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Item Q10 QI0 BOARD OF COUNTY COMMISSIONERS COUNTY of MONROE �� i Mayor Holly Merrill Raschein,District 5 The Florida Keys Mayor Pro Tern James K.Scholl,District 3 Craig Cates,District 1 Michelle Lincoln,District 2 ' David Rice,District 4 Board of County Commissioners Meeting July 17, 2024 Agenda Item Number: Q10 2023-2671 BULK ITEM: No DEPARTMENT: Risk Management TIME APPROXIMATE: STAFF CONTACT: Brian Bradley N/A AGENDA ITEM WORDING: Approval to renew Airport Liability Insurance with Ace Property and Casualty Insurance Co. through Arthur J Gallagher; and authorization for Risk Manager to sign any and all necessary documents to bind coverage. ITEM BACKGROUND: The County's airport liability insurance with ACE Property and Casualty Ins. Co. (ACE) expires on July 27, 2024. The County's airport liability insurance policy provides specialized liability coverage for airport operations at Key West International airport and the Marathon/Florida Keys International Airport above and beyond the County's normal liability policy through Florida Municipal Insurance Trust, including premises and personal injury liability, hangar keepers liability coverage, non-owned aircraft coverage, and liquor liability coverage. The proposed coverage through ACE provides $100,000,000.00 in liability coverage for airport operations in Key West and Marathon. The ACE policy offers TRIA(Terrorism Risk Insurance Act) and War coverage. The County has previously purchased this coverage in the last renewal and is recommending the purchase again due to the higher number of passengers passing through the airport and the relatively modest cost for additional coverage. The total premium will therefore be $76,315.00 (+10%). PREVIOUS RELEVANT BOCC ACTION: Approved 7/19/2023: $69,090.80. INSURANCE REQUIRED: No CONTRACT/AGREEMENT CHANGES: Premium increase of 10%. STAFF RECOMMENDATION: Approval. 4958 DOCUMENTATION: 2024 MCBOCC Airport Liability Renewal Proposal-I.pdf 2024 MCBOCC.Client Authorization to Bind and TRIA-I.pdf FINANCIAL IMPACT: 7/27/2024 - 7/27/2025 $76,315.00 SC00054 Insurance Premiums CC08502 Risk Management Insurance 4959 ii� I Il�ilil 1� �y � i IIII iui��" ✓Jy' /i �'�/viol "I/�PJ��I/r%�%//l/�/✓ ✓////r✓i �� ' �'l�rfr�al%�Gr//,i t 1 1 1.r l 1 1 1 01 l Gallagher Insurance Rusk Management Consulting 4960 llli�l Monroe County Board of Commissioners S LJll`r11fl rIlalr We appreciate the opportunity to quote the Airport Liability for the County. This proposal is a summary of policy terms and conditions. Attached is the carrier quote for your review as well. • We have been able to achieve renewal goals by negotiating your renewal with the incumbent carrier. • The increase in premium is due to general risk factors for the aviation/aerospace market. • There has been development in your losses. A current loss run is attached. • We have negotiated with additional markets this year to find the best policy premiums and terms for you are with your current carrier. Carrier Response Chubb/ACE-incumbent Quoted Old Republic Declined—can't provide limits needed AIG Aviation Pending It is recommended that you consider purchasing coverage for the following,which are not included in your insurance program: • TRIA and War—was accepted last year • Cyber Liability We are not aware of any changes in your exposures to loss, nor are we aware of any changes in your business operations that would necessitate additional coverage options. Please notify us immediately if you are planning any new business operations. The values and schedules are per the expiring policy or the information you have previously provided. It is your responsibility to notify us of all necessary changes to your schedules Information contained in this proposal is intended to provide a brief overview of coverages. It should be used for reference purposes only. It is not intended to provide a full list of policy exclusions, limitations, and conditions. The provided quotes should be reviewed for further details. Coverage afforded to you is subject to all terms, conditions, and exclusions of the bound and issued policies. To Bind Coverage: Please refer to the attachment document titled, "Client Authorization to Bind Coverage": • Note any changes you desire to be made • Place a check mark next to the coverage(s)you wish to accept • Date and Sign • Return prior to the effective date of coverage Thank you for allowing Gallagher to service your insurance needs.We appreciate your business and look forward to working with you in the coming year. Please contact me if you have any questions. Sincerely, rly 1 Kathy Hill Client Service Manager Senior Enclosure Monroe County Board of Commissioners CL� 1 R�slkwanagwmwmt IcQnsvwng �� . . ~~. . ..~~. . . ~~ ~~. . .. . .