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<br /> COVERAGES PREMIUMS PREMIUMS
<br /> 2014-15 2015-16
<br /> Property $ 24,995 $ 24,207
<br /> Mobile Property $ 4,124 $ 4,420
<br /> Equipment Breakdown j $ 61,741 $ 62,428
<br /> Crime ( Included ! Included `
<br /> Faithful Performance Bond $ 328 j $ 367
<br /> Municipal Liability $ 49,442 $ 42,045
<br /> Automobile Liability&Physical Damage $ 6,929 $ 7,039
<br /> Open Meeting Law # Included Included
<br /> Petro-fund j Included Included
<br /> Fireworks r Not Covered j Not Covered
<br /> r No Fault Sewer Back Up Not Covered Not Covered
<br /> TOTAL PROPERTY/CASUALTY PACKAGE $ 147,559 $ 140,506
<br /> Liquor Liability Not Covered Not Covered
<br /> �-
<br /> Excess Liabili __ �_....
<br /> ty r Not Covered Not Covered
<br /> TOTAL P/C PREMIUM $ 147,559 $ 140,506
<br /> Workers'Compensation-Deposit Premium j $53,523 TBD
<br /> City Volunteer Accident Plan Not Covered j Not Covered
<br /> rTOTAL PREMIUM $ 201,082 j— — TBD
<br /> Note:
<br /> 1. The City Hall/Utilities office building and contents for both entitles is not
<br /> included in the Property premium because this is in the City's coverage
<br /> for$3,636 building plus$968 contents premium. The Utilities portion of
<br /> the premium is: Building$1,004(27.6% or 12,488 sq. ft.)plus contents$211
<br /> ($389,557 coverage @ 0.05423/$100 coverage).
<br /> 2. The Municipal Liability premium decreased about 15%. The decrease is
<br /> due to both a decrease in rates and an improvement in the Utility's
<br /> liability claims experience modification from a .910 to a.880 (12% credit).
<br /> 3. The Automobile premium increased slightly because there are 47 vehicles,
<br /> versus 46 vehicles on last year's renewal.
<br /> 50
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