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RENEWABLE ENERGY, INC.
2016 – 2017 INSURANCE PROPOSAL
APRIL 1, 2016
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RENEWABLE ENERGY, INC.
2016 – 2017 EXPOSURE DATA:
Category Current Exposures
Property
Business Personal Property $246,426
Total Insurable Values $246,426
Casualty
Revenue $5,529,000
Total Revenue $5,529,000
Workers' Compensation
Payroll $1,040,000
Auto
Number of Autos 4
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RENEWABLE ENERGY, INC.
2016 – 2016 PREMIUM SUMMARY:
LINE OF COVERAGE CARRIER PREMIUM
PROPERTY BERKLEY $11,899.00 GENERAL LIABILITY BERKLEY $32,678.00 AUTO LIABILITY BERKLEY $2,230.00 WORKERS COMPENSATION BERKLEY $62,909.00 UMBRELLA BERKLEY $4,526.00 PROFESSIONAL LIABILITY PHILADELPHIA $8,230.00
DIRECTORS & OFFICERS PHILADELPHIA $6,783.00
TOTAL $129,255.00
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RENEWABLE ENERGY, INC.
2016 – 2017 PROPERTY RECCOMENDATIONS:
INSURER BERKLEY
BLANKET BUSINESS PERSONAL PROPERTY LIMIT $246,426
BUSINESS INCOME & EXTRA EXPENSE 12 MONTHS ACTUAL LOSS SUSTAINED
TOTAL INSURABLE VALUE (TIV) $246,426
DEDUCTIBLE ANALYSIS
PROPERTY DEDUCTIBLE $1,000
WIND/HAIL DEDUCTIBLE N/A
RATES
RATE PER $100 OF TIV $0.94
TOTAL PREMIUM: $2,310.00
COVERAGE ENHANCEMENTS BLANKETED BUSINESS PERSONAL PROPERTY
ADDED BUSINESS INCOME AND EXTRA EXPENSE
LOCATION SCHEDULE 123 MAIN STREET, ANYWHERE, CA 94123
321 SIMPLE STREET, EVERYWHERE, NV 87123
SEE POLICY FOR A COMPLETE LIST OF TERMS, CONDITIONS, ENDORSEMENTS AND EXCLUSIONS
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RENEWABLE ENERGY, INC.
2016 -2017 GENERAL LIABILITY RECCOMENDATIONS:
INSURER BERKLEY
PER OCCURRENCE LIMIT $1,000,000 AGGREGATE LIMIT $2,000,000 PRODUCTS/COMPLETED OPERATIONS $2,000,000 PERSONAL/ADVERTISING INJURY $1,000,000 FIRE LEGAL LIABILITY $1,000,000 MEDICAL PAYMENTS $10,000
EMPLOYEE BENEFITS LIABILITY
PER OCCURRENCE LIMIT $1,000,000 AGGREGATE LIMIT $2,000,000 EBL RETENTION $1,000 ESTIMATED REVENUES $5,529,000 RATE PER $1,000 OF REVENUE $0.16
TOTAL PREMIUM $32,678.00
COVERAGE ENHANCEMENT OPTIONS: INCREASED FIRE LEGAL LIABILITY TO $1.0 MILLION
SEE POLICY FOR A COMPLETE LIST OF TERMS, CONDITIONS, ENDORSEMENTS AND EXCLUSIONS
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RENEWABLE ENERGY, INC.
2016 – 2017 AUTO LIABILITY RECCOMENDATIONS
INSURER BERKLEY
LIABILITY LIMIT $1,000,000 UNINSURED MOTORISTS $1,000,000 MEDICAL PAYMENTS $5,000 OWNED & HIRED PHYSICAL DAMAGE ACTUAL CASH VALUE (ACV) HIRED COMPREHENSIVE DEDUCTIBLE $100 HIRED COLLISION DEDUCTIBLE $250
OWNED COMPREHENSIVE DEDUCTIBLE $1,000 OWNED COLLISION DEDUCTIBLE $1,000 NUMBER OF VEHICLES 4 RATE PER VEHICLE $557.50
TOTAL PREMIUM $2,230
SUBECTIVITY: MVR APPROVAL – PENDING
OWNED AUTOS
2010 FORD F150
2011 FORD F250
2009 TOY PRIUS
1998 FORD E30
SEE POLICY FOR A COMPLETE LIST OF TERMS, CONDITIONS, ENDORSEMENTS AND EXCLUSIONS
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RENEWABLE ENERGY, INC.