~~. y The estimated program cost for the options are outlined in the following table: Airport Liability War and TRIA $7,544.00 $7,914.00 Estimated Cost* $69,091.00 $76,315.00 *Estimated Cost includes all taxes,fees,surcharges and TRIA premium(if applicable) Premiums are due and payable as billed and may be financed,subject to acceptance by an approved finance company. Following acceptance,completion(and signature)of a premium finance agreement with the specified down payment is required. Note: Unless prohibited by law, Gallagher may earn compensation for this optional value-added service. Gallagher is responsible for the placement of the following lines of coverage:Airport Liability, Benefits miscellaneous Crime, Liability Extended Reporting Period It is understood that any other type of exposure/coverage is either self-insured or placed by another brokerage firm other than Gallagher. If you need help in placing other lines of coverage or covering other types of exposures,please contact your Gallagher representative. ',J � U � n �� o�� Note: Any entity not named in this proposal may not bean insured entity. This may include affiliates, ouboidiarioo. LLCo, partnerships, and joint ventures. Monroe County Board of Commissioners We approached the following carriers in an effort to provide the most comprehensive and cost effective insurance program. �1�111�111111�11111111�1�11�511� »�u1�111111�11�111�1111fi11111011 III B�� I It�\��\�1��1 �� II �I��llll 11115111�111� �1 �11�/��. 1 . l Airport Liability ACE Property and Casualty Insurance Quoted Admitted Company (A++ XV) If shown as an indication,the actual premium and acceptance of the coverage requested will be determined by the market after a thorough review of the completed application. "Gallagher companies use AM Best rated insurers and the rating listed above was verified on the date the proposal document was created. Best's Credit RatingsTm reproduced herein appear under license from AM Best and do not constitute,either expressly or impliedly, an endorsement of Gallagher's service or its recommendations.AM Best is not responsible for transcription errors made in presenting Best's Credit RatingsTM. Best's Credit RatingsTm are proprietary and may not be reproduced or distributed without the express written permission of AM Best. A Best's Financial Strength Rating is an independent opinion of an insurer's financial strength and ability to meet its ongoing insurance policy and contract obligations. It is not a warranty of a company's financial strength and ability to meet its obligations to policyholders. Best's Credit RatingsTm are under continuous review and subject to change and/or affirmation. For the latest Best's Credit RatingsTm and Guide to Best's Credit Ratings,visit the AM Best website at http://www.amkest.com/ratings. "'If coverage placed with a non-admitted carrier,it is doing business in the state as a surplus lines or non-admitted carrier,and is neither subject to the same regulations as an admitted carrier nor do they participate in any state insurance guarantee fund. Gallagher companies make no representations and warranties concerning the solvency of any carrier, nor does it make any representation or warranty concerning the rating of the carrier which may change. i 4 �ll��llllllll�" Monroe County Board of Commissioners Coverage e III III iii III III lii III Carrier Information ACE Property and Casualty Insurance Company Payment Plan Full annual premium due upon binding Payment Method Agency Bill Airport Liability Premium $67,645.00 TRIA&War combined (Additional) $7,914.00 FIGA $756.00 Estimated Cost $76,315.00 Exposure Per applications completed and signed Auditable/Frequency Not Auditable. Each Occurrence/Offense In Respect Of Bodily Injury, Personal And Advertising Injury $100,000,000 And Property Damage Combined Products-Completed Operations Annual $100,000,000 Aggregate Limit Personal Injury and Advertising Injury Annual $50,000,000 Aggregate Limit Malpractice Annual Aggregate Limit $50,000,000 Fire Damage Limit Any One Fire $250,000 Medical Expense Limit Any One Person $25,000 Hangarkeepers not"in flight' Limit Any One $100,000,000 Occurrence Hangarkeepers not"in flight' Limit Any One $100,000,000 Aircraft Non-Owned Aircraft Liability Limit Any One $100,000,000 Occurrence Form Type Occurrence Excess Automobile Liability(off premises) excess of$5,000,000 any one $50,000,000 accident/occurrence Excess Automobile Liability(off premises) excess of$5,000,000 any one $50,000,000 accident/occurrence dr' nor, ',r yi PuM � ,i ,b ti� Significant policy endorsements include, but are not limited to,those listed on the attached quote/policy form/endorsements. MS-264782(6-21)Changes to Liquor Liability Exclusion will be included Significant policy exclusions include, but are not limited to,those listed on the attached quote/policy form/endorsements. None , o n�,E� �u�'d i r,J " -1s%„l e9 �,� °J E114 None Defense Cost Outside The Policy Limits Subject To -Signed Chubb/ACE TRIA disclosure form -Written Authorization to bind coverage dE i 5 �ll��llllllll�" Monroe County Board of Commissioners .�U ^ �� ^ �� U^ ��n�� n ^��n �� n ��n�� Immediately repor all claims. Each insurer requires notice of certain types of claims depending on the potential exposure or particular injury types. It is important to thoroughly review your policy to ensure you are reporting particular incidents and daimo, based upon the insurer's policy requirements. If you are using a third party administrator("TPA"), your TPA may or may not report claims to an insurer on your behalf.Although we will assist you where requested, it is important that you understand whether your TPA will be completing this notification. Reporting Direct toCarrier[Only When Applicable] Monroe County Board of Commissioners The following disclosures are hereby made a part of this proposal. Please review these disclosures prior to signing the Client Authorization 0o