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Home My WebLink About000259.tiff DEPARTMENT OF FINANCE AND ADMINISTRATION ►'�� PHONE (303) 356-4000, EXT.4218 FAX: (303)352-0242 liD 915 10TH STREET P.O. BOX 758 C. GREELEY, COLORADO 80632 COLORADO November 20, 2002 FAX TO: Ty Pixler, AJ Gallagher & Co. FAX:303-773-9776 PHONE: 720-528-3609 THIS FAX INCLUDES TWO (2) PAGES COUNTING THIS COVER SHEET. Signed binder as requested. Call me if you have questions at 970-356-4000 Ext. 4218. Thanks! Very truly yours, Donald D. Warden Finance and Administration 259 N0V-20-02 04:38PM FROM-AJGC0-DENVER 3037739776 T-481 P.001/016 F-766 Ty PixlerAit To: dwarden@co.weld.co.us cc: karen graham 1l/19/02 02:09 PM cc: Subject: 12/31/02 - 12/31/03 Renewal Proposal Don, As promised, attached is the renewal proposal. Please review and let me know if you have any questions or would like to discuss further. If you would like to bind covearge please send me an e-mail or sign the last page and fax back to me indicating which option ofthe excess workers compensation that you would like to bind. Thanks for your business Don, I look forward to working with you over the next year. Ty gib i.,..., A..*A Yl re-y_A ..,,.r .,., £4X,....IA' n*WC 02 EXWC Proposal Ty Pixler Senior Account Manager Public Entity& Scholastic Division Post-itt'Fax Note 7671 Dete Jy 4/p si W /1p Arthur J. Gallagher&Co. • Denver To L pt►'t• Fro_"'fir` /s'j r 7900 East Union Avenue, Suite 200 coroep, co. G -114 Denver, CO 80237 v"°"°°71O_ -t//,��j Phone°7�•�g_,f? 7 Direct: (720) 528-7609 Fax°giD- Z—o)Y.1 Fax"303 —?73— 77{0 Fax: (303) 773-9776 X121 S NOV-g0-02 ' 04:38PM FROM-AJGCO-DENVER 3037739776 T-481 P.002/016 F-766 2002 SPECIFIC EXCESS WORKERS COMPENSATION INSURANCE PROPOSAL PREPARED FOR WELD COUNTY, COLORADO NOVEMBER 19, 2002 RENEWAL EFFECTIVE DATE: DECEMBER 31, 2002 PRESENTED BY: KAREN L. GRAHAM, CIG TY PIXLER VICE PRESIDENT SENIOR ACCOUNT MANAGER Public Entity and Scholastic Division ARTHUR J. GALLAGHER& CO. 7900 EAST UNION AVENUE, SUITE 200 DENVER, CO 8O23 7-2 73 7 (303) 773-9999 KAREN@GRAHAm@AJG.com http://www.ajg.com Meeting your needs . . . •, . . . Exceeding your expectation! M.CtientdodWeld County\WC 02 MAC Proposal.doc Copyright°Ardor J.Ga N0V-Z0-02 ' 04:38PM FROM-AJGC0-DENVER 3037739776 T-481 P.003/016 F-766 - WELD COUNTY,`COLORADO TABLE OF CONTENTS PREMIUM/EXPOSURE/RATE SUMMARY COVERAGE SUMMARY MARKET OVERVIEW IMPORTANT DISCLOSURES M::IItlM1dO[\Weld Cmnry\WC 02 EXWC Ptop•saldoc Public Entity and Scholastic Division N0V-20-02 ' 04:39PM FROM-AJGC0-DENVER 3037739776 T-481 P.004/016 F-766 WELD COUNTY, COLORADO PREMiur/EXPosuiE/RATE SUMMARY, M:KI"wn.doc\Weld County 02 IXWC Proposal.doc Public Entity and Scholastic Division Page I NOV-20-02 ' 04:39PM FROM-AJGCO-DENVER 3037739776 T-481 P.005/016 F-766 WELD COUNTY. COLORADO 41, PREMIUM SUMMARY 12/31/01 12/31/02 Excess Workers Compensation $19,800 $39,823 (Estimate - Final Figure to be determined subject to Audit) SIR Bond $6,773 $7,230 RATE SUMMARY 12/31/01 12/31/02 % OF CHANGE Excess Workers Compensation .0576 .0908 58% SIR Bond $8.90 $9.50 7% EXPOSURE SUMMARY 12/31/99 12/31/02 % OF CHANGE Payroll Estimate $34,351,486 $43,857,383 28% SIR Bond $761,000 $761,000 0% M;CliencdodWeld County\WC 02(XWC Proposal duc Public Entity and Scholastic DivisiJ_� Page 2 WELD COUNTY, COLORADO - SPECIFIC EXCESS WORKERS COMPENSATION 2002 QUOTE COMPARISON T A COVERAGE DESCRIPTION MIDWEST IIDWE ) -s„r MIDWEST SAFETY SAFETY EMPLOYERS RE EMPLOYERS aikl4(PLQtEItt EMPLOYERS NATIONAL NATIONAL (OPTION V) E, CASUALTY CO. :04t1AI:tt.cC10,14 CASUALTY CO. (OPTION III) AGGREGATE C A (EXPIRING) tRgOIDE,{N 1 ' (OPTION II) (OPTION IV) ' `OPTIS5!] ) Specific Workers Compensation Limit Statutory - Statut4tt _ Statutory $25,000,000 Statutory $25,000,000 Employers Liability Limit $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000 it c d , • Retention $300,000 ;•,‘,2),:$300,110„0. A,4!,: $350,000 $400,000 $400,000 $350,000 Estimated Payroll $41,689,808 $43 Q$7,383 $43,857,383 $43,857,383 $43,857,383 $43,857,383 ,.:x4te , . Rate/ $100 .0576 .0908a•if:1:.