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19-119 Santa Clara County Library Joint Powers Authority, Temporary Use Agreement and License CSAC EXCESS INSURANCE AUTHORITY (CSAC EIA) GENERAL LIABILITY 1 PROGRAM (GL1) PROPOSAL NOTE: THIS PROPOSAL IS FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT AMEND, EXTEND OR ALTER THE POLICY FORM IN ANY WAY. PLEASE REFER TO THE POLICY FORM FOR COMPLETE COVERAGE AND EXCLUSION INFORMATION Alliant Insurance Services, Inc.  1301 Dove Street  Suite 200  Newport Beach, CA 92660 PHONE (949) 756-0271  www.alliant.com  License No. 0C36861 Page 1 of 5 ENTITY Santa Clara County Library Joint Powers Authority COVERAGE TERM July 13, 2019 to July 1, 2020 COMPANIES AFFORDING COVERAGE CSAC Excess Insurance Authority (CSAC EIA) with reinsurance provided by (see attached Schedule of Insurers) COVERAGE PROVIDED Per the CSAC Excess Insurance Authority (CSAC EIA) Excess Liability 1 Program Memorandum of Coverage. Coverage includes:  Bodily Injury  Personal Injury  Property Damage  Public Officials Errors and Omissions  Automobile Liability  Contractual Liability  Employment Practices Liability  Non-Owned Aircraft Liability  Claims reporting and handling by approved Third Party Administrator LIMIT(S) Deductible Buy-down Layer $100,000 Per occurrence, offense or wrongful act inclusive of the $10,000 deductible Pooled Layer $ 5,000,000 per occurrence, offense or wrongful act (difference between $5,000,000 and the Covered Party’s SIR) Reinsured Layer $20,000,000 per occurrence or wrongful act excess of $5,000,000 pooled retention As Respects all Layers  Annual aggregate to apply to each layer for completed operations  Occurrence and aggregate limits apply separately by layer per member DEDUCTIBLE $ 10,000 Per occurrence, offense or wrongful act Member to fund deductible in advance as agreed between CSAC EIA and Member CSAC EXCESS INSURANCE AUTHORITY (CSAC EIA) GENERAL LIABILITY 1 PROGRAM (GL1) PROPOSAL NOTE: THIS PROPOSAL IS FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT AMEND, EXTEND OR ALTER THE POLICY FORM IN ANY WAY. PLEASE REFER TO THE POLICY FORM FOR COMPLETE COVERAGE AND EXCLUSION INFORMATION Alliant Insurance Services, Inc.  1301 Dove Street  Suite 200  Newport Beach, CA 92660 PHONE (949) 756-0271  www.alliant.com  License No. 0C36861 Page 2 of 5 MAJOR EXCLUSIONS (Including but not limited to)  Airports/Aircraft  Health Care Professional Liability (limited)  Inverse Condemnation/Eminent Domain  Failure to Supply  Subsidence (unless endorsed)  Nuclear Material  Pollution  Dam Failure (unless endorsed)  Asbestos  Fixed Route Transit (unless endorsed)  Punitive Damages  Fiduciary Liability  ERISA  Care Custody and Control  Benefits payable under an employee benefit plan  Non-monetary damages  Breach of Contract  Unlawful Discrimination intentionally committed by, at the direction of, or with the consent of the Covered Party  Violation of Economic or Trade Sanctions  Strip Search (limited)  Violation of Communication or Information Law  Charter Schools (unless endorsed)  Auxiliary Organizations (unless endorsed)  Any Wrongful Incarceration claim where the arrest and conviction occurred while the member was not a participant in the program Following exclusions apply to the Deductible Buy-down Layer only:  War  Confiscation or nationalization or requisition or destruction of or damage to property by or under the order of any government or public or local authority  Fungi or Bacteria ESTIMATED ANNUAL PAYROLL N/A ANNUAL PREMIUM $ 7,410 Deductible Buy-Down Reinsurance Premium 17,497 Pool Premium 400 Reinsurance Premium 100 Deductible Fund Deposit 1,975 EIA Administration Fee 0 Alliant Broker Fee $ 27,382 Total Estimated Annual Premium CSAC EXCESS INSURANCE AUTHORITY (CSAC EIA) GENERAL LIABILITY 1 PROGRAM (GL1) PROPOSAL NOTE: THIS PROPOSAL IS FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT AMEND, EXTEND OR ALTER THE POLICY FORM IN ANY WAY. PLEASE REFER TO THE POLICY FORM FOR COMPLETE COVERAGE AND EXCLUSION INFORMATION Alliant Insurance Services, Inc.  1301 Dove Street  