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Home My WebLink AboutContractExcess Liability, Workers’ Compensation, Pollution, Airport Liability and Unmanned Aircraft Renewal Proposal January 1, 2023 – 2024 Presented on December 20, 2022 by: Brian White, Senior Vice President Anne Shackelford, Vice President Alliant Insurance Services, Inc. 1420 Fifth Avenue, Suite 1500 Seattle, WA 98101 O 206 204 9100 F 206 204 9205 CA License No. 0C3686 www.alliant.com City of Renton CAG-22-403 Date Issued: 12/20/22 Alliant Insurance Services, Inc. | www.alliant.com | CA License No. 0C36861 Page 2 City of Renton | 2023-2024 Liability Renewal Proposal Table of Contents Your Service Team ................................................................................................................................................................................................................. 4 Liability Insurance Market Update: .......................................................................................................................................................................................... 5 Casualty Insurance Program Structure: Expiring & Renewal ................................................................................................................................................. 6 Line of Coverage – General Liability/Excess Liability Program - $25,000,000 ....................................................................................................................... 7 Line of Coverage - Excess Workers’ Compensation and Employers Liability ......................................................................................................................11 Line of Coverage - Airport Liability/War, Hi-Jacking & Other Perils/TRIA ............................................................................................................................13 Line of Coverage - Storage Tank Pollution Liability ..............................................................................................................................................................17 Line of Coverage – Unmanned Aircraft Insurance ................................................................................................................................................................19 Premium History ....................................................................................................................................................................................................................22 Disclosures ............................................................................................................................................................................................................................23 NY Regulation 194 ................................................................................................................................................................................................................................................................................ 24 Privacy ........................................................................................................................................................................................................................................................................................................ 24 FATCA: ...................................................................................................................................................................................................................................................................................................... 24 NRRA: .......................................................................................................................................................................................................................................................................................................... 24 Guarantee Funds .................................................................................................................................................................................................................................................................................... 25 Claims Reporting: .................................................................................................................................................................................................................................................................................. 25 Changes and Developments .............................................................................................................................................................................................................................................................. 25 Certificates / Evidence of Insurance ............................................................................................................................................................................................................................................. 26 Flood Disclosure ...................................................................................................................................................................................................................27 Optional Coverages ..............................................................................................................................................................................................................28 Glossary of Insurance Terms ..................................................................................................................................................................................................29 Date Issued: 12/20/22 Alliant Insurance Services, Inc. | www.alliant.com | CA License No. 0C36861 Page 3 City of Renton | 2023-2024 Liability Renewal Proposal Request to Bind Coverage ....................................................................................................................................................................................................30 Date Issued: 12/20/22 Alliant Insurance