`1,111 .0761 .0880 .0970 .1515 Annual Deposit Premium $19,800 :i;::; :$'39--623:!2,3?;.- $33,375 $38,594 $42,542 $66,444 -i O O T tr T M:\CI'tenl.dot\Weld County\WC 02 EXWC Poopoal.doc trkeJxylr nh,kinn a N0V-20-02 04:39PM FROM-AJGC0-DENVER 3037739776 T-481 P.007/016 F-766 WELD COUNTY, COLORADO COVERAGE SUMMARY %t CIIencdodWtld Camp/WC 02 IXWC Ptopaal.0oc Pub&Entity and Scholastic DMsionl Page 4 NOV-20-02 • 04:40PM FROM-AJGCO-DENVER 3037739776 T-481 P.008/016 F-766 WELD COUNTY, -COLORADO SPECIFIC EXCESS WORKERS COMPENSATION DECEMBER 31, 2002 RENEWAL CURRENT CARRIER: MIDWEST EMPLOYERS CASUALTY CO. RATE / .0908 per $100 Payroll AUDITABLE BASIS / 12/31/2002-03 Estimated Payroll - $43,857,383 LIMITS WORKERS COMPENSATION 1 Statutory EMPLOYERS LIABILITY 1 $ 1,000,000 Occurrence/Aggregate SPECIFIC RETENTIONS WORKERS COMPENSATION 1 $ 300,000 Each Accident 1 $ 300,000 Each Employee for Disease EMPLOYERS LIABILITY 1 $ 300,000 Each Accident / $ 300,000 Each Employee for Disease TERMS/ CONDITIONS 1 Allocated claims expenses included in SIR and limits USL&H — Limited to State Act All States 1 Voluntary Compensation Endorsement P Communicable Disease Endorsement / Commutation Clause deleted 1 Non-Compensated Board Members included / Aircraft Exclusion 1 90-day Notice of Cancellation/ Non-renewal 1 Auditable-Annually P Deletion of Late Reporting Penalty M1ClientdodWeld Coumy.WC 02 EXWC Proporal.doc Public Entity and Schdastic Dlvisto_ —�� Page 5 NOV-20-02 04:40PM FROM-AJGCO-DENVER 3037739776 T-481 P.009/016 F-766 WELD COUNTY, COLORADO e MARKET OVERVIEW M:;COencdodWeld Comrcy\WC 02 EXWC Praponl-doc Public Entity and Scholastic Division — Page 6 N0V-20-02 04:40PM FROM-AJGC0-DENVER 3037739776 7-461 P.010/016 F-766 WELD COUNTY.`COLORADO • MARKET OVERVIEW Obtaining a comprehensive and competitively priced program of insurance in the marketplace requires more than access to the market. Past experience and credibility with markets are the foundation of a successful campaign for your company. Complete and accurate submissions, with detailed specifications, are essential. Arthur J. Gallagher & Co. made a complete and personal presentation to each company contacted. INSURANCE CARRIER COVERAGES BEST'S SURPLUS CARRIER'S POSITION RATING - LINES Midwest Employers Excess Workers AX No Quoted Casualty Compensation Safety National Excess Workers AVIII No Quoted Compensation ERC Excess Workers A+XV No Quoted Compensation Hartford Excess Workers A+XV No Would only quote excess of Compensation ERC.ERC is not a viable option. Republic Western Excess Workers A+XV No Interest in municipalities with (Insurance Corporation Compensation safety personnel is limited. of Hanover) Minimum SIR is$500,000 with Cash flow program. Quote not provided. NOTE: if a company is indicated as a surplus lines company, the placement does not benefit from state guarantee funds in the event of carrier insolvency. at Cliani.dodweld Count%WC 02 EXWC Progasal.doc Public Entity and Scholastic Division --- �-1-- Page 7 NOV-20-02 . 