HomeMy WebLinkAboutFIN 25-18Cl
DICKERING
Report to
Council
Report Number: FIN 25-18
Date: December 10, 2018
From: Stan Karwowski
Director, Finance & Treasurer
Subject: Insurance Renewal — January 1, 2019 to December 31, 2019
Recommendation:
1. That the City of Pickering renew its liability, property and other insurance policies through
Jardine Lloyd Thompson Canada Inc. (JLT) for the period January 1, 2019 to December 31,
2019 in the amount of $558,615 (plus applicable taxes) and inclusive of terms and conditions
acceptable to the Director, Finance & Treasurer;
2. That the Director, Finance & Treasurer be authorized to purchase additional insurance,
make changes to deductibles and existing coverages, and alter terms and conditions as
becomes desirable or necessary to limit potential liability exposure and to protect the assets
of the City and its elected officials and staff;
That L.V. Walker & Associates be confirmed as the City's Adjuster of Record for property,
liability and other insurance and related matters;
4. That the Director, Finance & Treasurer be authorized to settle any claims including
employing resources to investigate and defend claims, adjusting and legal fees, where it is in
the City's best interest to do so;
That the Treasurer be authorized to extend the City's insurance contract for its liability,
property and other insurance policies for three further one-year terms (2020 to 2022)
provided that it is in the best interests of the City and the premium for the liability coverage
does not exceed the rate of inflation; and
That the appropriate City of Pickering officials be authorized to take the necessary actions as
indicated in this report.
Executive Summary: The City's insurance program continues to operate successfully and
the above recommendations provide for a renewal of the policies essentially on the same or
improved terms and conditions as in past years, with coverage that includes the Library, its Board
and its employees.
FIN 25-18 December 10, 2018
Subject: Insurance Renewal — January 1, 2019 to December 31, 2019 Page 2
In general, insurance premiums in the municipal insurance, market have historically reflected an
upward direction in costs. In 2013, the City's insurance premium peaked at $771,448 (plus
applicable taxes). From 2013 to 2018, the City's insurance premiums have steadily fallen due to
successful City risk management practices and favorable claims experience. These significantly
lower premiums have resulted in a total savings of $980,000 to the City over the 2013 premium
peak.
In 2018, the global insurance market hardened due to a series of weather related catastrophic
events in 2017. In a hard market, premiums are relatively high, fewer insurers are competing to
write policies and insurers are less inclined to negotiate premium reductions. However, JLT is
holding the line on the City's insurance premium for 2019 (excluding coverage changes) and is not
increasing the premium due to the City's favourable claims experience and its risk management
practices to reduce the likelihood of claims.
Financial Implications: For the 2019 renewal, finance staff successfully negotiated the
premium at the 2018 level, by stressing the benefits of the existing relationship between the City
and JLT (loyalty discount). The insurance premium for 2019 is $558,615 (plus applicable taxes)
and is the same amount as last year's insurance premium (excluding coverage changes). The
2019 insurance renewal premium will be provided for in the City's 2019 current budget to be
approved by Council.
Discussion: The City provides a wide variety of public services and programs to its residents
including but not limited to fire, roads and sidewalks maintenance, parks, recreation and cultural
services, storm water management, planning services, building services and animal services. The
City's capital assets have an insured value of $209 million.
The City is exposed to many potential risks and claims through the provision of services to the
public and by allowing public access to its facilities and infrastructure. As these claims may be
significant, the City maintains financial stability with a combination of risk management practices
and insurance coverage.
The City's current insurance provider was obtained through a competitive Request for Proposal
process in 2013. The successful proponent was Jardine Lloyd Thompson (JLT), which was the
highest ranked and lowest priced proponent. Council approved the award of the City's insurance
program to JLT for a period of one year (January 1, 2014 to December 31, 2014) with an option in
favor of the City to renew its insurance contract on the same terms and conditions for four
consecutive one year renewal terms (2015 - 2018), each subject to Council approval.
Subsequently in 2018, Council approved the renewal of the City's insurance coverage through
JLT for a period of one year with an option to extend the coverage on the same terms and
conditions for two further one year renewal terms (2019 - 2020) subject to Council approval.