2016 – 2017 WORKERS COMPENSATION RECCOMENDATIONS
WORKERS COMPENSATION BENEFIT – STATUTORY
EMPLOYER’S LIABILITY SECTION
INSURER BERKLEY
BODILY INJURY BY ACCIDENT EACH ACCIDENT $1,000,000 BODILY INJURY BY DISEASE EACH EMPLOYEE $1,000,000 BODILY INJURY BY DISEASE POLICY LIMIT $1,000,000
PAYROLL CODE 9908 – WIND TURBINE CONTRACTORS $1,040,000 EXPERIENCE MOD FACTOR NA NOT DEVELOPED YET, TOO NEW AUDITABLE YES RATE PER 100 OF PAYROLL $6.04
TOTAL PREMIUM $62,909
SEE POLICY FOR A COMPLETE LIST OF TERMS, CONDITIONS, ENDORSEMENTS AND EXCLUSIONS
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RENEWABLE ENERGY, INC.
2016 – 2017 UMBRELLA LIABILITY: RECCOMENDATIONS
INSURER BERKLEY
EACH OCCURRENCE $2,000,000 AGGREGATE LIMIT $2,000,000 RETENTION $10,000 TOTAL PREMIUM $4,526.00
LIMIT OPTIONS
$1.0 MILLION LIMIT $3,526.00 $3.0 MILLION LIMIT $5,526.00 $4.0 MILLION LIMIT $6,526.00 $5.0 MILLION LIMIT $7,526.00
SEE POLICY FOR A COMPLETE LIST OF TERMS, CONDITIONS, ENDORSEMENTS AND EXCLUSIONS
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RENEWABLE ENERGY, INC.
2016 – 2017 PROFESSIONAL LIABILITY: RECCOMENDATIONS
INSURER PHILADELPHIA
AGGREGATE LIMIT $3,000,000 PER CLAIM $1,000,000 SUBLIMIT: SEXUAL MISCONDUCT PER CLAIM $250,000 SUBLIMIT: SEXUAL MISCONDUCT AGGREGATE $500,000 RETENTION $2,500
RETROACTIVE DATE INCEPTION TOTAL PREMIUM $8,257
NOTABLE TERMS AND CONDITIONS: FULL INSURED CONSENT TO SETTLE CLAIM
DEFENSE COSTS/CLAIMS EXPENSE ARE OUTSIDE THE LIMITS
SEPARATE TOWER OF INSRUANCE FOR SEXUAL MISCONDUCT
SUBECTIVITES: UPDATED 2016 COMPLETED APPLICATION WITH SIGNATURE
COMPLETED CA SURPLUS LINES FORMS
MARKETING RESULTS: SCOTTSDALE – QUOTED $11,537 PREMIUM
GENERAL STAR – NO RESPONSE, MINIMUM PREMIUM $10K
JAMES RIVER – QUOTED $18,323 PREMIUM
NAVIGATORS – QUOTED $21,323 PREMIUM
MT. HAWLEY – MINUMUM PREMIUM $10K
SEE POLICY FOR A COMPLETE LIST OF TERMS, CONDITIONS, ENDORSEMENTS AND EXCLUSIONS
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RENEWABLE ENERGY, INC.