Services, Inc. | www.alliant.com | CA License No. 0C36861 Page 4 City of Renton | 2023-2024 Liability Renewal Proposal Your Service Team Brian White Senior Vice President bwhite@alliant.com Phone: 206-204-9126 Cell: 415-203-5983 Anne Shackelford Vice President Anne.Shackelford@alliant.com Phone: 206-454-8021 Cell: 425-231-4714 Kevin Miller First Vice President kamiller@alliant.com Phone: 206 204 9141 Cell: 602 300 8468 Jamie Arnoldi Account Manager Jamie.Arnoldi@alliant.com Phone: 949-627-7000 Vicki Holaday, CRM, CIC, APA, AU Assistant Vice President / Account Executive vholaday@alliant.com Phone: 206-204-9138 Renee Judge, AAI, AIS Assistant Vice President / Account Executive rjudge@alliant.com Phone: 206-204-9174 Joyce Roberts Account Manager jeroberts@alliant.com Phone: 206-204-9175 Date Issued: 12/20/22 Alliant Insurance Services, Inc. | www.alliant.com | CA License No. 0C36861 Page 5 City of Renton | 2023-2024 Liability Renewal Proposal Liability Insurance Market Update: The Casualty insurance market continues to undergo significant realignment in terms of available capacity, underwriters’ appetite, and pricing adequacy. The Public Sector, in particular, is experiencing this in an acute way. Public Entities with Law Enforcement exposure are under even greater pressure. Although rate increases are moderating for liability lines, the market continues to be characterized by sustained underwriting discipline and ongoing focus on the following items: Date Issued: 12/20/22 Alliant Insurance Services, Inc. | www.alliant.com | CA License No. 0C36861 Page 6 City of Renton | 2023-2024 Liability Renewal Proposal Casualty Insurance Program Structure: Expiring & Renewal $25M $25M $20M $20M $15M $15M $5M $5M $2M $300,000 $300,000 Liability Placement Effective 1/1/23 (Not to Scale) Hallmark $5M X 15M ($5M per Occurrence / $10M Aggregate*) AWAC $5M X 20M ($5M per Occurrence / $10M Aggregate*) Safety National (SN) $3M X $2M ($3M per Occurrence / $6M Aggregate*) Liability Placement Effective 1/1/22 (Not to Scale) AWAC $10M X $5M ($10M per Occurrence / $20M Aggregate*) AWAC $10M x $5M ($10M per Occurrence / $10M Aggregate*) ($5M per Occurrence / $5M Aggregate*) Hallmark $5M x $15M ($5M per Occurrence / $5M Aggregate*) AWAC $5M x $20M Safety National *Except Auto, which is outside Aggregate Self Insured Retention (SIR) Per Occurrence Auto Liability $5M Public Officials / Empl. Practices $5M/$5M agg, Gen. Liab. $5M/$5M agg. Law Enforcemen t Prof. $5M/$5M agg. Self Insured Retention (SIR) Per Occurrence SN Auto $2M SN Public Officials / Empl. Practices $2M/$4M agg, SN Gen. Liab. $2M/$4M agg. SN Law Enforcement Prof. $2M/$4M agg. Date Issued: 12/20/22 Alliant Insurance Services, Inc. | www.alliant.com | CA License No. 0C36861 Page 7 City of Renton | 2023-2024 Liability Renewal Proposal Line of Coverage – General Liability/Excess Liability Program - $25,000,000 EXPIRING COVERAGE 2022-2023 RENEWAL COVERAGE 2023-2024 INSURANCE COMPANY: Safety National Casualty Corporation Safety Specialty Insurance Company Allied World Assurance Company (U.S.) Inc Hallmark Specialty Insurance Company Safety National Casualty Corporation Allied World Assurance Company (U.S.) Inc Hallmark Specialty Insurance Company A.M. BEST RATING: Safety National / Safety Specialty – A++ (Superior), Financial Size Category XV ($2 Billion or greater), as of 11/17/21 Allied World – A (Excellent), Financial Size Category XV ($2 Billion or greater), as of 3/26/21 Hallmark – A- (Excellent), VIII ($100 Million to $250 Million) as of 11/16/21 Safety National A++ (Superior), Financial Size Category XV ($2 Billion or greater), as of 11/17/22 Allied World – A (Excellent), Financial Size Category XV ($2 Billion or greater), as of 5/25/22 Hallmark – A- (Excellent), VIII ($100 Million to $250 Million) as of 10/7/22 STATE COVERED STATUS: Admitted / Non-Admitted / Non-Admitted / Non- Admitted Admitted / Non-Admitted / Non-Admitted POLICY / COVERAGE TERM: January 1, 2022 to January 1, 2023 January 1, 2023 to January 1, 2024 Occurrence Form Policy-Including the following coverages: Excess Liabilities: $25,000,000 Each Occurrence/Wrongful Act/ Accident for General Liability, Automobile Liability, Law Enforcement Liability, Public Officials and Employment Practices Liability, Stop Gap (Employer’s Liability) Excess Liabilities: $25,000,000 Each Occurrence/Wrongful Act/ Accident for General Liability, Automobile Liability, Law Enforcement Liability, Public Officials and Employment Practices Liability, Stop Gap (Employer’s Liability) Self-Insured Retention $300,000 $300,000 Date Issued: 12/20/22 Alliant Insurance Services, Inc. | www.alliant.com | CA License No. 0C36861 Page 8 City of Renton | 2023-2024 Liability Renewal Proposal EXPIRING COVERAGE 2022-2023 RENEWAL COVERAGE 2023-2024 Safety National Forms Public Entity Excess Retained Limits Liability Insurance Policy $500,000 Damage to Premises Rented to You Employee Benefits Liability Endorsement Privacy Statement Fraud Statement U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) Advisory Notice Washington – Amendatory Endorsement Washington Disclosure Notice For “Large Commercial Account” Clash Coverage Waiver of Subrogation (blanket) Stop Gap – Employer’s Liability Coverage Broadened Named Insured Primary & Non-Contributory (blanket) Public Entity Excess Retained Limits Liability Insurance Policy $500,000 Damage to Premises Rented to You Employee Benefits Liability Endorsement Privacy Statement Fraud Statement U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) Advisory Notice Washington – Amendatory Endorsement Washington Disclosure Notice For “Large Commercial Account” Clash Coverage Waiver of Subrogation (blanket) Stop Gap – Employer’s Liability Coverage Broadened Named Insured Primary & Non-Contributory (blanket) Key Endorsements/Exclusions Communicable Disease/Infectious Agents Excluded at $10M x $5M AWAC Layer and upwards Excluded at $10M x $5M AWAC Layer and upwards Perfluoroalkyl and Polyfluoroalkyl Substances (PFAS) Excluded at $5M x $15M Hallmark Layer and upwards Excluded at $5M x $15M Hallmark Layer and upwards Failure to Supply Public Utilities Post Sudden/Accidental Physical Injury Not Excluded Not Excluded Subsidence Not Excluded Excluded Dams Not Excluded Excluded