St. Joseph School District .k12.mo.us

COVERAGE PROPOSAL

St. Joseph School District

Effective: December 31, 2016 to December 31, 2017

920 Main Street, Suite 1700 | Kansas City, MO 64105 Main: 816.842.4800 | Toll Free: 800.423.9044

Mission Statement Important Notices A M Best Financial Strength Ratings Premium Quotation Market Summary Named Insureds Property Locations Property Coinsurance Equipment Breakdown Electronic Data Processing Equipment Floater Crime General Liability General Liability Schedule Educators Legal Liability Automobile Automobile Schedule Umbrella / Excess Liability Client Authorization to Bind

Description

Table of Contents

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Our Mission Statement

At Thomas McGee we take pride in our unique approach to serving your risk management needs. Our "BEYOND INSURANCE" process is centered around:

1. Being THERE for You: Simply being THERE for you when we are needed or when it is convenient - is not enough. Our team of professionals is dedicated to being THERE for you 24/7 ? 365 days a year.

2. Serving as Your OUTSOURCE RISK MANAGER: We do not consider ourselves to be insurance brokers. Insurance is a small part of what we do. Rather we are in the business of mitigating and managing risk ? an OUTSOURCE RISK MANAGER for growth oriented middlemarket companies that do not have the luxury of an inhouse Risk Manager.

3. DIAGNOSTIC in Our Approach: Our in depth process is DIAGNOSTIC in nature. It is critical that we have a thorough knowledge of your business and work with you to identify risk before developing strategies or implementing risk transfer/insurance programs. Ultimately those strategies and programs must be monitored as your business grows and changes.

4. Creating RAVING FANS: It is our sincere hope that by discovering unrecognized problems and providing unanticipated solutions that you, our client, will become a RAVING FAN and introduce Thomas McGee to others who will benefit from the "BEYOND INSURANCE" process.



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Important Notices

This proposal is based on information provided by you. This is not a binder of insurance and all coverage summaries provided herein are intended as an outline of coverage only and are necessarily brief. The quotes are valid until inception date(s) of coverages, as proposed. In the event of a loss, all terms, conditions and exclusions of the actual policies will apply. For specific information, read your policies or ask for sample policies for review.

The coverage territory is generally defined as the United States and its' territories. If you have foreign operations, please notify us so that we may obtain the proper foreign coverage for your exposure.

Punitive damages may be excluded by policy language or applicable state law.

The insurance coverages we are proposing may not provide adequate coverage for "Cyber Risks", such as computer viruses, hacker attacks, theft of proprietary information stored electronically, network failure or loss of business due to denial of service attacks. If you require coverage for these exposures, please notify your Thomas McGee team for further information and premium quotation.



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A.M. Best Financial Strength Ratings

The Best's Financial Strength Rating Scale is comprised of 16 individual ratings grouped into 10 categories, consisting of three Secure categories of "Superior", "Excellent" and "Good" and seven Vulnerable categories of "Fair", "Marginal", "Weak", "Poor", "Under Regulatory Supervision", "In Liquidation" and "Rating Suspended".

SECURE

A++ and A+

SUPERIOR

A and A-

EXCELLENT

B++ and B+

GOOD

VULNERABLE

B AND B-

FAIR

C++ AND C+ MARGINAL

C AND C-

WEAK

D

POOR

UNDER

E

REGULATORY

SUPERVISION

F

IN LIQUIDATION

S

RATING SUSPENDED

Assigned to companies that have a superior ability to meet their ongoing insurance obligations. Assigned to companies that have an excellent ability to meet their ongoing insurance obligations. Assigned to companies that have a good ability to meet their ongoing insurance obligations.

Assigned to companies that have a fair ability to meet their ongoing insurance obligations, but are financially vulnerable to adverse changes in underwriting and economic conditions. Assigned to companies that have a marginal ability to meet their ongoing insurance obligations, but are financially vulnerable to adverse changes in underwriting and economic conditions. Assigned to companies that have a weak ability to meet their ongoing insurance obligations, but are financially very vulnerable to adverse changes in underwriting and economic conditions. Assigned to companies that have a poor ability to meet their ongoing insurance obligations and are financially extremely vulnerable to adverse changes in underwriting and economic conditions. Assigned to companies (and possibly their subsidiaries/affiliates) that have been placed by an insurance regulatory authority under a significant form of supervision, control or restraint whereby they are no longer allowed to conduct normal, ongoing insurance operations. This would include conservatorship or rehabilitation, but does not include liquidation. It may also be assigned to companies issued cease and desist orders by regulators outside their home state or country. Assigned to companies that have been placed under an order of liquidation by a court of law or whose owners have voluntarily agreed to liquidate the company. Note: Companies that voluntarily liquidate or dissolve their charters are generally not insolvent. Assigned to rated companies that have experienced sudden and significant events affecting their balance sheet strength or operating performance whereby the rating implications cannot be evaluated due to a lack of timely or adequate information.

Financial Size Category (FSC) To enhance the usefulness of their ratings, A.M. Best assigns each letter rated (A++ through D) insurance company a Financial Size Category (FSC). The FSC is designed to provide a convenient indicator of the size of a company in terms of its statutory surplus and related accounts. (Note: Ranges are in millions of U.S. dollars)

Adjusted FSC Policyholders' Surplus

I - Less than 1 II - 1 to 2 III - 2 to 5 IV - 5 to 10 V - 10 to 25

VI - 25 to 50 VII - 50 to 100 VIII - 100 to 250 IX - 250 to 500 X - 500 to 750

XI - 750 to 1,000 XII - 1,000 to 1,250 XIII - 1,250 to 1,500 XIV - 1,500 to 2,000 XV - 2,000 or greater

For more information, you can visit the A.M. Best website at .



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