OPTION 1 OPTION 2 OPTION 3 OPTION 4
PHILADELPHIA PHILADELPHIA PHILADELPHIA PHILADELPHIA
2016 – 2017 DIRECTORS & OFFICERS: RECCOMENDATIONS
INSURER
D&O LIABILITY
$1,000,000
$1,000,000
$2,000,000
$2,000,000
D&O DEDUCTIBLE PENDING & PRIOR LITIGATION DATE
$15,000
INCEPTION
$25,000
INCEPTION
$15,000
INCEPTION
$25,000
INCEPTION
PREMIUM
TAX & FEES NA NA NA NA
PREMIUM $9,214 $6,782 $15,323 $12,244
SUBJECTIVITIES: FINAL PURCHASE AND SALE AGREEMENT
FINAL PRO FORMA FIGURES
MARKETING RESULTS: TRAVELERS - DECLINED DUE TO NEW OWNERSHIP
CHUBB – DECLINED DUE TO CA EXPOSURE
NAVIGATORS – PENDING
SCOTTSDALE – PENDING
SEE POLICY FOR A COMPLETE LIST OF TERMS, CONDITIONS, ENDORSEMENTS AND EXCLUSIONS
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RENEWABLE ENERGY, INC.
IMPORTANT POLICY & PAYMENT TERMS
LINE OF COVERAGE
INSURANCE COMPANY
ADMITTED/NON- ADMITTED
MINIMUM EARNED PREMIUM
PAYMENT TERMS
FIRST PAYMENT DUE DATE
OPTIONAL TRIA* PREMIUM
PROPERTY BERKLEY NON-ADMITTED 25% FULL PAY 30 DAYS N/A GENERAL LIAB BERKLEY NON-ADMITTED 25% FULL PAY 30 DAYS N/A AUTO LIAB BERKLEY NON-ADMITTED 25% FULL PAY 30 DAYS N/A UMBRELLA BERKLEY NON-ADMITTED 25% FULL PAY 30 DAYS N/A PROFESSIONAL PHLY ADMITTED NONE INSTALLMENTS 30 DAYS N/A D&O PHLY ADMITTED NONE INSTALLMENTS 30 DAYS N/A
*Terrorism Risk Insurance Act (TRIA)
Effective November 26, 2002, the U.S. federal government created a backstop for insurance for losses
arising out of certain acts of terrorism. Terrorism is defined as any act certified by the Secretary of
the Treasury, in concurrence with the Secretary of State and the Attorney General of the United
States, to be an act of terrorism. An act of Terrorism is further defined as:
• A violent act or an act that is dangerous to human life, property or infrastructure.
• An event that results in damage within the United States, or outside the United States in the case of a United
States registered air carrier or vessel, or the premises of a United States Mission.
• An act committed by an individual or individuals acting on behalf of any foreign person or
foreign interest, as part of an effort to coerce the civilian population of the United States or to
influence the policy or affect the conduct of the United States Government by coercion.
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RENEWABLE ENERGY, INC.
INSURANCE COMPANY FINANCIAL RATINGS
The following rating of the insurance companies presented were obtained from A. M. Best. We believe the financial
ratings of these companies are acceptable.
INSURANCE COMPANY A.M. BEST RATING OUTLOOK
BERKLEY A XV STA PHILADELPHIA A+ XV STA
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RENEWABLE ENERGY, INC.
SERVICE TEAM
PROFESSIONAL DESIGNATIONS RESPONSIBILITIES CONTACT INFORMATION
MICHAEL COSGRAVE (CIC), Certified Insurance Counselors. (CRM), Certified Risk Manager
RISK MANAGER, COVERAGE
PH: 650.740.4247 [email protected]
FELIX GANZ (CRIS), Construction & Risk Insurance Specialist. (CRM), (CIC) (RWCS), Registered Workers’ Comp Specialist
RISK MANAGER, COVERAGE, SR. UNDERWRITER
PH: 908.528.4643 [email protected]
JIN DERINGER (CISR), Certified Insurance Services Representative
CUSTOMER SERVICE PH: 800.223.5433 x329 [email protected]
ADINA ZEIGLER (RPLU), Registered Professional Lines Underwriter
PROFESSIONAL LIABILITY
PH: 800.223.5433 x518 [email protected]
CERTIFICATES [email protected]
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