FIN 25-18 December 10, 2018
Subject: Insurance Renewal — January 1, 2019 to December 31, 2019 Page 3
Current Coverage
The City's current insurance coverage is very broad and includes:
- General Municipal Liability
- Cyber Liability
- Property and Equipment Breakdown
- Automobile Fleet
- Non -Owned Automobile
- Errors and Omissions
- Environmental Liability
- Comprehensive Crime
- Councillors' and Board Members' Accident
- Conflict of Interest
- Garage Automobile
The City's current insurance coverage has a general liability limit of $50 million and a deductible of
$100,000. The City's auto coverage has a liability limit of $5 million and a $10,000 deductible. With
respect to auto accidents in which the City is not at fault, there is no deductible. The City's
property coverage has a $25,000 deductible.
2019 Insurance Premiums
Changes to the total cost of insurance can be split into three categories: experience, asset and
coverage changes.
1) Premium changes are typically based on the City's claims experience and municipal insurance
market changes.
2) Asset changes are due to adding or removing assets to/from the policy, such as buildings,
automobiles and equipment, and changes in asset value due to inflation.
3) Coverage changes occur when the City adds or removes coverages, changes coverage limits
and/or changes deductible limits.
The new Operations Centre is an example of a new asset that will be added to the City's portfolio
of insured property inventory once its construction is completed next year. The new Operations
Centre is expected to be completed in the fall of 2019 and will result in a small increase in the
City's property insurance premium for 2019.
FIN 25-18 December 10, 2018
Subject: Insurance Renewal — January 1, 2019 to December 31, 2019 Page 4
City Insurance Costs (Before Applicable Taxes)
2013-2019
$800,000 $771,448
$750,000
$700,000
$650,000
$600,000
$550,000
$500,000
$642,553 $639,415
$643,632
$558,615
$558,615
2013 2014 2015 2016 2017 2018 2019
As the above chart illustrates, the City's proposed 2019 insurance premium is Tess than the City's
insurance costs in 2013. The significantly lower premiums translates into a total savings of
$980,000 over the 2013 premium peak. To facilitate an "apples to apples" cost comparison
between 2013 and 2019, the $558,615 premium adjusted to 2013 dollars would be $486,000.
In addition, the value of the City's insured capital assets have increased from $184 million in 2013
to $209 million in 2018. Although the value of these insurable assets increased by 13.6 per cent
during this period, the City's annual insurance costs have decreased by 20 per cent since the
2013 premium peak. This is mainly attributable to the City's favorable claims experience and its
risk management practices to reduce the likelihood of claims.
Due to a series of weather related catastrophic events in 2017, global insurers are preparing for
catastrophic loss payments which has translated into a hardening of the insurance market in 2018.
In a hard market, premiums are relatively high, fewer insurers are competing to write policies and
insurers are less inclined to negotiate premium reductions. However, JLT is holding the line on the
City's insurance premium for 2019 (excluding coverage changes) and is not increasing the
premium due to the City's favourable claims experience as noted above.
City staff believe that the proposed premium for 2019, which is the same amount as last year's
premium (excluding coverage changes), is reasonable and therefore recommend that the City
renew its property, liability and other insurance policies through JLT for the period January 1, 2019
to December 31, 2019 in the amount of $558,615 (plus applicable taxes).
FIN 25-18
December 10, 2018
. Subject: Insurance Renewal — January 1, 2019 to December 31, 2019 Page 5
Attachments:
1. Summary of Coverage, Limits and Deductibles
Prepared By:
James Halsall, CPA, CA
Manager, Budgets & Internal Audit
Approved/Endorsed By:
Stan Karwowski, MBA, CPA, CMA
Director, Finance & Treasurer
Recommended for the consideration
of Pickering City Council
Tony Prevde , ng.
Chief Administrative Officer
Jardine Lloyd Thompson Canada Inc.
ATTACHMENT # 1 TO REPORT# I S v1S -1
4JLT
Public Sector Division
Box 3, Suite 1200, 55 University Avenue, Toronto, ON M5J 2H7
Phone: 416 941 9551 Toll Free: 800 268 9189 Fax: 416 941 9022
MUNICIPAL INSURANCE PROGRAM
PROPOSAL
Corporation of the City of Pickerinq
Date of Issue: October 31, 2018
Prepared by: Andrea Bartels
Direct phone line: 416-644-4826
E-mail address: abartels@jltcanada.com
Page 1 of 20
Jardine Lloyd Thompson Canada Inc.
