Proposal | Training Document
INSURANCE PROPOSAL Prepared for: Macon E. Gooch, III Building Consultants, Inc.
WHO WE ARE + Since our beginning in 1952, we’ve held true to our core purpose of leading complex businesses into safety and security. For us here at Snellings Walters, that means being more than just your insurance advisors. It means being your insurance advocates, digging deeper than surface level to find solutions that will lead to better outcomes. AUTHENTIC ACCOUNTABLE CURIOUS ENGAGED Values should be more than just words on a wall. They should be visible in all that you do. We’re proud to say that every-one of our employees’ lives these out every day. We lead to inspire confidence, so your potential is unleashed. We aren’t here to just provide services, but to give powerful advice that will help you control your outcomes. 8/27/24 Page 2 of 16
SERVICE TEAM + TR: WAYNE DEAN Partner Phone: (706) 207-3393 Email: wdean@snellingswalters.com + Why Wayne does what he does: He enjoys the relationships he has built, and the motivation to help his clients grow their businesses. Wayne specializes in designing and placing commercial insurance programs, which includes Cyber liability, Professional Errors and Omissions, Commercial Auto, Commercial Umbrella, Workers Compensation, Employment Practices Liability, and Captives. His role is to help improve employee productivity, business valuations, and EBITDA through innovated solutions and strategies. Wayne began his insurance career in 2003 as a producer in GA. Wayne graduated from Augusta State University, where he played college baseball at ASU. He grew up in Athens, GA and attended Clarke Central High School. Wayne and his wife, Kelli have two beautiful girls, Avery and Kendall, and currently make their home in Athens. They are both huge UGA fans and members of Athens First United Methodist Church. Wayne enjoys golf, outdoor activities on the water, and traveling with the family. + BRIAN ROBINSON Sr. Client Executive Phone: (404) 232-5067 Email: brobinson@snellingswalters.com + Why Brian does what he does: To serve and encourage his family and others. Brian is responsible for directing the insurance carrier placement activities and servicing clients. In this role, he collaborates with clients and insurance carrier underwriting leaders to design risk management/insurance programs and services that align with Snellings Walters Insurance Agency clients and prospective clients. This allows him to use his passion for serving others to insure they have a comprehensive risk management/insurance program that will protect the client, their business, and their employees. Brian is married to Angela and has three children. He lives on a lake so you will find Brian on his boat fishing; he also enjoys cooking and trying new recipes. Brian attended Auburn University of Montgomery while he served in the Air Force as a security police specialist. He earned the Certified Authority on Works Comp (CAWC) designation in 2016 and his Certified Insurance Counselor CIC designation in 2023. 8/27/24 Page 3 of 16
+ LINDA CASEY Client Manager Phone: (470) 790-2287 Email: lcasey@snellingswalters.com + Why Linda does what she does: To challenge myself continually and inspire others toward excellence, never allowing for mediocrity. Linda has been in the insurance industry since 1983. She began her career in personal lines insurance and then made the transition to commercial lines insurance where she has spent the majority of her career handling a variety of accounts from main street businesses, lessors risk, a large amount of contractors and assisted with the handling of municipal insurance accounts. She has made it her priority to make customer service her number one goal using SWIA’s core values. Outside of work, Linda enjoys her family. + ASHLEY JARRELL, CISR Client Assistant Phone: (470) 790-2281 Email: ajarrell@snellingswalters.com + Why Ashley does what she does: To leave a positive impact on each and every relationship both personal and professional. Ashley is a Commercial Lines Client Assistant for Snellings Walters Insurance Agency. She has been in the Insurance Industry for 8 years. She enjoys assisting customers with any of their insurance needs. Ashley earned her Certified Insurance Service Representative designation in 2018. Outside of Snellings Walters she enjoys spending time with her family, friends, horses and dogs. 8/27/24 Page 4 of 16
MEETING OBJECTIVES How can we make this time meaningful for you today? 8/27/24 Page 5 of 16
TABLE OF CONTENTS Who We Are 2 Service Team 3 Meeting Objectives 5 Table Of Contents 6 Premium Summary 7 Named Insureds 8 General Liability 9 Commercial Excess Liability 12 Other Available Coverages 14 Feedback for SWIA 15 THIS DOCUMENT SUMMARIZES THE PROPOSAL FOR YOUR INSURANCE AND IS NOT A COMPLETE LIST OF EVERY FORM/ENDORSEMENT/EXCLUSION INCLUDED WITHIN THE POLICY. THIS IS NOT A CONTRACT. THE TERMS OF THE POLICY FORMS WILL CONTROL THE INSURANCE CONTRACT WITHOUT REGARD TO ANY STATEMENT MADE IN THE PROPOSAL. 8/27/24 Page 6 of 16
