Kappes Miller - Risk Management

Comparison of Insurance Coverages, Policy Limits and Premiums

(sample) Typical Package KMRM Package
Building & Contents Set Dollar Limit Guaranteed Replacement
Deductible Miscellaneous Options Miscellaneous Options
Earthquake Same as Building Limit Same as Building Limit
Flood None Same as Building Limit
(General & Umbrella)
$1,000,000 $11,000,000
(a.k.a. "Code Upgrade Coverage")
None $1,000,000
Electronic Data Processing
(a.k.a. "Computer Coverage")
$10,000 $100,000
Boiler, Electrical & Machinery
Breakdown (e.g. Elevators, Heating)
None $75,000,000
Fidelity (a.k.a. "Employee Dishonesty") $25,000 $500,000
Directors & Officers Liability $1,000,000 Up to $5,000,000
Auto Liability (Hired/Nonowned) $1,000,000 $11,000,000
Employee Benefits Liability None $11,000,000
Co-Insurance Penalties Yes None
Loss Control, Claims Management,
Risk Management Services
N/A Included
Total Annual Cost $ ——— (Typical savings of over 5%)

For an explanation of the above terminology, please see the Board of Directors Guide. Coverages and rates are contingent upon final underwriting of the particular property. The above is intended as a brief overview of the package. See the particular policy for specific policy language concerning coverages, limits, etc. “Total Annual Cost” includes premiums and fees.

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