Suite 200  Newport Beach, CA 92660 PHONE (949) 756-0271  www.alliant.com  License No. 0C36861 Page 3 of 5 ANNUAL PREMIUM continued  Premium is not final and subject to change  Premium does not include a $1,000 annual Risk Management subsidy  Premium includes a $2,000 actuarial subsidy  Premium includes cost for Third Party Administrator  Premium includes cost for claim audit requirement (audit to include access to all files handled by Third Party Administrator) PRO-RATED PREMIUM $ 7,165 Deductible Buy-Down Reinsurance Premium 16,919 Pool Premium 387 Reinsurance Premium 97 Deductible Fund Deposit 1,910 EIA Administration Fee 0 Alliant Broker Fee $ 26,478 Total Estimated Annual Premium  Premium is not final and subject to change  Premium does not include a $1,000 annual Risk Management subsidy  Premium includes a $2,000 actuarial subsidy  Premium includes cost for Third Party Administrator  Premium includes cost for claim audit requirement (audit to include access to all files handled by Third Party Administrator) CONDITIONS  Subject to reinsurance carriers approvals  Receipt of executed Board Resolution to join CSAC EIA and Designated Representative prior to binding  Receipt of the executed Joint Powers Agreement (JPA) prior to binding  Receipt of the executed General Liability 1 Memorandum of Understanding prior to binding  Receipt of completed and signed Authorization to Obtain Loss Data form  Subject to contract with program Third Party Administrator (Carl Warren, George Hills or York) BROKER ALLIANT INSURANCE SERVICES, INC. Gordon DesCombes, Executive Vice President Nazie Arshi, Senior Vice President Tom E. Corbett, Senior Vice President Kevin Bibler, Senior Vice President Rhiannon Cabral, CSAC EIA Program Specialist Lead Danny Rettura, CSAC EIA Assistant Program Specialist PROPOSAL DATE July 12, 2019 CSAC EXCESS INSURANCE AUTHORITY (CSAC EIA) GENERAL LIABILITY 1 PROGRAM (GL1) PROPOSAL NOTE: THIS PROPOSAL IS FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT AMEND, EXTEND OR ALTER THE POLICY FORM IN ANY WAY. PLEASE REFER TO THE POLICY FORM FOR COMPLETE COVERAGE AND EXCLUSION INFORMATION Alliant Insurance Services, Inc.  1301 Dove Street  Suite 200  Newport Beach, CA 92660 PHONE (949) 756-0271  www.alliant.com  License No. 0C36861 Page 4 of 5 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. CSAC EXCESS INSURANCE AUTHORITY (CSAC EIA) GENERAL LIABILITY 1 PROGRAM (GL1) PROPOSAL 2019/2020 Schedule of Insurers NOTE: THIS PROPOSAL IS FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT AMEND, EXTEND OR ALTER THE POLICY FORM IN ANY WAY. PLEASE REFER TO THE POLICY FORM FOR COMPLETE COVERAGE AND EXCLUSION INFORMATION Alliant Insurance Services, Inc.  1301 Dove Street  Suite 200  Newport Beach, CA 92660 PHONE (949) 756-0271  www.alliant.com  License No. 0C36861 Page 5 of 5 Companies Affording Coverage California Status A.M. Best’s Guide Rating Standard & Poor’s Rating Berkley Insurance Company Not Applicable A+ (Superior); Financial Size Category XV ($2 Billion or greater) A+ (Stable) CSAC Excess Insurance Authority (Pool Layer) Not Applicable Not Applicable Not Applicable Great American Insurance Company (Layer 1) Not Applicable A+ (Superior); Financial Size Category XIV ($1,500,000,000 to $2,000,000,000) Not Applicable Markel Global Reinsurance Company and Lloyd’s (AmTrust Syndicate) (75%/25% Quota Share) (Layer 2) Not Applicable Not Applicable A (Excellent); Financial Size Category XIV ($1,500,000 to 2,000,000,000) A (Excellent); Financial Size Category XV($2,000,000,000 or greater) Not Applicable Not Applicable Everest Reinsurance Company (Layer 3) Not Applicable A+ (Superior) Financial Size Category XV ($2,000,000,000 or greater) A+ (Stable) Scion (Brit Syndicate) and Lloyd’s (AmTrust Syndicate) (50%/50% Quota Share) (Layer 4) Not Applicable A (Excellent); Financial Size Category XV ($2,000,000,000 or greater) A (Excellent); Financial Size Category XV ($2,000,000,000 or greater) Not Applicable Not Applicable *Limits do not drop down in the event of erosion of Completed Operations annual aggregate