Vernon City Council
June 20, 2023

Fiscal Year 2023-24 Insurance Premiums Schedule
Insurance Type Coverage / Deductible Estimated Premium
Property - Power Generating $100 Million Limit,
Various Deductibles
$850,000
Property - Residential $7,950,653 Limit,
$2,500 Deductible
$30,000
Property - Municipal $59,614,930 Limit,
$25,000 Deductible
$111,000
Standalone Terrorism $100 Million Property Terrorism,
$5 Million Terrorism Liability,
$5 Million Active Shooter,
$0 Deductible
$58,000
Auto Physical Damage (CE/APP) $10 Million Limit,
$5,000 Deductible
$22,000
Government Crime $1 Million Limit,
$25,000 Deductible
$2,500
Cyber Liability $5 Million Limit,
$100,000 Deductible
$39,000
Premises Pollution/Environmental
Impairment Liability
$5 Million Limit,
$5 Million per claim,
$25,000 Deductible except
$50,000 Deductible (Utility Locs.)
$100,000 Deductible (Natural Gas
Pipeline)
$62,000
1st Excess Liability $5 Million Limit,
$2 Million Deductible except
$3 Million Deductible for Law
Enforcement
$350,000
2nd Excess Liability $5 Million Limit excess $5M $280,000 3rd Excess Liability $5 Million Limit excess $10M $224,000 4th Excess Liability $5M Limit excess $15M $179,000
Excess Worker's Compensation $50 Million Limit,
$1 Million Deductible except
$1,500,000 Deductible for
Presumptive Losses
$160,000
Special Event GL $2 Million Limit,
$1 Million Each Occurrence
$3,000
Malburg Generating Station
Excess Liability $100 Million Limit $595,000
Property Insurance $200 Million Limit $1,850,000
Commercial Property/EQ and FL $50 Million Limit, $150,000 Workers Compensation $50 Million Limit, Inc above
Environmental $5 Million Limit Inc above
Terrorism $200 Million Limit Inc above
Total Amount $4,965,500