04:40PM FROM-AJGCO-DENVER 3037739776 T-481 P.011/016 F-766 WELD COUNTY, COLORADO GUIDE TO A.M. BEST'S RATINGS Best's Insurance Reports, published annually by A.M. Best Company, Inc., presents comprehensive reports on the financial position, history, and transactions of insurance companies operating in the United States and Canada. Companies licensed to do business in the United States are assigned a Best's Rating which attempts to measure the comparative position of the company or association against industry averages. Best's ratings are based on analysis, which give consideration to a number of factors of varying importance. While the analysis is believed to be reliable, we cannot guarantee the accuracy of the rating or the financial stability of the insurance company. A copy of the Best's Insurance Report on the insurance companies is available for your review. BEST'S RATING CLASSIFICATIONS A+ + to A+ Superior B to B- Fair A to A- Excellent C+ + to C+ Marginal B+ + to B+ Very Good CtoC- Weak BEST'S FINANCIAL CLASSIFICATIONS I $O to $1,OOO,OOO II $1,OOO,OOO to $2,OOO,OOO III $2,OOO,OOO to $5,OOO,OOO IV $5,OOO,OOO to $1O,OOO,OOO V $1O,OOO,OOO to $25,OOO,OOO VI $25,OOO,OOO to $5O,OOO,OOO VII $5O,OOO,OOO to $1OO,OOO,OOO VIII $1OO,OOO,OOO to $25O,OOO,OOO IX $25O,OOO,OOO to $5OO,OOO,OOO X $5OO,OOO,OOO to $75O,OOO,OOO XI $75O,OOO,OOO to $1,OOO,OOO,OOO XII $1,OOO,OOO,OOO to $1,25O,OOO,OOO XIII $1,25O,OOO,OOO to $1,5OO,OOO,OOO XIV $1,5OO,OOO,OOO to $2,OOO,OOO,OOO XV $2,OOO,OOO,OOO to or more Note: At your option, you may wish to consult with other available rating services. Arthur J. Gallagher & Co. uses A.M. Best & Co.'s rating services to evaluate the financial condition of insurers whose policies we propose to deliver. The rating of the carrier and the year of publication of that rating are indicated. Arthur J. Gallagher & Co. makes no representations and warranties concerning the solvency of any carrier, nor does it make any representation or warranty concerning the rating of the carrier that may change. M:\CIiiencdoatWeld CounMWC 02()MC Vroposal.doc Public Entity and Silica c Divisi� Page 8 N0V-20-02 • 04:40PM FROM-AJGC0-DENVER 3037739776 T-481 P.012/016 F-766 WELD COUNTY, IL:OLORADO - • IMPORTANT.DISCLOSURES MACli.ncdodWeIE CoumyAWC 02 EXWC Proposal.0oc Public Entity and Scholastk Divif sioo Page 9 N0V-20-02 • 04:41PM FROM-AJGC0-DENVER 3037739776 T-481 P.013/016 F-766 WELD COuNTY, <:OLORADO IMPORTANT DISCLOSURES The proposal is an outline of the coverages proposed by the insurers, based on the information provided by your company. It does not include all the terms, coverages, exclusions, limitations, or conditions of the actual contract language. The policies themselves must be read for those details. Policy forms for your reference will be made available upon request. In addition to the fees and/or commissions retained by Arthur J. Gallagher & Co., it is understood and agreed that other parties, such as excess and surplus lines brokers, wholesalers, reinsurance intermediaries, underwriting managers, and similar parties, some of which may be owned in whole or in part by Arthur J. Gallagher & Co.'s corporate parent, may earn and retain usual and customary commissions and/or fees in the course of providing insurance products. Any such fees and/or commissions will be the responsibility of client and not Arthur J. Gallagher & Co. The information contained in this proposal is based on the historical loss experience and exposures provided to Arthur J. Gallagher & Co. This proposal is not an actuarial study. Should you wish to have this proposal reviewed by an independent actuary, we will be pleased to provide you with a listing of actuaries for your use. Gallagher from time to time enters into arrangements with certain insurance carriers or those carriers' reinsurers providing for compensation, in addition to commissions, to be paid by such carriers or reinsurers to Gallagher or its affiliates based on, among other things, the volume of premium and/or underwriting profitability of the insurance coverages written through Gallagher by such carriers or reinsurers. In addition, Gallagher and its affiliates provide management and other services to, and receive compensation for those services from; certain reinsurers that reinsure insurance coverages written through Gallagher by other insurance carriers. The