Loss of data, personal records, trade secrets, health information Excluded Excluded Any criminal, fraudulent, dishonest act by insured Excluded Excluded Date Issued: 12/20/22 Alliant Insurance Services, Inc. | www.alliant.com | CA License No. 0C36861 Page 9 City of Renton | 2023-2024 Liability Renewal Proposal EXPIRING COVERAGE 2022-2023 RENEWAL COVERAGE 2023-2024 Claims or suits arising out of hospital, emergency room, convalescent home, nursing home or other healthcare facility Excluded Excluded Incidental Medical Services Not Excluded from GL only Not Excluded from GL only Punitive Damages Excluded Excluded Total Pollution Exclusion except for Hostile Fire Exception Not Excluded Not Excluded Mace, Tear Gas, Pepper Spray or Similar used in Law Enforcement Activities Not Excluded from LEL only Not Excluded from LEL only Nuclear Energy Liability Excluded Excluded Fungi/Bacteria/Silica/Asbestos/Lead Excluded Excluded ERISA Coverage Excluded Excluded Amended Definition of Bodily Injury to include Mental Anguish, Shock, etc. Not Excluded Not Excluded Unintentional Failure to Disclose Material Fact Not Excluded Not Excluded Use of Watercraft – Use of onshore only; less than 26’ for non-owned; liability assumed under an insured contract Not Excluded Not Excluded Injury to Volunteer Firefighters Excluded Excluded Medical Expense Coverage Excluded Excluded Unmanned Aircraft/Drones Excluded Excluded Date Issued: 12/20/22 Alliant Insurance Services, Inc. | www.alliant.com | CA License No. 0C36861 Page 10 City of Renton | 2023-2024 Liability Renewal Proposal EXPIRING COVERAGE 2022-2023 RENEWAL COVERAGE 2023-2024 Other Terms/Conditions: Modified SIR – Periodic Claim Reporting Quarterly Reporting Requirement Quarterly Reporting Requirement Broadened Named Insured   Flat Annual Premium – Non-Audit   90 Day Notice of Cancellation; except 10 Days for Non-Payment   Loss Prevention / Risk Management Subsidy $10,000 $10,000 TOTAL COST $463,437 $535,320 (16%) Binding Conditions:  Signed Bind Request  All Surplus Lines Taxes/Fees are Fully Earned Date Issued: 12/20/22 Alliant Insurance Services, Inc. | www.alliant.com | CA License No. 0C36861 Page 11 City of Renton | 2023-2024 Liability Renewal Proposal Line of Coverage - Excess Workers’ Compensation and Employers Liability EXPIRING COVERAGE 2022-2023 RENEWAL COVERAGE 2023-2024 INSURANCE COMPANY: Safety National Casualty Corporation Safety National Casualty Corporation A.M. BEST RATING: A++ (Superior), Financial Size Category: XV ($2 Billion or greater), 11/17/21 A++ (Superior), Financial Size Category: XV ($2 Billion or greater), 11/17/22 STANDARD & POOR’S RATING: A+, pulled 11/23/21 A+, pulled 9/15/22 STATE COVERED STATUS: Admitted Admitted POLICY / COVERAGE TERM: January 1, 2022 to January 1, 2023 January 1, 2023 to January 1, 2024 Coverage Form: Excess Workers’ Compensation and Employers Liability Excess Workers’ Compensation and Employers Liability Limit: Workers’ Compensation Statutory Statutory Employers Liability $1,000,000 $1,000,000 Self-Insured Retention: $750,000 All Others $1,000,000 Police Officers $750,000 All Others $1,000,000 Police Officers Cancellation: 90 Days 90 Days Endorsements and Exclusions: (including but not limited to) Washington Amendatory Endorsement Washington Amendatory Endorsement Washington Cancellation Endorsement Washington Cancellation Endorsement Washington Self Insurer Endorsement Washington Self Insurer Endorsement Washington Service and Administration Endorsement Washington Service and Administration Endorsement Incidental Longshoremen's and Harbor Worker’s Compensation Act Coverage Endorsement Incidental Longshoremen's and Harbor Worker’s Compensation Act Coverage Endorsement Maritime Coverage Endorsement- No Known Exposure Maritime Coverage Endorsement- No Known Exposure Yes Foreign Voluntary Workers' Compensation and Employers' Liability Foreign Voluntary Workers' Compensation and Employers' Liability 90 Day Notice of Cancellation 90 Day Notice of Cancellation Broad Form All States Broad Form All States Date Issued: 12/20/22 Alliant Insurance Services, Inc. | www.alliant.com | CA License No. 0C36861 Page 12 City of Renton | 2023-2024 Liability Renewal Proposal EXPIRING COVERAGE 2022-2023 RENEWAL COVERAGE 2023-2024 Blanket Waiver of Subrogation Blanket Waiver of Subrogation Voluntary Compensation Endorsement Voluntary Compensation Endorsement Self-Insured Retention Per Occurrence – WA Law Enforcement Officers Self-Insured Retention Per Occurrence – WA Law Enforcement Officers Terrorism Risk Insurance Program Reauthorization Act Endorsement Terrorism Risk Insurance Program Reauthorization Act Endorsement TRIA Included Included Estimated Annual Man-hours: 1,099,164 1,157,600 (+5.32%) Net Rate Per Man-hour: 0.0912 0.0958 (+5.04%) Premium: $100,244.00 $110,898.00 (+11%) Policy Auditable: Yes, subject to actual worker hours Yes, subject to actual worker hours Binding Conditions: Signed Bind Request – See Page 26 See Disclaimer Page for Important Notices and Acknowledgement Date Issued: 12/20/22 Alliant Insurance Services, Inc. | www.alliant.com | CA License No. 0C36861 Page 13 City of Renton | 2023-2024 Liability Renewal Proposal Line of Coverage - Airport Liability/War, Hi-Jacking & Other Perils/TRIA EXPIRING COVERAGE 2022-2023 RENEWAL COVERAGE 2023-2024 INSURANCE COMPANY: National Union Fire Insurance Company of Pittsburgh, PA National Union Fire Insurance Company of Pittsburgh, PA A.M. BEST RATING: A (Excellent), Financial Size Category: XV ($2 Billion or greater), as of 10/7/21 A (Excellent), Financial Size Category: XV ($2 Billion or greater), as of 10/7/21 STATE COVERED STATUS: Admitted Admitted POLICY / COVERAGE TERM: January 1, 2022 to January 1, 2023 January 1, 2023 to January 1, 2024 Coverage Form: Commercial General Liability Coverage Form - CGL02-NU (02-05) Commercial General Liability Coverage Form - CGL02-NU (02-05) Scheduled Airports: Renton Municipal Airport Renton Municipal Airport Limits: Products/Completed Operations – Each Occurrence and Aggregate $100,000,000 $100,000,000 Personal & Advertising Injury Aggregate $25,000,000 $25,000,000 Each Occurrence – BI & PD $100,000,000 $100,000,000 Fire Damage (Any One Fire) $500,000 $500,000 Medical Expense (Any One Person) $10,000 $10,000 