JLT
IMPORTANT — PLEASE NOTE THE FOLLOWING
This proposal should be read in conjunction with the JLT Canada "Business Protocols" booklet.
DUTY OF DISCLOSURE
In addition to providing all basic information necessary to enable us to place the risk, you must
ensure that you are complying with your legal duty of disclosure of all material matters relating to
the risk. In particular, you must satisfy yourself as to the accuracy and completeness of the
information you provide to insurers. In this respect, you must provide all information relating to the
risk, whether favorable or not, which would influence the judgement of a prudent insurer in
determining whether he will take the risk, and, if so, for what premium and on what terms. If all such
information is not disclosed by you, insurers have the right to void the policy from its inception which
may lead to claims not being paid.
PAYMENT TERMS
Premiums are due and payable on receipt of a JLT invoice. Payment should be made immediately
to avoid any possible cancellation for non-payment of premium.
PERIOD OF VALIDITY OF QUOTE
This offer remains open for acceptance by the Insured until the expiry of the current Municipal
Insurance program policy (ies).
BREACH OF WARRANTY OR SUBJECTIVITY
If any of the terms and conditions contained in this proposal are identified as a "warranty" or as a
subjectivity to binding or continuing cover, you should be aware that if the terms of the warranty as
stated are breached or the subjectivity is not met, insurers may have the right to void the applicable
coverage and deny any resulting or subsequent losses as a result.
UNDERINSURANCE
It is important that all policy limits and amounts insured be reviewed carefully and at least annually
to be certain they are adequate to provide full recovery in event of a loss.
UNDERWRITING / BINDING AUTHORITY
Certain portions of this quotation of cover have been provided by JLT acting in an underwriting
capacity on behalf of the Insurer who, under a binding authority agreement, has given us authority
to quote and confirm insuring terms, conditions and premiums. JLT Canada is not acting as an
insurance broker in this instance and is not providing alternative terms or markets for the cover
other than as quoted. For covers where JLT does not act in an underwriting capacity nor has a
binding authority agreement with the Insurer, coverage cannot be bound with those Insurers unless
a request is made to the Insurer and confirmation of coverage is subsequently received by JLT
Canada from the Insurer.
MATERIAL CHANGES FROM EXPIRING POLICY
You should carefully note any items identified in the "Changes from Expiry" section under each
coverage as they represent material changes in cover from your previous policy.
Page 2 of 20
Jardine Lloyd Thompson Canada Inc.
4 JLT
RISK AND CLAIMS INFORMATION
This proposal has been based on the risk and claims information provided and/or verified by you to
JLT. If any of this information is not correct or has changed in the interim, you must advise us
immediately as the terms quoted may therefore be invalid and cover cannot be bound as quoted.
TAXES PAYABLE BY
INSUREDS:
The following taxes as prescribed by federal and/or local laws and
regulations will apply to all or certain portions of the premiums quoted
and will be charged by JLT in addition to the premiums quoted:
Provincial Sales Tax
Page 3 of 20
Jardine Lloyd Thompson Canada Inc.
$JLT
SUMMARY OF COVERAGE, LIMITS AND DEDUCTIBLES
Name of Insured: Corporation of the City of Pickering
Policy Period: January 1, 2019 to January 1, 2020
12:01 a.m. local time at the mailing address of the Named Insured
CANADIAN COUNCILS LIABILITY
LIMIT OF LIABILITY
EXTENSIONS
OF COVERAGE
General Liability (including Sudden
And Accidental Pollution):
Extension
$ 5,000,000 any one
Occurrence and in the Annual
Aggregate for Products and
Completed Operations during the
Policy Period
Limit
Employers' Liability
$ 5,000,000 any one Claim
Tenant Legal Liability
$ 5,000,000 any one Occurrence
Employee Benefit Liability
$ 5,000,000 any one Claim
Incidental Medical Malpractice
Retro Date: November 15, 1993
$ 5,000,000 any one Claim
Voluntary Medical Payments
$ 50,000 any one Claim and in
the Annual Aggregate during the Policy
Period
Forest Fire Fighting Expense
$ 2,000,000 any one Occurrence
and in the Annual Aggregate during the
Policy Period
Voluntary Payment for Property
Damage
Incidental Garage Operations
$ 50,000 any one Occurrence
and in the Annual Aggregate during the
Policy Period
$ 250,000 any one Occurrence
and in the Annual Aggregate during the
Policy Period
Municipal Marina Legal Liability
Wrongful Dismissal (Legal
Expense)
$ 100,000 any one Pleasure Craft
$ 1,000,000 in the Annual
Aggregate for Legal Liability for
Property Damage during the Policy
Period
$ 500,000 any one Claim
and in the Annual Aggregate during
the Policy Period
Conflict of Interest
Reimbursement Expenses
$ 100,000 any one Claim
Legal Expense Reimbursement
Expenses
$ 100,000 any one Claim
$ 500,000 in the Annual
Aggregate
Page 4 of 20
Jardine Lloyd Thompson Canada Inc.