Bind m e-mail confirmation. Proposal Disclaimer IMPORTANT:The proposal and/or any executive summaries outline certain terms and conditions of the insurance proposed Uy the insurers, based on the information provided by your company. The insurance policies themselves must bo read to fully understand the terms, coverages, Exclusions including but not limited to:, limitations and/or conditions of the actual policy contract of insurance. Policy forms will be made available upon request. We make no warranties with respect to policy limits or coverage considerations of the carrier. Compensation Disclosure 1 Gallagher Companies are primarily compensated from the usual and customary commissions,fees or,where permitted, a combination of both,for brokerage and servicing of insurance policies,annuity contracts,guarantee contracts and surety bonds(collectively"insurance coverages")handled for a client's account,which may vary based on market conditions and the insurance product placed for the client. 2. In placing, renewing, consulting on or servicing your insurance coverages,Gallagher companies may participate in contingent and supplemental commission arrangements with intermediaries and insurance companies that provide for additional compensation if certain underwriting, profitability,volume or retention goals are achieved. Such goals are typically based on the total amount of certain insurance coverages placed by Gallagher with the insurance company,not on an individual policy basis. As a result, Gallagher may be considered to have an incentive to place your insurance coverages with a particular insurance company. |f you do not wish to have your commercial insurance placement included in consideration for additional compensation,contact your producer or service team for an Opt-out form. 3 Gallagher Companies may receive investment income on fiduciary funds temporarily held by them,or from obtaining or generating premium finance quotes, unless prohibited bylaw. 4 Gallagher Companies may also access or have an ownership interest in other facilities,including wholesalers, reinsurance intermediaries, captive managers,underwriting managers and others that act as intermediaries for both Gallagher and other brokers in the insurance marketplace some of which may earn and retain customary brokerage commission and fees for their work. If you have specific questions about any compensation received by Gallagher and its affiliates in relation to your insurance placements, please contact your Gallagher representative for more details. TR1A/TR|PRAD|su|o|mer If this proposal contains options to purchase TRIAFFRIPRA coverage,the proposed TRIAFFRIPRA program may not cover all terrorism losses.While the amendments to TRIA eliminated the distinction between foreign and domestic acts of terrorism,a number of lines of coverage excluded under the amendments passed in 2005 remain excluded including commercial automobile, burglary and theft insurance-,surety insurance,farm owners multiple perils and professional liability (although directors and officers liability is specifically included). If such excluded coverages are required,we recommend that you consider purchasing a separate terrorism policy. Please note that a separate terrorism policy for these excluded coverages may bonecessary to satisfy loan covenants or other contractual obligations.TRI PRA includes a$100 billion cap on insurers'aggregate liability. TR|PRAisset to expire on December 31.2U27 There isno certainty of extension,thus the coverage provided byyour insurers may or may not extend beyond December 31.2U27 |n the event you have loan covenants or other contractual obligations requiring that TR|A/TR|PRAbo maintained throughout the duration of your policy period,wo recommend that a separate~'Stand Alone~'terrorism policy bo purchased tosatisfy those obligations. Property Estimator Disclaimer These property values were obtained using a desktop Property Estimator software operated by non-appraisal professionals. These property values represent general estimates which are not tobo considered a certified appraisal.These property values include generalities and assumptions that may produceinaccurate valuesfor specific Terms and Conditions Monroe County Board of Commissioners It is important that we clearly outline the nature of our mutual relationship.The following terms and conditions(these"Terms") govern your relationship with Gallagher unless you have separately entered into a written services agreement with Gallagher relative to the policies and services outlined in this Proposal, in which case that services agreement will govern and control with respect to any conflicts with these Terms. These Terms will become effective upon your execution of the Client Authorization to Bind Coverage(the "CAB") included in this Proposal and shall survive for the duration of your relationship with Gallagher relative to the policies placed pursuant to the CAB or otherwise at your request. Services Gallagher will represent and assist you in all discussions and transactions with insurance companies relating to the lines of insurance coverage set forth in the CAB and any other lines of insurance coverage with which you request Gallagher's assistance. Gallagher will consult with you regarding any matters involving these or other coverages for which you have engaged Gallagher. You