage $ 11,760.00 $ 11,865.00 $ 12,102.30 $ 12,344.35
<br /> 1 Professional Liability $ 1,461.00 $ 1,476.00 $ 1,505.52 $ 1,535.63
<br /> 1 Auto Physical Damage $ 236.00 $ 238.00 $ 242.76 $ 247.62
<br /> 1 Property $ 661.00 $ 668.00 $ 681.36 $ 694.99
<br /> Sub Total $ 25,158.00 $ 25,392.00 $ 25,899.84 $ 26.417.84
<br /> Ancillary Services
<br /> Admin Data Management $ 6,500.00 $ 6,500.00 $ 6,500,00 $ 6,500,00
<br /> xxxx
<br /> xxxx
<br /> Sub Total $ 6,500.00 $ 6,500.00 $ 6,500,00 $ 6,500.00
<br /> Total TPA Fee Expected $ 63,753.00 $ 64,302.00 0.9% $ 65,458.04 1.8% $ 66,637.20 1.8%
<br /> Insurance Policies 10/1/2011 10/1/2012
<br /> to to
<br /> 9/30/2012 9/30/2013 Carrier Carrier
<br /> Current Proposed %Change Current Proposed Comments
<br /> 1 Commercial Package $ 194,819 $ 199,145 2.2% PESLIC Munich RE best deal
<br /> 1 Excess Liability $ 99,948 $ 110,312 10.4% PESLIC Munich RE best deal
<br /> 1 Excess Property $ 44,292 $ 60,439 36.5% Travelers Travelers best deal
<br /> 1 Boiler $ 5,417 $ 5,417 0.0% Chubb Chubb best deal
<br /> 1 Crime $ 3,308 $ 3,308 0.0% Travelers Travelers already under contract 2 yr of 3 year
<br /> 1 Surplus Lines Tax/Fees $ 10,773 $ 11,282 4.7%
<br /> 1 Total Liability/Property $ 358,557 $ 389,903 8.7%
<br /> 1 Workers Compensation $ 411,240 $ 557,676 35.6% LibertyMutual LibertyMutual +increase in stop loss from$200k to$500k
<br /> 2 Workers Comp option $ 331,684 -19.3% LibertyMutual LibertyMutual +increase in stop loss from$200k to$750k
<br /> Comments
<br /> Scenario 1 $ 769,797 $ 947,579 23.1% same coverage with Wcomp stop loss increasing from$200k to$500k
<br /> Scenario 2 $ 769,797 $ 721,587 -6.3% same coverage with Wcomp,stop loss increasing from$200k to$750k
<br /> Insurance Renewal[1] Page 1 of 1
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