4 JLT
CANADIAN COUNCILS LIABILITY
DEDUCT(BLE(S)
Non -Owned Automobile (including
Contractual Liability for Hired
Autos)
$ 5,000,000 any one Occurrence
Legal Liability for Damage to
Hired Autos
$ 250,000 any one Occurrence
Wrap-up Liability — Difference in
Conditions and Difference in
Limits
Endorsement
$ 5,000,000 any one Occurrence
Limit
Municipal Errors and Omissions
Liability
Retroactive Date:
Unlimited
$ 5,000,000 any one Claim and in
the Annual Aggregate during the Policy
Period
Environmental Impairment Liability
Retroactive Date:
Unlimited
$ 2,500,000 any one Claim and
$ 5,000,000 in the Annual
Aggregate during the Policy Period
Abuse / Molestation Liability
Retroactive Date:
January 1, 2014
$ 250,000 any one Claim and
$ 500,000 in the Annual
Aggregate during the Policy Period
Voluntary Compensation
Police Officer Assault
Applicable Coverage
As per Endorsement No. 4 — Schedule
of Benefits
$ 5,000,000 any one Occurrence
Deductible
Public Entity General Liability
$ 100,000 per Occurrence except
per Claimant in respect of Sewer
Backup
Extensions of Coverage
$ 100,000 per Occurrence / per
Claimant for all Extensions of Coverage
except: $NIL with respect to Non -
Owned Automobile Liability, Conflict of
Interest and Legal Expense
Reimbursement, and Voluntary
Compensation;
$ 1,000 with respect to Legal
Liability for Damage to Hired Autos
$ 5,000 with respect to
Wrongful Dismissal (Legal Expense)
$ 5,000 with respect to
Checkroom Liability per Claim
Municipal Errors and Omissions
Liability
$ 100,000 per Claim
Environmental Impairment Liability
$ 100,000 per Claim
Abuse / Molestation Liability
$ 100,000 per Claim
Police Officer Assault
$ 100,000 per Occurrence
Page 5 of 20
Jardine Lloyd Thompson Canada Inc.
JLT
CANADIAN COUNCILS LIABILITY
ENDORSEMENTS
POLICY FORM
3 Year Long Term Agreement
Primary CAD 5,000,000 / CAD 100,000 Deductible
The policy will be renewed annually for a period of three years expiring on 01
January 2020 on the existing terms and conditions with the premiums due in
advance.
01 January 2017 to 01 January 2018
01 January 2018 to 01 January 2019
01 January 2019 to 01 January 2020
However terms and conditions may be reviewed 60 days prior to annual
renewal if any of the following apply:
• Pertinent changes in reinsurance cover
• there is an increase of 15% or more in population numbers
• there are legislative changes that may impact upon the value or
frequency of claims against the policy
• there is a change in the exposure of the insured (as per the business
description) or;
• the value of Incurred Claims exceeds 40% of net premium (excluding
Taxes) for any one Period of Insurance to which this agreement relates.
• there has been significant adverse development on historical loss record
in any of the prior 7 policy years whereby Incurred Claims exceed 50% of
the Net Premium.
The term "Incurred Claims" means the total cost of claims including actual
claim payments (including medical, legal and other costs and expenses) and
reserves set by the Insurers on outstanding claims (also including such costs
and expenses). "Net Premium" means the premium received by the Insurers
net of tax and any commissions or other deductions.
All other terms and conditions remain unaltered.
