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<br />( <br /> <br />AUGUST 25, 2010 <br /> <br />PREMIUM SUMMARY <br /> <br />Covera e <br />Commercial Package <br /> <br />Insurer <br />Preferred Govemmentallns. Trust <br />(Not Rated by A.M. Best) <br /> <br />Renewal Premium <br />2010-2011 <br /> <br />TOTAL <br /> <br />$187,393.00 <br />20,070.00 <br />1,996.00 <br />68,568.00 <br />10,245.00 <br />5,954.00 <br />33,343.00 <br />76,672.00 <br />14,752.00 <br />99,908.00 <br /> <br />$518,901.00 <br /> <br />Property <br />Inland Marine <br />Crime Coverage <br />General Liability <br />Public Officials Liability <br />Employment Practices Liability <br />Law Enforcement Liability <br />Automobile Liability <br />Automobile Physical Damage <br />Workers' Compensation <br /> <br />Same as above <br />Same as above <br />Same as above <br />Same as above <br />Same as above <br />Same as above <br />Same as above <br />Same as above <br />Same as above <br />Same as above <br /> <br />( <br /> <br />*This Coverage Agreement shall be 25% minimum earned as of the first day of the <br />"Coverage Period" <br /> <br />PAYMENT TERMS: COMMERCIAL PACKAGE <br /> <br />First Payment of $209,696.50 is due 10/01/10 <br />Second Payment of $104,748.25 is due 12/15/10 <br />Final Payment of $104,748.25 is due 3/16/11 <br /> <br />PAYMENT TERMS: WORKER'S COMBUSTIBLE <br /> <br />Deposit due on 10/1/10: $25,127.00 <br />Nine (9) Equal Installments of $8,309.00 Beginning 11/1/10 <br /> <br />RECOMMENDED COVERAGE INCREASE <br />Increase Limit of Public Officials and Employment Practices Liability from $3,000,000 to <br />$5,000,000 with Deductible reduced from $5,000 to $2,500. <br />Annual Additional Premium: $2,114.00 <br /> <br />AUDITS: <br />The General Liability and Automobile coverages are not subject to year-end audit or <br />adjustment. Therefore, there would not be any additional premiums for increased liability <br />exposures or additional vehicles purchased during the policy year. <br />