Hangarkeepers (Any One Occurrence) $100,000,000 $100,000,000 Hangarkeepers (Any One Aircraft) $100,000,000 $100,000,000 Non-Owned Aircraft Liability $100,000,000 $100,000,000 Date Issued: 12/20/22 Alliant Insurance Services, Inc. | www.alliant.com | CA License No. 0C36861 Page 14 City of Renton | 2023-2024 Liability Renewal Proposal Line of Coverage – Airport Liability/War, Hi-Jacking & Other Perils/TRIA (Cont’d) EXPIRING COVERAGE 2022-2023 RENEWAL COVERAGE 2023-2024 Extended Coverage – War, Hi-Jacking and Other Perils Aggregate $50,000,000 $50,000,000 Cargo Liability $5,000,000 $5,000,000 National Incident Management System/ National Response Plan NIMS Agreement Endorsement (Including Off Airport): Each Occurrence $50,000,000 $50,000,000 Damage to Premises Rented to You $ 500,000 $ 500,000 Medical Expense $ 10,000 $ 10,000 Personal & Advertising Injury Aggregate $50,000,000 $50,000,000 Products/Completed Operations Aggregate $ 50,000,000 $ 50,000,000 Employee Benefits Liability $1,000,000 Each Employee and Annual Aggregate $1,000,000 Each Employee and Annual Aggregate Deductibles: Each Occurrence or Offense/Annual Aggregate $5,000 Piston/$10,000 Turbine Engine $5,000 Piston/$10,000 Turbine Engine Hangarkeeper’s Liability $5,000 Piston/$10,000 Turbine Engine $5,000 Piston/$10,000 Turbine Engine Cargo Liability $25,000 Each Claim $25,000 Each Claim Endorsements and Exclusions: (including but not limited to)  Amendment of Coverage Territory - Worldwide Coverage  Amendment of Bodily Injury Definition  National Incident Management System/National Response Plan NIMS Agreement Endorsement - 2  Mutual Aid Agreement - 2  Aviation Operations Definition Endorsement  Amendment of Coverage Territory - Worldwide Coverage  Amendment of Bodily Injury Definition  National Incident Management System/National Response Plan NIMS Agreement Endorsement - 2  Mutual Aid Agreement - 2  Aviation Operations Definition Endorsement Date Issued: 12/20/22 Alliant Insurance Services, Inc. | www.alliant.com | CA License No. 0C36861 Page 15 City of Renton | 2023-2024 Liability Renewal Proposal Line of Coverage – Airport Liability/War, Hi-Jacking & Other Perils/TRIA (Cont’d) EXPIRING COVERAGE 2022-2023 RENEWAL COVERAGE 2023-2024 Endorsements and Exclusions - Continued: (including but not limited to) Deductible Liability Insurance Endorsement Cancellation by Us Endorsement Asbestos Exclusion Endorsement Nuclear Risks Exclusion Clause AVN38B Date Recognition Exclusion Clause AVN2000A Date Recognition Limited Coverage Clause AVN2002A Noise and Pollution and Other Perils Exclusion Clause AVN46B Pollution or Contamination of The Product Sold or Supplied Terrorism Exclusion - Certified Acts Federal Share of Compensation Under TRIA and Cap on Losses Endorsement Exclusion Deletion Endorsement War Hi-jacking And Other Perils Exclusion Clause Aviation AVN48B - Washington Extended Coverage Endorsement Aviation Liabilities AVN52G Extended Coverage Endorsement Aviation Liabilities Amendment to Limitation of Liability Airport Expansion Endorsement Non-Owned Aircraft Liability Endorsement - Airport Owner / Operator Deductible Liability Insurance Endorsement Cancellation by Us Endorsement Asbestos Exclusion Endorsement Nuclear Risks Exclusion Clause AVN38B Date Recognition Exclusion Clause AVN2000A Date Recognition Limited Coverage Clause AVN2002A Noise and Pollution and Other Perils Exclusion Clause AVN46B Pollution or Contamination of The Product Sold or Supplied Terrorism Exclusion - Certified Acts Federal Share of Compensation Under TRIA and Cap on Losses Endorsement Exclusion Deletion Endorsement War Hi-jacking And Other Perils Exclusion Clause Aviation AVN48B - Washington Extended Coverage Endorsement Aviation Liabilities AVN52G Extended Coverage Endorsement Aviation Liabilities Amendment to Limitation of Liability Airport Expansion Endorsement Non-Owned Aircraft Liability Endorsement - Airport Owner / Operator Date Issued: 12/20/22 Alliant Insurance Services, Inc. | www.alliant.com | CA License No. 0C36861 Page 16 City of Renton | 2023-2024 Liability Renewal Proposal Line of Coverage – Airport Liability/War, Hi-Jacking & Other Perils/TRIA (Cont’d) EXPIRING COVERAGE 2022-2023 RENEWAL COVERAGE 2023-2024 Endorsements and Exclusions - Continued: (including but not limited to) Cargo Liability Endorsement Employee Benefits Liability Endorsement Excess Auto Legal Liability Excess Employer's Liability Waiver of Governmental Immunity Endorsement Sanctions and Embargo Clause - AVN111 Washington Amendatory Endorsement Washington Amendatory Endorsement Policyholder Notice Change of Insurer's Address Notification Coronavirus Exclusion for Excess Non- Aviation Liability – Washington, Electronic Data Event Liability Cap on Losses Endorsement Sanctions and Embargo Clause Cargo Liability Endorsement Employee Benefits Liability Endorsement Excess Auto Legal Liability Excess Employer's Liability Waiver of Governmental Immunity Endorsement Sanctions and Embargo Clause - AVN111 Washington Amendatory Endorsement Washington Amendatory Endorsement Policyholder Notice Change of Insurer's Address Notification Coronavirus Exclusion for Excess Non- Aviation Liability – Washington, Electronic Data Event Liability Cap on Losses Endorsement Software Affirmation Clause Sanctions and Embargo Clause Airport Liability $21,253.00 $22,358.00 War, Hi-Jacking & Other Perils $ 2,077.00 $ 2,985.00 TRIA $ 4,412.00 $ 4,822.00 Total Premium $27,742.00 $30,165.00 (+9%) Binding Conditions: Signed Bind Request See Disclaimer Page for Important Notices and Acknowledgement Date Issued: 12/20/22 Alliant Insurance Services, Inc. | www.alliant.com | CA License No. 0C36861 Page 17 City of Renton | 2023-2024 Liability Renewal Proposal Line of Coverage - Storage Tank Pollution Liability EXPIRING COVERAGE 2022-2023 RENEWAL COVERAGE 2023-2024 INSURANCE COMPANY: Mid-Continent Casualty Company Mid-Continent Casualty Company A.M. BEST RATING:A+ (Superior), Financial Size Category: VIII (100 Million to $250 Million), as of 10/28/2020 A+ (Superior), Financial Size Category: IX ($250 Million to $500 Million) as of 10/3/2021 STATE COVERED STATUS: Admitted Admitted POLICY / COVERAGE TERM: January 1, 2022 to January 1, 2023 January 1, 2023 to January 1, 2024 Coverage Form: Pollution Liability Coverage Form (Designated Sites) TO 00 01 01 19 Pollution Liability Coverage Form (Designated Sites) - TO 00 01 01 19 Limit: Coverage A: Bodily Injury & Property Damage Per Pollution Incident / Annual Aggregate $1,000,000 $1,000,000 Coverage B: Government Mandated “Clean-Up Costs” Liability $1,000,000 $1,000,000 Coverage C: Repair of Storage Tank System(s) $50,000 $50,000 Designated Sites: 3555 NE 2nd Street Renton, WA 98056 Two underground storage tanks Two underground storage tanks 4000 Maple Valley Highway Renton, WA 98058 One underground storage tank One underground storage tank Retroactive Date: 1/1/2011 1/1/2011 Deductibles: $ 2,500 Per Environmental Incident $ 2,500 Per Environmental Incident Date Issued: 12/20/22 Alliant Insurance Services, Inc. | www.alliant.com | CA License No. 0C36861 Page 18 City of Renton | 2023-2024 Liability Renewal Proposal EXPIRING COVERAGE 2022-2023 RENEWAL COVERAGE 2023-2024 Premium: $ 2,597.00 Policy Premium $ 150.00 Policy Fee $ (194.78) Credit Commission to Broker Fee $ 2,552.22 Total Cost $ 2,777.00 Policy Premium $ 150.00 Policy Fee $ (208.28) Credit Commission to Broker Fee $ 2,718.72 Total Cost (7%) Binding Conditions:  Signed Bind Request See Disclaimer Page for Important Notices and Acknowledgement Date Issued: 12/20/22 Alliant Insurance Services, Inc. | www.alliant.com | CA License No. 0C36861 Page 19 City of Renton | 2023-2024 Liability Renewal Proposal Line of Coverage – Unmanned Aircraft Insurance EXPIRING COVERAGE 2022-2023 RENEWAL COVERAGE 2023-2024 INSURANCE COMPANY: National Union Fire Insurance Company of Pittsburgh, PA National Union Fire Insurance Company of Pittsburgh, PA A.M. BEST RATING:A (Excellent), Financial Size Category: XV ($2 Billion or greater), as of 10/7/21 A (Excellent), Financial Size Category: XV ($2 Billion or greater), as of 10/7/21 STATE COVERED STATUS: Admitted Admitted POLICY / COVERAGE TERM: January 1, 2022 to January 1, 2023 January 1, 2023 to January 1, 2024 Coverage Form: Unmanned Aircraft Aviation Policy Provisions – UAS01-NU (03-14) Unmanned Aircraft Aviation Policy Provisions – UAS01-NU (03-14) Scheduled Aircraft 37 UAVs under 11 lbs 1 UAV 11-21 lbs 37 UAVs under 11 lbs. 1 UAV 11-21 lbs. Limits: Single Limit Each Occurrence – BI & PD $1,000,000 $1,000,000 Medical Expense (Any One Person) $5,000 $5,000 Non-Owned Aircraft Liability Not Covered Not Covered Owned Aircraft Physical Damage Not Covered Not Covered TRIA Included Included Covered Aircraft: Any Unmanned Aircraft owned and operated by the Named Insured weighing less than 55 lbs. Any Unmanned Aircraft owned and operated by the Named Insured weighing less than 55 lbs. Pilot/Operator Warranty: Any Operator approved by the named Insured, provided such individuals are under the direct supervision of a properly certificated and rated pilot-in-command who is accompanied at all times by a visual observer. Any Operator approved by the named Insured, provided such individuals are under the direct supervision of a properly certificated and rated pilot-in-command who is accompanied at all times by a visual observer. Date Issued: 12/20/22 Alliant Insurance Services, Inc. | www.alliant.com | CA License No. 0C36861 Page 20 City of Renton | 2023-2024 Liability Renewal Proposal EXPIRING COVERAGE 2022-2023 RENEWAL COVERAGE 2023-2024 Terms and Conditions: (Including, but not limited to)  Noise and Pollution and Other Perils Exclusion Clause  Nuclear Risks Exclusion Clause  Terrorism Exclusion - Certified Acts,  War, Hi-Jacking and Other Perils Exclusion Clause (Aviation)  Asbestos Exclusion Endorsement  Date Recognition Exclusion Clause  Date Recognition Limited Coverage Clause  Broad Coverage Endorsement  Electromagnetic Interference Exclusion Amendment  Electronic Data Event Liability Exclusion  Exclusion Deletion Endorsement Liability Coverage  Fellow Employee Coverage Endorsement  Knowledge of Occurrence and Failure to Report Endorsement  Pilot/Operator Warranty Endorsement  Policy Territory Endorsement  Purpose of Use Endorsement  Exclusion Deletion Endorsement Physical Damage  Personal Injury Extension  Federal Share of Compensation Under TRIA and Cap on Losses Endorsement  Liability Under Contractual Agreements  Software Affirmation Clause  Sanctions and Embargo Clause - AVN111  Washington Amendatory Endorsement - UAS  Washington Amendatory Endorsement  Washington Amendatory Endorsement  Policyholder Notice  Change of Insurer's Address Notification  Noise and Pollution and Other Perils Exclusion Clause  Nuclear Risks Exclusion Clause  Terrorism Exclusion - Certified Acts,  War, Hi-Jacking and Other Perils Exclusion Clause (Aviation)  Asbestos Exclusion Endorsement  Date Recognition Exclusion Clause  Date Recognition Limited Coverage Clause  Broad Coverage Endorsement  Electromagnetic Interference Exclusion Amendment  Electronic Data Event Liability Exclusion  Exclusion Deletion Endorsement Liability Coverage  Fellow Employee Coverage Endorsement  Knowledge of Occurrence and Failure to Report Endorsement  Pilot/Operator Warranty Endorsement  Policy Territory Endorsement  Purpose of Use Endorsement  Exclusion Deletion Endorsement Physical Damage  Personal Injury Extension  Federal Share of Compensation Under TRIA and Cap on Losses Endorsement  Liability Under Contractual Agreements  Software Affirmation Clause  Sanctions and Embargo Clause - AVN111  Washington Amendatory Endorsement - UAS  Washington Amendatory Endorsement  Washington Amendatory Endorsement  Policyholder Notice  Change of Insurer's Address Notification NET Premium: $3,930.00 ($ 589.50) Credit Commission to Broker Fee $3,340.50 Total Premium $4,323.00 ($ 648.45) Credit Commission to Broker Fee $3,674.55 Total Premium (10%) Date Issued: 12/20/22 Alliant Insurance Services, Inc. | www.alliant.com | CA License No. 0C36861 Page 21 City of Renton | 2023-2024 Liability Renewal Proposal EXPIRING COVERAGE 2022-2023 RENEWAL COVERAGE 2023-2024 Policy Territory: Worldwide subject to UAS117 limitations, but also limited to visual line-of-sight operations conducted no higher than 400 feet above ground level (AGL). Flights above 400 feet AGL permitted if conducted within 400 foot radius of a structure. Worldwide (excludes Russia, Ukraine and Belarus) subject to UAS117 