have the sole discretion for approving any insurance policies placed, as well as all other material decisions involving your risk management, risk transfer and/or loss prevention needs. Although you are responsible for notifying applicable insurance companies directly in connection with any claims, demands, suits, notices of potential claims or any other matters as required by the terms and conditions of your policies, Gallagher will assist you in determining applicable claim reporting requirements. Treatment of Information Gallagher understands the need to protect the confidentiality and security of your confidential and sensitive information and strives to comply with applicable data privacy and security laws. Your confidential and sensitive information will be protected by Gallagher and only used to perform services for you; provided that Gallagher may disclose and transfer your information to our affiliates,agents or vendors that have a need to know such information in connection with the provision of such services (including insurance markets, as necessary, for marketing,quoting, placing and/or servicing insurance coverages). We may also disclose such information as required by applicable data protection laws or the order of any court or tribunal, subject to our providing you with prior notice as permitted by law. We will (i)implement appropriate administrative, physical and technical safeguards to protect personal information;(ii)timely report security incidents involving personal information to affected parties and/or regulatory bodies; (iii)create and maintain required policies and procedures; and (iv) comply with data subjects' rights, as applicable. To the extent applicable under associated data protection laws,you are a"business"or"controller"and Gallagher is a"service provider"or"data processor." You will ensure that any information provided to Gallagher has been provided with any required notices and that you have obtained all required consents, if any and where required, or are otherwise authorized to transfer all information to Gallagher and enable Gallagher to process the information for the purposes described in this Proposal and as set forth in Gallaher's Privacy Policy located at https://www.aig.com/privacy-policy/. Gallagher may update its Privacy Policy from time to time and any updates will be posted to such site. Dispute Resolution Gallagher does not expect that it will ever have a formal dispute with any of its clients. However, in the event that one should arise,we should each strive to achieve a fair,expedient and efficient resolution and we'd like to clearly outline the resolution process. A. If the parties have a dispute regarding Gallagher's services or the relationship governed by this Proposal ("Dispute"), each party agrees to resolve that Dispute by mediation. If mediation fails to resolve the Dispute,you and Gallagher agree to binding arbitration. Each party waives all rights to commence litigation in court to resolve a Dispute, and specifically waives all rights to pursue relief by class action or mass action in court or through arbitration. However, the parties do not waive the ability to seek a court order of injunction in aid of the mediation and arbitration required by these Terms. B. The party asserting a Dispute must provide a written notice("Notice")of the claim to the other party and to the American Arbitration Association ("AAA") in accordance with its Commercial Arbitration Rules and Mediation Procedures. All Dispute resolutions will take place in Chicago, IL, unless you and Gallagher agree to another location. The parties will equally divide all costs of the mediation and arbitration proceedings and will each pay their own attorneys' fees. All matters will be before a neutral,impartial and disinterested mediator or arbitrator(s)that have at least 20 years'experience in commercial and insurance coverage disputes. C. Mediation will occur within sixty (60) days of filing the Notice with the AAA. Mediation results will be reduced to a memorandum of understanding signed by you, Gallagher and the mediator. A Dispute that is not resolved in mediation will commence to binding arbitration. For Disputes in excess of$500,000, either party may elect to have the Dispute heard by a panel of three (3) arbitrators. The award of the arbitrator(s) must be accompanied by a reasoned opinio Monroe County Board of Commissioners prepared and signed by the arbitrator(s). Except as may be required by law, neither you, Gallagher, nor a mediator or arbitrator may disclose the existence, content or results of any Dispute or its dispute resolution proceeding without the prior written consent of both you and Gallagher. Electronic Delivery In lieu of receiving documents in paper format,you agree, to the fullest extent permitted by law,to accept electronic delivery of any documents that Gallagher may be required to deliver to you (including, but not limited to, insurance policies and endorsements,account statements and all other agreements,forms and communications)in connection with services provided by Gallagher. Electronic delivery of a document to you maybe made via electronic mail or by other electronic means,including posting documents to a secure website. Miscellaneous Terms Gallagher is engaged to perform services as an independent contractor and not as your employee