EK1601219000 (2016) UMR B0901EK1802697000
INSURER(S) AND
PROPORTION OF
PARTICIPATION(S)
Certain Lloyd's Underwriters (Syndicate 1886) — 100%
Terms will remain as indicated subject to no claims deterioration as of
January 1, 2019
Page 6 of 20
Jardine Lloyd Thompson Canada Inc.
AJLT
CANADIAN COUNCILS UMBRELLA LIABILITY
LIMITS OF LIABILITY
$ 45,000,000 any one Occurrence
$ 45,000,000 in the Annual Aggregate in respect of Products & Completed
Operations
$ 45,000,000 in the Annual Aggregate in respect of Municipal Errors and
Omissions Liability
$ 45,000,000 in the Annual Aggregate in respect of Employee Benefits
Liability
EXCESS OF
UNDERLYING
COVERAGE(S) AND
LIMIT(S)
Underlying Coverage
Underlying Limit
General Liability
$ 5,000,000 any one Occurrence
Incidental Medical
Malpractice
$ 5,000,000 any one Claim
Non -Owned Automobile
Liability
$ 5,000,000 any one Occurrence
Municipal Errors &
Omissions Liability
$ 5,000,000 any one Claim
Owned Automobile Liability
$ 5,000,000 any one Occurrence
Garage Automobile Liability
$ 5,000,000 any one Occurrence
Employee Benefits Liability
$ 5,000,000 any one Claim
RETAINED LIMIT
$ Nil
ENDORSEMENTS
Endorsement #1 - Standard Excess Automobile Liability Policy SPF No. 7
Follow Form Named Insured
POLICY FORM
EK1601216000 (2016) UMR B0901EK1802696000
INSURER(S) AND
PROPORTION OF
PARTICIPATION(S)
Certain Lloyd's Underwriters (Syndicate 1886) — 100%
SUBJECT TO `
Terms will remain as indicated subject to no claims deterioration as of
January 1, 2019
Page 7 of 20.
Jardine Lloyd Thompson Canada Inc.
4 JLT
COMBINED PHYSICAL DAMAGE & MACHINERY BREAKDOWN
COVERAGE
EXTENSIONS
OF COVERAGE
EXTENSIONS
OF COVERAGE
CONTINUED
Property Of Every Description — All Risks of Direct Physical Loss or Damage
(Subject to Policy Exclusions)
$208,679,887 Limit of Loss on Blanket Property of Every Description
including Machinery Breakdown
$ 1,659,900 Computer/ Electronic Data Processing
(Included in Blanket Limit)
Business Interruption — Profits (Included in Blanket Limit)
$ 2,584,500
$ 2,773,327
Bridges (Not Included in Blanket Limit)
The Limits shown below are included in the Blanket Limit shown above:
Extension
Valuable Papers
Limit
$ 500,000
Extra Expense
$ 1,000,000
Accounts Receivable
Gross Rentals
Computer Media
$ 500,000
$ 500,000
$ 500,000
Fine Arts (Agreed Value)
$ 25,000
The Limits shown below are in addition to the Blanket Limit shown above:
Extension
Newly Acquired Property
Limit
$ 1,000,000
Buildings in the Course of Construction
$ 1,000,000
Property in Transit
$ 500,000
Unnamed Locations
Expediting Expense
$ 1,000,000
$ 500,000
Contingent Business Interruption
$ 1,000,000
Fire Extinguishing Materials and Fire
Fighting Expense
$ 100,000
Professional Fees
$ 500,000
Hacking Event or Computer Virus attack
— any one Random Attack or Any One
Specific Attack, any one event or total
loss in a policy year for the combined
total Toss or damage
$ 100,000
The Limits shown below are in addition to the Blanket Limit shown above:
Extension
Limit
Master Key
$ 10,000
Land and Water Pollution Clean Up
Expense
$ 100,000
Page 8 of 20
Jardine Lloyd Thompson Canada Inc.
4 JLT
COMBINED PHYSICAL DAMAGE & MACHINERY BREAKDOWN
ENDORSEMENTS
DEDUCTIBLE(S)
POLICY FORM
INSURER(S) AND
PROPORTION OF
PARTICIPATION(S)
Stock Spoilage
$ 100,000
Consequential Damage
$ 100,000
Off Premises Service Interruption
$ 1,000,000
Exhibition Floater
$ 100,000
Ammonia Contamination
$ 500,000
Water Escape
$ 500,000
Hazardous Substance
$ 500,000
Property of Councillors', Board
Members' and Employees'
$ 5,000 any one loss
($25,000 maximum annual policy
limit)
Automobile Replacement Cost Deficiency Endorsement
$ 25,000 each Occurrence for All Losses except:
$ 25,000 each Flood Loss
5% of total loss or $100,000 minimum, whichever is greater, each Earthquake
occurrence.