limitations, but also limited to operations conducted no higher than 400 feet above ground level (AGL). Flights above 400 feet AGL permitted if conducted within 400-foot radius of a structure. Quote Valid Until: Not Applicable January 1, 2023 Binding Conditions: Signed Bind Request See Disclaimer Page for Important Notices and Acknowledgement Date Issued: 12/20/22 Alliant Insurance Services, Inc. | www.alliant.com | CA License No. 0C36861 Page 22 City of Renton | 2023-2024 Liability Renewal Proposal Premium History COVERAGE 2017 2018 2019 2020 2021 2022 2023 % Change Excess Liabilities $252,381 $256,341.16 $279,325.00 $303,417.00 $393,687.00 $463,437.00 $535,320.00 16% Excess Workers’ Compensation $55,710 $59,877.40 $61,148.15 $63,464.00 $65,017.00 $100,244.00 $110,898.00 11% Airport Liability $19,358 $16,329.00 $18,868.00 $21,770.00 $24,009.00 $27,742.00 $30,165.00 9% Storage Tank Pollution Liability $2,125 $2,196.10 $2,270.10 $2,332.00 $2,439.37 $2,552.22 $2,718.72 7% Unmanned Aircraft (Drones) Liability $0 $1,368.35 $1,445.00 $2,011.00 $2,680.05 $3,340.50 $3,674.55 10% Total Premium $329,574 $336,112.01 $363,056.25 $392,994.00 $487,832.42 $597,315.72 $682,776.27 Broker Fee $48,450 $49,419 $50,407 $50,407 $51,415.00 $52,443.00 Liability $15,000 Included Included Included Included Included Included Property $17,500 Included Included Included Included Included Included Other $15,000 Included Included Included Included Included Included Total Premium + Broker Fee $377,074 $384,562.01 $412,475.25 $443,401.00 $538,239.42 $648,730.72 $735,219.27 14.3% 2% Date Issued: 12/20/22 Alliant Insurance Services, Inc. | www.alliant.com | CA License No. 0C36861 Page 23 City of Renton | 2023-2024 Liability Renewal Proposal Disclosures This proposal of insurance is provided as a matter of convenience and information only. All information included in this proposal, including but not limited to personal and real property values, locations, operations, products, data, automobile schedules, financial data and loss experience, is based on facts and representations supplied to Alliant Insurance Services, Inc. by you. This proposal does not reflect any independent study or investigation by Alliant Insurance Services, Inc. or its agents and employees. Please be advised that this proposal is also expressly conditioned on there being no material change in the risk between the date of this proposal and the inception date of the proposed policy (including the occurrence of any claim or notice of circumstances that may give rise to a claim under any policy which the policy being proposed is a renewal or replacement). In the event of such change of risk, the insurer may, at its sole discretion, modify, or withdraw this proposal, whether or not this offer has already been accepted. This proposal is not confirmation of insurance and does not add to, extend, amend, change, or alter any coverage in any actual policy of insurance you may have. All existing policy terms, conditions, exclusions, and limitations apply. For specific information regarding your insurance coverage, please refer to the policy itself. Alliant Insurance Services, Inc. will not be liable for any claims arising from or related to information included in or omitted from this proposal of insurance. Alliant embraces a policy of transparency with respect to its compensation from insurance transactions. Details on our compensation policy, including the types of income that Alliant may earn on a placement, are available on our website at www.alliant.com. For a copy of our policy or for any inquiries regarding compensation issues pertaining to your account you may also contact us at: Alliant Insurance Services, Inc., Attention: General Counsel, 701 B Street, 6th Floor, San Diego, CA 92101. Analyzing insurers' over-all performance and financial strength is a task that requires specialized skills and in-depth technical understanding of all aspects of insurance company finances and operations. Insurance brokerages such as Alliant Insurance typically rely upon rating agencies for this type of market analysis. Both A.M. Best and Standard and Poor's have been industry leaders in this area for many decades, utilizing a combination of quantitative and qualitative analysis of the information available in formulating their ratings. A.M. Best has an extensive database of nearly 6,000 Life/Health, Property Casualty and International companies. You can visit them at www.ambest.com. For additional information regarding insurer financial strength ratings visit Standard and Poor's website at www.standardandpoors.com. Our goal is to procure insurance for you with underwriters possessing the financial strength to perform. Alliant does not, however, guarantee the solvency of any underwriters with which insurance or reinsurance is placed and maintains no responsibility for any loss or damage arising from the financial failure or insolvency of any insurer. We encourage you to review the publicly available information collected to enable you to make an informed decision to accept or reject a particular underwriter. To learn more about companies doing business in your state, visit the Department of Insurance website for that state Date Issued: 12/20/22 Alliant Insurance Services, Inc. | www.alliant.com | CA License No. 0C36861 Page 24 City of Renton | 2023-2024 Liability Renewal Proposal NY Regulation 194 Alliant Insurance Services, Inc. is an insurance producer licensed by the State of New York. Insurance producers are authorized by their license to confer with insurance purchasers about the benefits, terms and conditions of insurance contracts; to offer advice concerning the substantive benefits of particular insurance contracts; to sell insurance; and to obtain insurance for purchasers. The role of the producer in any particular transaction typically involves one or more of these activities. Compensation will be paid to the producer, based on the insurance contract the producer sells. Depending on the insurer(s) and insurance contract(s) the purchaser selects, compensation will be paid by the insurer(s) selling the insurance contract or by another third party. Such compensation may vary depending on a number of factors, including the insurance contract(s) and the