or agent, and Gallagher will not be operating in a fiduciary capacity. Where applicable, insurance coverage placements and other services may require the payment of federal excise taxes, surplus lines taxes, stamping or other fees to the Internal Revenue Service, various State(s)departments of revenue, state regulators, boards or associations. In such cases, you will be responsible for the payment of the taxes and/or fees, which Gallagher will separately identify on related invoices. The Proposal and these Terms are governed by the laws of the State of Illinois,without regard to its conflict of law rules. If an arbitrator/court of competent jurisdiction determines that any provision of these Terms is void or unenforceable, that provision will be severed, and the arbitrator/court will replace it with a valid and enforceable provision that most closely approximates the original intent,and the remainder of these Terms will remain in effect. Except to the extent in conflict with a services agreement that you may enter into with Gallagher, these Terms and the remainder of the Proposal constitute the entire agreement between you and Gallagher with respect to the subject matter of the Proposal,and supersede all prior negotiations,agreements and understandings as to such matters. mo 9 �ll��llllllll�" Monroe County Board of Commissioners �� ^ �� Cu ^ ��^ U Sc[ �� U *�� ^� �� n�� "� nn��ne Client Name: Nbnmo County Board of Commissioners ACE Property and AJG Aerospace $67,645.00 Airport Liability Casualty Insurance Practice $7,914.00 TRIA/War 7.5% 7.5% Company 1 We were able to obtain more advantageous terms and conditions for you through an intermediary/wholesaler. 2 If the premium is shown as an indication:The premium indicated is an estimate provided by the market.The actual premium and acceptance of the coverage requested will be determined by the market after a thorough review of the completed application. ~A verbal quotation was received from this carrier.ww are awaiting a quotation mwriting. a The commission rate|ea percentage or annual premium excluding taxes ufees. ~Gallagher is receiving___%commission on this policy.The fee due Gallagher will be reduced by the amount of the commissions received. Monroe County Board of Commissioners .�U^ � �� ^ �^ � ��^ �� n�� ^��nn�� Coverage � After careful consideration of Gallagher's proposal dated 7/1/2024 we accept the followingmoverage(s). Please check the doo|md oovorage(a)and note any coverage amendments below: 0 Accept 0 Reject IFIGA$765.00 0 Accept 0 Reject rRIANVar(Additional): $7,914.00 ACE Property and Casualty Insurance Company Additional Recommended Coverages Gallagher recommends that you purchase the following additional coverages for which you have exposure. By checking the box(es) below, you are requesting that Gallagher provide you with a Proposal for this coverage. By not requesting a Proposal for this coverage, you assume the risk of any uncovered loss. OCyberLiability The above coverage(s)does not necessarily represent the entirety of available insurance products. If you are interested in pursuing additional coverages other than those listed in the Additional Recommended Coverages, please list below: Other Services hmConsider El Yes El No CORE300"° GTEP OYoo ONo—oRiokHub Exposures and Values You confirm the payroll, values, schedules, and any other information pertaining to your operations, and submitted to the undonwritom,were compiled from information provided by you If no updates were provided to Gallagher, the values, exposures and operations used were based on the expiring policies.You acknowledge itio your responsibility tonotify Gallagher of any material change in your operations orexposures. Monroe County Board of Commissioners Additional Terms and Disclosures Gallagher is not an expert in all aspects of your business. Gallagher's Proposals for insurance are based upon the information concerning your business that was provided to Gallagher by you. Gallagher expects the information you provide is true, correct and complete in all material respects. Gallagher assumes no responsibility to independently investigate the risks that may be facing your business, but rather have relied upon the information you provide to Gallagher in making our insurance Proposals. Gallagher has established security controls to protect Client confidential information from unauthorized use or disclosure. For additional information, please review Gallagher's Privacy Policy located at https://www.alg.com/privacy-policy/. You have read, understand and agree that the information contained in the Proposal and all documents attached to and incorporated into the Proposal, is correct and has been disclosed to you prior to authorizing Gallagher to bind coverage and/or provide services to you. By signing below, or authorizing Gallagher to bind your insurance coverage through email when allowed, you acknowledge you have reviewed and agree with terms, conditions and disclosures contained in the Proposal. By: Print Name(Specify Title) Monroe County Board of County Commissioners Company Signature Date: i 12 �ll��llllllll�" i 555 S. Flower Street, 3rd Floor C H U E3 E3' Los Angeles, CA 90071 Tel 213-612-5360 Fax 213-612-5731 TO: Kenneth Burkhead FROM: Rosalind Doby ARTHUR J GALLAGHER RISK MANAGEMENT SERVICES LLC LAS VEGAS, Nevada 89144 RISK ID: 231840 EMAIL: Kenneth_Burkhead@ajg.com DATE SENT: June 25, 2024 AIRPORT OWNERS AND OPERATORS LIABILITY QUOTATION WITH ACE PROPERTY AND CASUALTY INSURANCE COMPANY (AA S&P, A++ BEST) In accordance with your request, we are pleased to provide the following quotation: Please read this Quotation carefully, as the limits, coverage and other terms and conditions may vary significantly from those requested in your submission and/or from the expiring policy. Terms and conditions that are not specifically mentioned in this Quotation are not included. The terms and conditions of this Quotation supersede the submitted insurance specifications and all prior proposals and binders. Actual coverage will be provided by and in accordance with the policy as issued. The insurer is not bound by any statements made in the submission purporting to bind the insurer unless such statement is reflected in the policy or in an agreement signed by someone authorized to bind the insurer. This Quotation has been constructed in reliance on the data provided in the submission. A material change or misrepresentation of that data voids this Quotation. This quotation is not a binder of insurance. In no event will this quotation remain open beyond 30 days from the quote issuance date shown above or the coverage effective date, whichever comes first. This quotation is subject to the Assured's producer being duly licensed in his/her resident state; in addition, the producer must hold a non-resident license in the state in which the Assured is domiciled if different from the producer's resident state. NAMED Monroe County Board of County Commissioners, all elected or appointed officials and officers INSURED: including employees,volunteers, licensees, permittees and any individual or organization required by statute,agreement,contract or lease or other circumstances including all existing or newly created boards,committees and their members. NAMED 1111 12th Street INSURED'S 4th FI Professional Bldg ADDRESS: Key West, Florida, 33040 Page 1 of 4 4972 PERIOD: From: July 27, 2024 To: July 27, 2025 both days at 12:01 a.m. Local Time at the address of the Named Insured INTEREST: The Insured's legal liability to which this policy applies, arising out of the Insured's Airport operations at the following airport location(s): F.A.A. ID State Name EYW FL Key West International Airport, Key West, FL MTH FL Florida Keys- Marathon Airport, Marathon, FL SUM $100,000,000 each occurrence/offense in respect of Bodily Injury, Personal and Advertising Injury INSURED: and Property Damage combined, subject to the following limitations: Products-Completed Operations Annual Aggregate Limit. . . . . . . . . . . . . . . . . . . . . . . . $100,000,000 Personal Injury and Advertising Injury Annual Aggregate Limit. . . . . . . . . . . . . . . . . . . $50,000,000 Malpractice Annual Aggregate Limit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $50,000,000 Extended Coverage—War, Hi-jacking and Other Perils Annual Aggregate Limit. . . . . . Not Insured Fire Damage Limit Any One Fire. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $250,000 Medical Expense Limit Any One Person. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $25,000 Hangarkeepers not "in flight" Limit Any One Occurrence. . . . . . . . . . . . . . . . . . . . . . . . $100,000,000 Hangarkeepers not "in flight" Limit Any One Aircraft. . . . . . . . . . . . . . . . . . . . . . . . . . . $100,000,000 Non-Owned Aircraft Liability Limit Any One Occurrence. . . . . . . . . . . . . . . . . . . . . . . . . $100,000,000 Excess Automobile Liability(off premises) $50,000,000 excess of$5,000,000 any one accident/occurrence Excess Employers Liability (excluding disease) $50,000,000 excess of$1,000,000 any one accident/occurrence DEDUCTIBLE: Nil Each Occurrence or offense, but not to exceed Nil annual aggregate CONDITIONS: The Airport Owners and Operators General Liability Policy contains, inter alia, the following exclusion clauses: War, Hi-Jacking and Other Perils Exclusion Clause Noise, Pollution and other Perils Exclusion Clause The policy is also subject to the following: 90 days notice of cancellation, non-renewal or reduction in coverage by Insurer, but 10 days notice for non-payment of premium. This provision does not override the Automatic Termination review or cancellation provisions of endorsements AAP 203 or AAP 237. The policy may be cancelled or nonrenewed subject to the terms of the following endorsement AAP FL(11/99) Florida Changes-Cancellation and Nonrenewal Page 2 of 4 4973 Schedule of Policy Forms applicable to airports and locations Florida in: Form Reference Title and Edition AAP 200(05-22) Airport Owners and Operators General Liability Policy-Jacket AAP 201 (11/99) Airport Owners and Operators General Liability Policy- Declarations AAP 2015(11/99) Airport Owners and Operators General Liability Policy-Schedule of Endorsements AAP 202 (11/99) Airport Owners and Operators General Liability Policy AAP 203 (02/08) Extended Coverage-War, Hi-jacking and Other Perils Endorsement AAP 204-FL(01/05) Amendment of Noise and Pollution and Other Perils Exclusion AAP 206(11/99) Extension - Broad Designated Airmeet, Contest or Exhibition Endorsement AAP 211 (03/09) Extension-Specific Excess Automobile Liability Insurance AAP 220(11/99) Immunity Waiver Endorsement AAP 227 (03/09) Extension-Specific Excess