insurance coverages your purchase through Gallagher might be issued by an insurance carrier or reinsured by a reinsurer that has such a relationship with Gallagher or its affiliates. M:CIienWoc\Weld CounMwc 02 EXWC Propos:040c Public Entity and Scholastic Division Page 10 N0V-20-02{.04:41PM/n FROM-AJGC0-DENVER O- 3037739776 1-481 P.014/016 F-766 WELD cOYH I ;-c0LoRADO CHANGES AND DEVELOPMENTS It is important that we be advised of any changes in your operations that 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: 1. Changes in any operation such as expansion to another state, new products. 2. Mergers and/or acquisition of new companies. 3. Any newly assumed contractual liability, granting of indemnities, or hold harmless agreements. 4. Circumstances which may require an increased liability insurance limits. 5. 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 same. 6. Immediate advice of any changes to scheduled equipment such as contractors' equipment, electronic data processing, etc. 7. Property, of yours that is in transit, unless we have previously arranged for the insurance. 8. Any changes in existing premises including vacancy,whether temporary or permanent, alterations, demolition, etc. Also, any new premises either purchased, constructed, or occupied. Your insurance program will only be as good as the communications maintained between you and your insurance broker. NI-Clientt EacWeld CountyiWC 02 IXWC Proposal.doc Public Entity and Scholastic f)ivWon Page 11 NOV-20-02 . 04:41Pµ FROM-AJGCO-DENVER 3037739776 T-481 P.015/016 F-766 WELD COUNTY,4.:OLORADO • CONFIDENTIALITY STATEMENT We consider as confidential any information presented by Arthur J. Gallagher & Co. in our proposal, as well as subsequent verbal and written communications between our organizations, to be confidential. We ask that other brokers not have access to our material and that information presented in this proposal be shared only with those who have a need to know within your company. We make our commitment to you that information already received from you, and additional to follow, will be treated with the same high level of respect and confidentiality. ATTENTION This proposal of coverage is intended to facilitate your understanding of the insurance program we have arranged on your behalf. It is not intended to replace or supersede your insurance policies. MKlknuloc1Weld CounryAWC 02 EXWC Proposal.doc Public Entity and stholic Divl_ si� Page 12 N0V-20-02 04:42PM FROM-AJGC0-DENVER 3037739776 T-481 P.016/016 F-766 WELD COUNTY,0c:OLORADO CLIENT AUTHORIZATION TO BIND COVERAGE After careful consideration of your proposal dated November 19, 2002, we accept your insurance program subject to the following exceptions/changes: EXCEPTIONS It is understood this proposal provides only a summary of the details; the policies will contain the actual coverages. We confirm the values, schedules, and other data contained in the proposal are from our records and acknowledge it is our responsibility to see that they are maintained accurately. Please provide us with a binder(s) and invoice(s) for the coverages agreed upon at your earliest convenience. Ja Agent Signature lient Signature //2.0/0 Dated Dated M Clem.doc\weld CooaC 02 ExwC P.oposaldoc Public Entity and Scholastic Divlstnrt� ._..��.i� Page 13 P. 01 * TRANSACTION REPORT NOV-20-2002 WED 05:00 PM FOR: WELD CO GOVT 9703520242 * DATE START RECEIVER TX TIME PAGES TYPE NOTE M# DP * NOV-20 04:59 PM 913037739776 37" 2 SEND OK 139 x TOTAL : 37S PAGES: 2 0 �1 DEPARTMENT OF FIN.\NICE AND ADMINISTRATION PHONE (303)356-4000, EXT.4218 FAX: (303)352-0242 915 10TH STREET P.O. BOX 758 GREELEY, COLORADO 80632 COLORADO November 20, 2002 FAX TO: Ty Pixler, AJ Gallagher & Co. FAX:303-773-9776 PHONE: 720-528-3609 THIS FAX INCLUDES TWO (2) PAGES COUNTING THIS Hello