insurer(s) the purchaser selects. In some cases, other factors such as the volume of business a producer provides to an insurer or the profitability of insurance contracts a producer provides to an insurer also may affect compensation. The insurance purchaser may obtain information about compensation expected to be received by the producer based in whole or in part on the sale of insurance to the purchaser, and (if applicable) compensation expected to be received based in whole or in part on any alternative quotes presented to the purchaser by the producer, by requesting such information from the producer. Privacy At Alliant, one of our top priorities is making sure that the information we have about you is protected and secure. We value our relationship with you and work hard to preserve your privacy and ensure that your preferences are honored. At the same time, the very nature of our relationship may result in Alliant’s collecting or sharing certain types of information about you in order to provide the products and services you expect from us. Please take the time to read our full Privacy Policy posted at www.alliant.com, and contact your Alliant service team should you have any questions.. Other Disclosures / Disclaimers FATCA: The Foreign Account Tax Compliance Act (FATCA) requires the notification of certain financial accounts to the United States Internal Revenue Service. Alliant does not provide tax advice so please contact your tax consultant for your obligation regarding FATCA. NRRA: The Non-Admitted and Reinsurance Reform Act (NRRA) went into effect on July 21, 2011. Accordingly, surplus lines tax rates and regulations are subject to change which could result in an increase or decrease of the total surplus lines taxes and/or fees owed on this placement. If a change is required, we will promptly notify you. Any additional taxes and/or fees must be promptly remitted to Alliant Insurance Services, Inc. Date Issued: 12/20/22 Alliant Insurance Services, Inc. | www.alliant.com | CA License No. 0C36861 Page 25 City of Renton | 2023-2024 Liability Renewal Proposal Other Disclosures / Disclaimers - Continued Guarantee Funds Established by law in every state, guaranty funds are maintained by a state's insurance commissioner to protect policyholders in the event that an insurer becomes insolvent or is unable to meet its financial obligations. If your insurance carrier is identified as ‘Non-Admitted’, your policy is not protected by your state’s Guaranty Fund. Claims Reporting: Your policy will come with specific claim reporting requirements. Please make sure you understand these obligations. Contact your Alliant Service Team with any questions. Changes and Developments It is important that we be advised of any changes in your operations, which may have a bearing on the validity and/or adequacy of your insurance. The types of changes that concern us include, but are not limited to, those listed below: Changes in any operations such as expansion to another state, new products, or new applications of existing products. Travel to any state not previously disclosed. Permanent operations outside the United States, Canada or Puerto Rico. Mergers and/or acquisition of new companies and any change in business ownership, including percentages. Any newly assumed contractual liability, granting of indemnities or hold harmless agreements. Any changes in existing premises including vacancy, whether temporary or permanent, alterations, demolition, etc. Also, any new premises either purchased, constructed or occupied Circumstances which may require an increased liability insurance limit. Any changes in fire or theft protection such as the installation of or disconnection of sprinkler systems, burglar alarms, etc. This includes any alterations to the system. Immediate notification of any changes to a scheduled of equipment, property, vehicles, electronic data processing, etc. Property of yours that is in transit, unless previously discussed and/or currently insured. Date Issued: 12/20/22 Alliant Insurance Services, Inc. | www.alliant.com | CA License No. 0C36861 Page 26 City of Renton | 2023-2024 Liability Renewal Proposal Other Disclosures / Disclaimers - Continued Certificates / Evidence of Insurance A Certificate or Evidence is issued as a matter of information only and confers no rights upon the certificate holder. The certificate does not affirmatively or negatively amend, extend or alter the coverage afforded by a policy, nor does it constitute a contract between the issuing insurer(s), authorized representative, producer or recipient. You may have signed contracts, leases or other agreements requiring you to provide this evidence. In those agreements, you may assume obligations and/or liability for others (Indemnification, Hold Harmless) and some of the obligations that are not covered by insurance. We recommend that you and your legal counsel review these documents. In addition to providing a Certificate or Evident of Insurance, you may be required to name your landlord, client or customer on your policy as a loss payee on property insurance or as an additional insured on liability insurance. This is only possible with permission of the insurance company, added by endorsement and, in some cases, an additional premium. By naming the certificate holder as additional insured, there are consequences to your risks and insurance policy including: Your policy limits are now shared with other entities; their claims involvement may reduce or exhaust your aggregate limit. Your policy may provide higher limits than required by contract; your full limits can be exposed to the additional insured. There may be conflicts in defense when your insurer has to defend both you and the additional insured. An additional insured endorsement will most likely not provide notification of cancellation. Some insurance companies use a “blanket” additional insured endorsement that provides coverage automatically when it is required in a written contract. Most insurance companies do not want to be notified of all additional insureds when there is a blanket endorsement on the policy. If a notice of cancellation is required for the additional insured party, you must notify us immediately and we will request