Employers Liability Insurance AAP 228(11/99) Cancellation Notification Change AAP 234(11/99) Airport Limited Enhanced Coverage Endorsement AAP 237 (11/99) Nuclear Risks Exclusion Clause AAP 238(10/08) Excess Automobile Liability (plus Business Auto Policy, CA 00 01 10 01) AAP 242 (11/99) Personal Injury Limitation Endorsement AAP 248(11/99) Volunteers Endorsement AAP 250(11/99) Employee Benefits Liability Endorsement Limit of Liability 500,000 Deductible Ni1 Premium Included AAP 255 (03/08) Date Recognition Limited Coverage Endorsement AAP 256(11/99) Date Recognition Exclusion Endorsement AAP 267-FL(01/05) Fungi or Bacteria Exclusion - Florida AAP 268-FL(01/05) Asbestos or Asbestos-Containing Materials or Products Exclusion Endorsement- Florida AAP 270-FL(02/16) Certified Acts of Terrorism; Cap on Losses from Certified Acts of Terrorism Endorsement- Florida AAP 271 (01/05) Definition of"Bodily Injury" Endorsement AAP 273-FL(01/05) Amendment of Noise and Pollution and Other Perils Exclusion Endorsement- Florida AAP 277-FL(01/06) Silica Exclusion AAP 294(06/06) Land Acquisition Endorsement Description of Land Acquisition All land acquired by the Named Insured in accordance with their Airport Master Plan. AAP 306(03/08) Infringement of Copyright, Patent,Trademark or Trade Secret Endorsement AAP 307 (03/08) Amendment to Supplementary Payments (Court Cost) Endorsement AAP 316(02/21) Exclusion-Access or Disclosure of Confidential or Personal Information - Advertising Injury or Personal Injury AAP 317 (01/22) Exclusion— Perfluorinated Chemicals Page 3 of 4 4974 ALL-20887 (10/06) ACE Producer Compensation Practices & Policies ALL-21101 (11/06) Trade or Economic Sanctions Endorsement ALL-5X45 (11/96) Questions About Your Insurance IL P 001 (01/04) U.S.Treasury Departments' Office of Foreign Assets Control ("OFAC") Advisory Notice to Policyholders TR-19604e (08/20) Notice Of Terrorism Insurance Coverage ANNUAL GL Premium: $67,645 ANNUAL TRIA Premium: $1,149 ANNUAL WAR Premium: $6,765 The War and TRIA coverages and premiums are quoted on an "if required" basis and may be rejected by the insured. Taxes/Fees will be charged in addition to premiums for airports and locations in subject jurisdictions as follows TAXES, ETC.: 1.00% Florida Insurance Guaranty Association (FIGA) 2023 Emergency Assessment Surcharge Please note that you do not have authority to bind the above insurance. Please contact us if you wish to bind this insurance. We look forward to receiving your instructions and thank you for your inquiry. On behalf of ACE Property and Casualty Insurance Company By . . . ... r .:. ..., Authorized Representative Page 4 of 4 4975 CHUBB° POLICYHOLDER DISCLOSURE NOTICE OF TERRORISM INSURANCE COVERAGE You are hereby notified that under the Terrorism Risk Insurance Act, as amended, you have a right to purchase insurance coverage for losses resulting from acts of terrorism. As defined in Section 102(1) of the Act: The term "act of terrorism"means any act or acts that are certified by the Secretary of the Treasury---in consultation with the Secretary of Homeland Security, and the Attorney General of the United States---to be an act of terrorism; to be a violent act or an act that is dangerous to human life, property, or infrastructure; to have resulted in damage within the United States, or outside the United States in the case of certain air carriers or vessels or the premises of a United States mission; and to have been committed by an individual or individuals 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. YOU SHOULD KNOW THAT WHERE COVERAGE IS PROVIDED BY THIS POLICY FOR LOSSES RESULTING FROM CERTIFIED ACTS OF TERRORISM, SUCH LOSSES MAY BE PARTIALLY REIMBURSED BY THE UNITED STATES GOVERNMENT UNDER A FORMULA ESTABLISHED BY FEDERAL LAW. HOWEVER, YOUR POLICY MAY CONTAIN OTHER EXCLUSIONS WHICH MIGHT AFFECT YOUR COVERAGE, SUCH AS AN EXCLUSION FOR NUCLEAR EVENTS. UNDER THE FORMULA, THE UNITED STATES GOVERNMENT GENERALLY REIMBURSES 8o% , OF COVERED TERRORISM LOSSES EXCEEDING THE STATUTORILY ESTABLISHED DEDUCTIBLE PAID BY THE INSURANCE COMPANY PROVIDING THE COVERAGE. THE PREMIUM CHARGED FOR THIS COVERAGE IS PROVIDED BELOW AND DOES NOT INCLUDE ANY CHARGES FOR THE PORTION OF LOSS THAT MAY BE COVERED BY THE FEDERAL GOVERNMENT UNDER THE ACT. YOU SHOULD ALSO KNOW THAT THE TERRORISM RISK INSURANCE ACT, AS AMENDED, CONTAINS A $ioo BILLION CAP THAT LIMITS U.S. GOVERNMENT REIMBURSEMENT AS WELL AS INSURERS' LIABILITY FOR LOSSES RESULTING FROM CERTIFIED ACTS OF TERRORISM WHEN THE AMOUNT OF SUCH LOSSES IN ANY ONE CALENDAR YEAR EXCEEDS $ioo BILLION. IF THE AGGREGATE INSURED LOSSES FOR ALL INSURERS EXCEED $ioo BILLION,YOUR COVERAGE MAY BE REDUCED. Acceptance or Rejection of Terrorism Insurance Coverage I hereby elect to purchase terrorism coverage for a prospective premium of$1,14A I hereby decline to purchase terrorism coverage for certified acts of terrorism.I understand that I will have no coverage for losses resulting from certified acts of terrorism. Monroe County Board of County Commissioners,Monroe County Board of County Commissio ACE Property and Casualty Insurance Company Policyholder/Applicant's Signature Insurance Company No0985004 021 Print Name Policy Number Date TR-19604e(o8/20) 4976 Monroe County Board of Commissioners .