$ 1,000 each Fine Arts Loss
Municipal Insurance Program - Master Policy (February 1, 2017)
Physical Damage:
Aviva Insurance Company of Canada — 70%
The Sovereign General Insurance Company — 30%
Machinery Breakdown:
Aviva Insurance Company of Canada — 100%
Page 9 of 20
Jardine Lloyd Thompson Canada Inc.
4 JLT
1. Schedule of property including Construction, Occupancy, Protection and
Exposure information for all locations over $1,000,000
2. 911 addresses for all locations including postal codes
3. All cooking facilities are ULC wet chemical compliant with semi-annual
maintenance contract and Class K portable extinguisher.
4. Unless specifically agreed, all heritage properties are covered for
Replacement Cost only. For Heritage Replacement Cost, a professional
appraisal must be provided for approval by the insurer.
5. All locations may be subject to Engineering Inspection.
6. Terms will remain as indicated subject to no claims deterioration as of
January 1, 2019
Page 10 of 20
Jardine Lloyd Thompson Canada Inc.
JLT
COMPREHENSIVE CRIME
$ 1,000,000
$ 200,000
$ 200,000
$ 200,000
$ 1,000,000
$ 200,000
$ 200,000
$Nil per Loss
Employee Dishonesty — Form A
Broad Form Loss of Money (Inside Premises)
Broad Form Loss of Money (Outside Premises)
Money Orders & Counterfeit Paper Currency
Depositors Forgery
Professional Fees / Audit Expenses
Computer Fraud or Funds Transfer Fraud
Master Crime Wording (Apr. 2012)
INSURER(S) AND
PROPORTION OF
PARTICIPATION(S)
Aviva Insurance Company of Canada — 100%
Important:
1. Bank Accounts NOT being reconciled by the same person(s) authorized
to deposit and withdraw funds.
2. All cheque requisitions and issued cheques containing dual signatures. If
the above is not part of your internal Financial controls, please provide
explanation(s).
3. Terms will remain as indicated subject to no claims deterioration as of
January 1, 2019
Page 11 of 20
Jardine Lloyd Thompson Canada Inc.
JLT
AUTOMOBILE INSURANCE
COVERAGE
APPLICABLE
Liability — Bodily, injury,/ Property Damage
Accident Benefits — Basic Benefits
Uninsured Automobile
Direct Compensation —Property Damage
Loss or Damage- All Perils
Notice of Cancellation Ninety (90) Days
Limit: $5,000,000
Deductible: $ Nil
Limit as stated in Policy
Limit as stated in Policy
Limit as stated in Policy
Deductible: $ Nil
Deductible: $ 10,000
OPCF 43R Removing Depreciation Deduction- 24 Months New
OPCF 20 Loss Of Use — Applicable to Light Units
OPCF 21B Blanket Fleet Endorsement — No Annual Adjustment
OPCF 31 Non -Owned Equipment
OPCF 24 Freezing of Fire -Fighting Apparatus
OPCF 44 Family Protection Endorsement:
(Applicable only to Private Passenger Vehicles, Light Commercial Vehicles,
Skidoos and All Terrain Vehicles, and Police Vehicles)
Additional Endorsements:
OPCF 3 Drive Government Automobiles
OPCF 4A Permission to Carry Explosives
OPCF 4B Permission to Carry Radioactive Material
OPCF 5 Permission to Rent or Lease
OPCF 32 Use of Recreational Vehicles by Unlicensed Drivers
Tarmac Exclusion
POLICY FORM
Provincial Statutory Owner's Policy
INSURER(S) AND
PROPORTION OF
PARTICIPATION(S)
Aviva Insurance Company of Canada — 100%
Terms will remain as indicated subject to no claims deterioration as of January 1,
2019
Page 12 of 20
Jardine Lloyd Thompson Canada Inc.
