Vernon City Council
June 18, 2024

Fiscal Year 2024-25 Insurance Premiums Schedule
Insurance Type Coverage / Deductible Estimate Premium
Property - Power Generating $100 Million Limit,
Various Deductibles
$927,997
Property - Residential $7,950,653 Limit,
$2,500 Deductible
$39,956
Property - Municipal $59,614,930 Limit,
$25,000 Deductible
$152,618
Standalone Terrorism $100 Million Property Terrorism,
$5 Million Terrorism Liability,
$5 Million Active Shooter,
$0 Deductible
$71,413
Auto Physical Damage (CE/APP) $10 Million Limit,
$5,000 Deductible
$34,497
Government Crime $1 Million Limit,
$25,000 Deductible
$2,500
Cyber Liability $5 Million Limit,
$100,000 Deductible
$39,658
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)
$64,469
1st Excess Liability $5 Million Limit,
$2 Million Deductible except $3
Million Deductible for Law
Enforcement
$428,516
2nd Excess Liability $5 Million Limit excess $5M $310,000 3rd Excess Liability $5 Million Limit excess $10M $200,000 4th Excess Liability $5M Limit excess $15M $95,417
Excess Worker's Compensation $50 Million Limit,
$1 Million Deductible except
$1,500,00 Deductible for
Presumptive Losses
$215,661
Special Event GL $2 Million Limit,
$1 Million Each Occurrence
$2,554
Malburg Generating Station
Excess Liability $100 Million Limit $610,712
Property Insurance $200 Million Limit $1,995,803
Commercial Property/EQ and FL $50 Million Limit, $144,555 Workers Compensation $50 Million Limit, Inc above
Environmental $5 Million Limit Inc above
Terrorism $200 Million Limit Inc above
Total Amount $5,336,326