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SIVER INSURANCE CONSULTANTS Ms. Priscilla Walker September 7,2011 Page 5 Sponsored Activity Accident Policy Brown & Brown has proposed continuation of the City's Sponsored Activity Accident Policy with Mutual of Omaha Insurance for the same premium as the expiring policy, $11,164 and we recommend the policy be renewed. Since Brown & Brown did not address any policy changes in their proposal, we suggest that they be asked to confirm how the proposed renewal policy may be different from the expiring policy. The Florida League of Cities did not provide a proposal for this coverage. Hull Coverage We have recommended that the City renew the Hull policy for "The Grey Pearl" currently provided by RLI Insurance Co. through Brown & Brown Insurance. Storage Tank Coverage Brown & Brown has proposed continuation of the Storage Tank policy effective January I, 2012 with Illinois Union Insurance for the same premium as the expiring policy, $1,712 and we recommend the policy be renewed. However, since the Brown & Brown proposal is not clear on the subject, we suggest that they be asked to confirm how the proposed renewal policy may be different from the expiring policy. The Florida League of Cities did not provide a proposal for this coverage. Glass Coverage. We have not recommended that the City continue the glass policy currently provided by USPlate Glass Insurance for a renewal premium of $11,874, although we can certainly understand if the City chooses to do so. Although coverage for structural glass is already included in the City's property coverage, subject to a 5% named storm deductible, we understand this policy was originally purchased for the convenience of having a low deductible ($100) and ready supply of replacement glass in the event of a major storm. Now that the premium has increased to $11,874 (from $8,764) we suggest that the City may wish to reconsider whether this coverage is still worth the convenience. Statutory Police Death Coverage The Florida League of Cities has included a proposal for a policy to cover the statutory benefits the City is required to pay for the death of a law enforcement officer while engaged in the course of his duties. The premium proposed is $1,868. We assume the City maintains a policy for this coverage and we do not know whether the City is considering proposals for this coverage at this time. We do not see that it was a coverage requested in the RFP and Brown and Brown did not provide a quote for that coverage.