4 JLT
GARAGE AUTOMOBILE (ONTARIO)
LIMITS OF
COVERAGE
Section 1 $5,000,000 Third Party Liability Inclusive Limit
Section 2 Accident Benefits — Included
Section 3 Uninsured Automobile — Included
Section 4 Direct Compensation Property Damage — Included
Section 5 Liability Damage to Customer's Automobile
Collision — Limit any One Automobile $200,000
Deductible: $500
Specified Perils — Limit of Liability - Any One Occurrence
$300,000
Deductible: $500
ENDORSEMENTS
OEF 71 Excluding Owned Automobiles Endorsement
OEF 77 Comprehensive Damage to Customer's Automobiles including
Open Lot Theft
OEF 81 Garage Family Protection Endorsement
POLICY FORM
Provincial Statutory Garage Automobile Policy OAP 4
INSURER(S) AND
PROPORTION OF
PARTICIPATION(S)
Aviva Insurance Company of Canada — 100%
SUBJECT TO
Terms will remain as indicated subject to no claims deterioration as of
effective date January 1, 2019
Page 13 of 20
Jardine Lloyd Thompson Canada Inc.
4 JLT
COUNCIL ACCIDENT COVERAGE
LIMITS OF
COVERAGE
INCLUDED
COVERAGE
POLICY FORM
$ 250,000 Principal Sum
Number of Insured Persons: Six (6) Councillors and One (1) other
24 Hour Coverage
Insurer's Standard Form
INSURER(S) AND
PROPORTION OF
PARTICIPATION(S)
AIG Insurance Company of Canada — 100%
1. $2,500,000 Aggregate Limit of Indemnity Per Accident
2. Terms will remain as indicated subject to no claims deterioration as of
January 1, 2019
MUNICIPAL VOLUNTEERS ACCIDENT COVERAGE
LIMITS OF
COVERAGE
POLICY FORM
INSURER(S) AND
PROPORTION OF
PARTICIPATION(S);
$ 50,000 Principal Sum — Volunteers of the Policyholder While on Duty
Only under the age of 80
Insurers Standard Form
AIG Insurance Company of Canada — 100%
1. $1,000,000 Aggregate Limit of Indemnity Per Accident
2. Terms will remain as indicated subject to no claims deterioration as of
January 1, 2019
Page 14 of 20
Jardine Lloyd Thompson Canada Inc.
4 JLT
MUNICIPAL CYBER LIABILITY
CYBER INCIDENT
RESPONSE
INCIDENT RESPONSE COSTS
Limit of liability: CAD1,000,000 each and every claim
Deductible: CADO each and every claim
LEGAL AND REGULATORY COSTS
Limit of liability: CAD1,000,000 each and every claim
IT SECURITY AND FORENSIC COSTS
Limit of liability: CAD1,000,000 each and every claim
CRISIS COMMUNICATION COSTS
Limit of liability: CAD1,000,000 each and every claim
PRIVACY BREACH MANAGEMENT COSTS
Limit of liability: CAD1,000,000 each and every claim
THIRD PARTY PRIVACY BREACH MANAGEMENT COSTS
Limit of liability: CAD1,000,000 each and every claim
POST BREACH REMEDIATION COSTS
Limit of liability: CAD50,000 subject to a maximum of 10% of all sums paid
as a direct result of the cyber event, each and every claim
FUNDS TRANSFER FRAUD
Limit of liability: CAD250,000 each and every claim
THEFT OF FUNDS HELD IN ESCROW
Limit of liability: CAD250,000 each and every claim
THEFT OF PERSONAL FUNDS
Limit of liability: CAD250,000 each and every claim
EXTORTION
Limit of liability: CAD1,000,000 each and every claim
CORPORATE IDENTITY THEFT
Limit of liability: CAD250,000 each and every claim
TELEPHONE HACKING
Limit of liability: CAD250,000 each and every claim
PHISHING
Limit of liability: CAD50,000 each and every claim
Page 15 of 20
Jardine Lloyd Thompson Canada Inc.