�U^ � �� ^ �^ � ��^ �� n�� ^��nn�� Coverage � After careful consideration of Gallagher's proposal dated 7/1/2024 we accept the followingmoverage(s). Please check the doo|md oovorage(a)and note any coverage amendments below: 0 Accept 0 Reject IFIGA$765.00 0 Accept 0 Reject rRIANVar(Additional): $7,914.00 ACE Property and Casualty Insurance Company Additional Recommended Coverages Gallagher recommends that you purchase the following additional coverages for which you have exposure. By checking the box(es) below, you are requesting that Gallagher provide you with a Proposal for this coverage. By not requesting a Proposal for this coverage, you assume the risk of any uncovered loss. OCyberLiability The above coverage(s)does not necessarily represent the entirety of available insurance products. If you are interested in pursuing additional coverages other than those listed in the Additional Recommended Coverages, please list below: Other Services hmConsider El Yes El No CORE300"° GTEP OYoo ONo—oRiokHub Exposures and Values You confirm the payroll, values, schedules, and any other information pertaining to your operations, and submitted to the undonwritom,were compiled from information provided by you If no updates were provided to Gallagher, the values, exposures and operations used were based on the expiring policies.You acknowledge itio your responsibility tonotify Gallagher of any material change in your operations orexposures. Monroe County Board of Commissioners Additional Terms and Disclosures Gallagher is not an expert in all aspects of your business. Gallagher's Proposals for insurance are based upon the information concerning your business that was provided to Gallagher by you. Gallagher expects the information you provide is true, correct and complete in all material respects. Gallagher assumes no responsibility to independently investigate the risks that may be facing your business, but rather have relied upon the information you provide to Gallagher in making our insurance Proposals. Gallagher has established security controls to protect Client confidential information from unauthorized use or disclosure. For additional information, please review Gallagher's Privacy Policy located at https://www.alg.com/privacy-policy/. You have read, understand and agree that the information contained in the Proposal and all documents attached to and incorporated into the Proposal, is correct and has been disclosed to you prior to authorizing Gallagher to bind coverage and/or provide services to you. By signing below, or authorizing Gallagher to bind your insurance coverage through email when allowed, you acknowledge you have reviewed and agree with terms, conditions and disclosures contained in the Proposal. By: Print Name(Specify Title) Monroe County Board of County Commissioners Company Signature Date: i 12 �ll��llllllll�" i CHUBB° POLICYHOLDER DISCLOSURE NOTICE OF TERRORISM INSURANCE COVERAGE You are hereby notified that under the Terrorism Risk Insurance Act, as amended, you have a right to purchase insurance coverage for losses resulting from acts of terrorism. As defined in Section 102(1) of the Act: The term "act of terrorism"means any act or acts that are certified by the Secretary of the Treasury---in consultation with the Secretary of Homeland Security, and the Attorney General of the United States---to be an act of terrorism; to be a violent act or an act that is dangerous to human life, property, or infrastructure; to have resulted in damage within the United States, or outside the United States in the case of certain air carriers or vessels or the premises of a United States mission; and to have been committed by an individual or individuals 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. YOU SHOULD KNOW THAT WHERE COVERAGE IS PROVIDED BY THIS POLICY FOR LOSSES RESULTING FROM CERTIFIED ACTS OF TERRORISM, SUCH LOSSES MAY BE PARTIALLY REIMBURSED BY THE UNITED STATES GOVERNMENT UNDER A FORMULA ESTABLISHED BY FEDERAL LAW. HOWEVER, YOUR POLICY MAY CONTAIN OTHER EXCLUSIONS WHICH MIGHT AFFECT YOUR COVERAGE, SUCH AS AN EXCLUSION FOR NUCLEAR EVENTS. UNDER THE FORMULA, THE UNITED STATES GOVERNMENT GENERALLY REIMBURSES 8o% , OF COVERED TERRORISM LOSSES EXCEEDING THE STATUTORILY ESTABLISHED DEDUCTIBLE PAID BY THE INSURANCE COMPANY PROVIDING THE COVERAGE. THE PREMIUM CHARGED FOR THIS COVERAGE IS PROVIDED BELOW AND DOES NOT INCLUDE ANY CHARGES FOR THE PORTION OF LOSS THAT MAY BE COVERED BY THE FEDERAL GOVERNMENT UNDER THE ACT. YOU SHOULD ALSO KNOW THAT THE TERRORISM RISK INSURANCE ACT, AS AMENDED, CONTAINS A $ioo BILLION CAP THAT LIMITS U.S. GOVERNMENT REIMBURSEMENT AS WELL AS INSURERS' LIABILITY FOR LOSSES RESULTING FROM CERTIFIED ACTS OF TERRORISM WHEN THE AMOUNT OF SUCH LOSSES IN ANY ONE CALENDAR YEAR EXCEEDS $ioo BILLION. IF THE AGGREGATE INSURED LOSSES FOR ALL INSURERS EXCEED $ioo BILLION,YOUR COVERAGE MAY BE REDUCED. Acceptance or Rejection of Terrorism Insurance Coverage I hereby elect to purchase terrorism coverage for a prospective premium of$1,14A I hereby decline to purchase terrorism coverage for certified acts of terrorism.I understand that I will have no coverage for losses resulting from certified acts of terrorism. Monroe County Board of County Commissioners,Monroe County Board of County Commissio ACE Property and Casualty Insurance Company Policyholder/Applicant's Signature Insurance Company No0985004 021 Print Name Policy Number Date TR-19604e(o8/20) 4979