an endorsement from your insurance company. There may be an additional premium for adding a notice of cancellation endorsement for an additional insured. See Request to Bind Coverage page for acknowledgement of all disclaimers and disclosures. Date Issued: 12/20/22 Alliant Insurance Services, Inc. | www.alliant.com | CA License No. 0C36861 Page 27 City of Renton | 2023-2024 Liability Renewal Proposal Flood Disclosure Flooding is a serious threat to both personal and commercial clients. Flooding can happen anywhere, not just zone referred to as high-risk areas (Special Flood Hazard Area). Your Alliant team is ready to explain how it works and the associated costs. Basic Facts Congress created the NFIP in 1968 in response to the rising cost of taxpayer-funded disaster relief for flood victims and the increasing amount of damage caused by floods. The NFIP makes federally backed flood insurance available in communities that agree to adopt and enforce floodplain management ordinances to reduce future flood damage. The NFIP is self-supporting for the average historical loss year. This means that unless there is a widespread disaster, operating expenses and flood insurance claims are financed through premiums collected. Commercial buildings or residential dwellings owned by commercial entities are considered commercial property. All others are residential dwellings The FEMA Summary for Commercial Property and FEMA Standard Summary of Coverage provide information on the following: Types of Flood Insurance Coverage What is a Flood- “a General and temporary condition of partial or complete inundation of two or more acres of normally dry land area”… Deductibles – various options to meet your financial needs What is Covered and What is Not The valuation of the Property – Actual Cash Value or Replacement Cost Additional Information Flood Zones - https://www.fema.gov/flood-zones Excess Flood Insurance (contact your Producer for additional information) - Increased limits over the maximum flood limit provided by NFIP FEMA Glossary of Flood Terms https://www.fema.gov/national-flood-insurance-program/definitions Please indicate your selection: ☐I would like to receive a flood quote Signature: Date: Name Printed / Typed: Company Name: I do NOT wish to purchased flood insurance /s/ Kelsey Urban 12/20/22 Kelsey Urban, Risk Manager City of Renton Date Issued: 12/20/22 Alliant Insurance Services, Inc. | www.alliant.com | CA License No. 0C36861 Page 28 City of Renton | 2023-2024 Liability Renewal Proposal Optional Coverages The following represents a list of insurance coverages that may not be included in this proposal but are optional and may be available with further underwriting information. This list is not inclusive of all coverages and if you have questions contact your Alliant representative. If you would like addition quotes please check Yes/No across from the coverage below, sign and return. Target Coverages Yes No CRIME Employee Dishonesty Computer Fraud Social Engineering Increased Limits ☐ ☐ ☐ ☐ ☐ ☐ ☐ ☐ CYBER RISK ☐ ☐ FLOOD INSURANCE ☐ ☐ MANAGEMENT LIABILITY Directors & Officers Liability Employment Practices Liability Fiduciary Liability ☐ ☐ ☐ ☐ ☐ ☐ SELECTING THE “REJECT ALL OR ACCEPT ALL” OPTION WILL OVERRIDE ANY SELECTIONS YOU HAVE MADE ABOVE ☐Reject All ☐Accept All for Consideration Signature of Authorized Insurance Representative Date Title Printed / Typed Name /s/ Kelsey Urban x City of Renton, Risk Manager Kelsey Urban 12/20/22 Date Issued: 12/20/22 Alliant Insurance Services, Inc. | www.alliant.com | CA License No. 0C36861 Page 29 City of Renton | 2023-2024 Liability Renewal Proposal Other Coverage Options Note some of these coverages may be included with limitations or insured elsewhere. This is a partial listing as you may have additional risks not contemplated here which are unique to your organization. Business Income/Extra Expense Earthquake Employed Lawyers Employee Benefits Liability Equipment Breakdown Food Borne Illness Foreign Insurance Garagekeepers Liability Hired Auto Physical Damage Kidnap & Ransom Law Enforcement Liability Media and Publishers Liability Network Security / Privacy Liability and Internet Media Liability Non-Owned & Hired Automobile Liability Pollution Liability Owned/Non-Owned Aircraft Owned Watercraft Professional Liability Property in Transit Property of Others (Clients, Employees, Other) Special Events Liability Spoilage Student Accident Volunteer Accidental Death & Dismemberment (AD&D) Workers Compensation & Employers Liability Workplace Violence Glossary of Insurance Terms Below are links to assist you in understanding the insurance terms you may find within your insurance coverages: http://insurancecommunityuniversity.com/university-resources/insurance-glossary-free https://consumers.ambest.com/content.aspx?rec=261613 http://www.irmi.com/online/insurance-glossary/default.aspx Date Issued: 12/20/22 Alliant Insurance Services, Inc. | www.alliant.com | CA License No. 0C36861 Page 30 City of Renton | 2023-2024 Liability Renewal Proposal Request to Bind Coverage City of Renton We have reviewed the proposal and agree to the terms and conditions of the coverages presented. We are requesting coverage to be bound as outlined by coverage line below: Coverage Line Bind Coverage for: General Liability/Excess Liability – $25M ☐ Excess Workers’ Compensation and Employers Liability ☐ Airport Liability / War, Hi-Jacking& Other Perils / TRIA ☐ Storage Tank Pollution Liability ☐ Unmanned Aircraft Liability ☐ Did you know that Alliant works with premium financing companies? Are you interested in financing your annual premium? Yes, please provide us with a financing quote. No, we do not wish to finance our premium. ☐ ☐ This Authorization to Bind Coverage also acknowledges receipt and review of all disclaimers and disclosures, including exposures used to develop insurance terms, contained within this proposal. Signature of Authorized Insured Representative Date Title Printed / Typed Name This proposal does not constitute a binder of insurance. Binding is subject to the final carrier approval. The actual terms and conditions of the policy will prevail. x x x x x x Mayor, City of Renton Armondo Pavone 12/21/2022 Attest:_________________ Jason Seth, City Clerk