JLT
MUNICIPAL CYBER LIABILITY
SYSTEM DAMAGE
AND BUSINESS
INTERRUPTION
NETWORK
SECURITY &
PRIVACY LIABILITY
MEDIA LIABILITY
SYSTEM DAMAGE AND RECTIFICATION COSTS
Limit of liability: CAD1,000,000 each and every claim
SYSTEM BUSINESS INTERRUPTION
Limit of liability: CAD1,000,000'each and every claim
CONSEQUENTIAL REPUTATIONAL HARM
Limit of liability: CAD1,000,000 each and every claim
LOSS ADJUSTMENT COSTS
Limit of liability: CAD25,000 each and every claim
NETWORK SECURITY LIABILITY
Aggregate limit of liability: CAD1,000,000 in the aggregate, including costs
and expenses
PRIVACY LIABILITY
Aggregate limit of liability: CAD1,000,000 in the aggregate, including costs
and expenses
MANAGEMENT LIABILITY
Aggregate limit of liability: CAD1,000,000 in the aggregate, including costs
and expenses
REGULATORY FINES
Aggregate limit of liability: CAD1,000,000 in the aggregate, including costs
and expenses
PCI FINES, PENALTIES AND ASSESSMENTS
Aggregate limit of liability: CAD1,000,000 in the aggregate, including costs
and expenses
DEFAMATION
Aggregate limit of liability: CAD1,000,000 in the aggregate, including costs
and expenses
INTELLECTUAL PROPERTY RIGHTS INFRINGEMENT
Aggregate limit of liability: CAD1,000,000 in the aggregate, including costs
and expenses
Page 16 of 20
Jardine Lloyd Thompson Canada Inc.
JLT
MUNICIPAL CYBER LIABILITY
COURT
ATTENDANCE
COSTS
POLICY FORM
INSURER($) AND
PROPORTION OF'
PARTICIPATION($)
Aggregate limit of liability: CAD100,000 in the aggregate, sub -limited to
CAD2,000 per day
JLT Amendatory Clause
$25,000 Each and every claim except for
$0 for Incident Response Costs
$25,000 each and every claim, including costs and expenses for
Network Security & Privacy Liability and Media Liability
$0 for Court Attendance Costs
Insurers Standard Form
CFC Underwriting Limited — 100%
Page 17 of 20
Jardine Lloyd Thompson Canada Inca
4 JLT
RISK MANAGEMENT
ELECTED OFFICIAL,
DIRECTORS AND
DEPARTMENTAL
SEMINARS
AUTOMOBILE
FLEET SERVICES.
Included
Risk and Driver Assessment included
Page 18 of 20
Jardine Lloyd Thompson Canada Inc.
4JLT
MUNICIPAL OPTIONS
Automobile
Insurance
Out of Province
Emergency Medical
Public Entity
Recovery Assistance
Plan (Critical Illness)
Accident Benefits:
OPTION A. Medical & Rehabilitation (Non -Catastrophic) increase Limit
$130,000 - Annual Additional $838
OPTION B. Catastrophic Injury — Med Rehab and Attendant Care increase
Limit from $1,000,000 to $2,000,000 - Annual Additional $584
OPTION C. Medical Rehab and Attendant Care increase Limit from
$1,000,000 to $2,000,000 - Annual Additional $1,676
Caregiver Benefit Limit up to $250 per week plus $50 each additional
dependant - Housekeeping and Home Maintenance — Limit up to $100 per
week up to 2 Years - Non -Catastrophic Impairment -Annual Additional
$1,876
Income Replacement Limit (choose amount) $600/$800/$1,000
Annual Additional $9,100/$18,200/$27,300
Death and Funeral Benefits $50,000 Lump sum to an eligible spouse;
$20,000 lump sum to each dependant; maximum $8,000 for funeral
benefits - Annual Additional $1,950
Dependant Care up to $75 per week for the first dependant and $25 per
week for each additional dependant to a maximum $150 per week
Annual Additional $3,250
Indexation Benefit — Annual Adjustment according to the Consumer Price
Index for Canada - Annual Additional $7,800
Added Coverage to Offset Tort Deductible — OPCF 48
Total Annual Additional Premium — $1,552
Based on Seventeen (17) Members — under the age of 80
— Annual Additional $1,020
To increase the Trip Duration from 15 days to 30 days
— Annual Additional $1,190
Based on Seventeen (17) of Members — age 69 or less
$5,000 limit — Annual Additional $1,856
$10,000 limit — Annual Additional $2,903
Remove Age Restriction of 80
— Annual Additional $250
Page 19 of 20
Jardine Lloyd Thompson Canada Inc.
Page 20 of 20
$JLT