PREMIUM SUMMARY Expiring Renewal Description of Coverage Premium Premium General Liability $43,680.00 $44,564.00 Expiring: $8.18 Rate with $5,000,000 Sales Renewal: $8.35 Rate with $5,000,000 Sales Commercial Umbrella $25,844.00 $27,560.00 Premium Total $69,524.00 $72,124.00 Expiring Premium: Expiring premium including annualized endorsement changes. GL & Excess coverage does not include Terrorism coverage. To include Terrorism is an additional $3,970.12 Billing / Audit Information Description Selection Billing Agency Bill Annual or Premium Financed Audit Annual Conditions / Subjectivities GL Subjectivities: *Supplemental application – dated and signed ($5M receipts, Updated payroll) *Completed, signed and dated TRIA form *Acord application, dated and signed *Completion of the 22-23 audit Excess Subjectivities: *Properly Completed, Signed and Dated ACORD Applications 125 and 131. Required Within 10 Days of Binding. *Properly Completed, Signed and Dated Contractors Supplemental Application. Required Within 10 Days of Binding *TRIA Letter Signed and Dated by the applicant's Owner or Senior Officer. Required Within 10 Days of Binding. *Properly Completed, Signed and Dated Contractors Supplemental Application. Required Within 10 Days of Binding 8/27/24 Page 7 of 16
NAMED INSUREDS lla e r y b ilit m b l U ia ia c l L r a e r m e n m e o Named Insured G C Macon E. Gooch, III Building Consultants, Inc. Location Schedule Loc Bldg Address 1 1 1383 Duncan Lane, Auburn, GA 30011 Office 8/27/24 Page 8 of 16
GENERAL LIABILITY Named Insured Carrier / A.M. Best Rating Macon E. Gooch, III Building Consultants, Inc. United Specialty Insurance Co. Policy Dates Policy Number 9/1/2024 to 6/9/2025 ATN2336868 Coverage Detail Description Limits Per Occurrence $1,000,000 Annual Aggregate, Other Than Product $2,000,000 Annual Aggregate, Products & Completed Operations $2,000,000 Personal and Advertising Injury Aggregate $1,000,000 Fire Damage Liability $50,000 Medical Expense Each Claim Not Covered Schedule of Hazards Loc Bldg Premium Premium Class Code Classification Based On Basis 1 1 1383 Duncan Lane, Auburn, Georgia 30011 97652 Metal Erection Receipts 5,000,000 After binding, flat cancellation is not permitted. Minimum earned premium provision applies. 25% Minum Earned Premium 8/27/24 Page 9 of 16
Forms & Endorsements 8/27/24 Page 10 of 16
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COMMERCIAL EXCESS LIABILITY Named Insured Carrier / A.M. Best Rating Macon E. Gooch, III Building Consultants, Inc. United Specialty Insurance Co. Policy Dates Policy Number 9/1/2024 to 6/9/2025 BTN2330633 Coverage Detail Description Limits Per Occurrence $1,000,000 Annual Aggregate Limit $1,000,000 Underlying Coverages Policy Type Carrier / Policy # Policy Period Limits Automobile Liability Central Mutual Insurance 6/9/24 to 6/9/25 Combined Single Limit Company / BAP 8692167 13 $1,000,000 General Liability United Specialty Insurance Co. 9/1/24 to 6/9/25 Each Occurrence / ATN2336868 $1,000,000 General Aggregate $2,000,000 Products & Comp Ops $2,000,000 Pers & Adv Injury $1,000,000 Employers Liability Carolina Casualty Insurance 6/9/24 to 6/9/25 Each Accident Co / BNET911238210 $1,000,000 Disease Each Employee $1,000,000 Disease Policy Limit $1,000,000 After binding, flat cancellation is not permitted. Minimum earned premium provision applies. 25% Minum Earned Premium 8/27/24 Page 12 of 16
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OTHER AVAILABLE COVERAGES These coverages are currently not included or not provided, but we recommend you Consider. COVERAGE DESCRIPTION FLOOD/EARTHQUAKE Provides property coverage for losses caused by flood (including mudslide) and earthquake, tremors, or other earth movement (does not include sinkhole). CRIME/FIDELITY Provides coverage against losses of money, securities, and property by such causes as employee dishonesty, theft, burglary, robbery, extortion, or fraud. Deception Fraud: The intentional misleading of a person to include the Insured SOCIAL ENGINEERING to part with Money or Securities by someone pretending to be an Employee, owner of the Insured, or vendor, customer, custodian, or messenger. This deception could occur by phone or email. INLAND MARINE / Includes coverage for portable and/or technical equipment along with certain EQUIPMENT FLOATER office inventory; can include leased/rented equipment. EMPLOYMENT PRACTICES Protection for claims brought by employees for discrimination and hiring/firing LIABILITY practices – can include coverage for 3rd parties. Includes defense and settlement. DIRECTORS/OFFICERS Provides defense and settlement to protect officers and directors of an LIABILITY organization against damages from claims resulting from alleged negligent or wrongful acts. TRUSTEE/FIDUCIARY Liability protection for those who administer pension and welfare funds, profit- LIABLITY sharing, or other benefit programs against loss by errors or omissions. PROFESSIONAL LIABILITY Coverage for liability resulting from mistakes made by a professional (lawyer, engineer, etc.) or for mistakes made in a service business (real estate, insurance, etc.). CYBER/NETWORK Provides defense and settlement from claim of computer virus, malicious code, SECURITY/ computer theft, extortion, or other mistake or error by your employees on the DATA BREACH LIABILITY job. INVOICE MANIPULATION Provides coverage for when the customers or vendors of an Insured are tricked by a Bad Actor using legitimate email and data of the Insured to get the customer or vendor to alter a payment or delivery of products, services, or goods to the wrong location that is controlled by the Bad Actor. POLLUTION COVERAGE Provides coverage for costs related to pollutants – sudden and accidental release of hazardous materials. Typical coverage includes cleanup and restoration as well as your liability for injury and death resulting from a Pollution occurrence. The policy can be issued to cover your premises, other’s premises, ‘over the road’, or for a specific job. PRODUCT RECALL Provides coverage for expenses associated with recalling a product from the market. Product recall insurance is typically purchased by manufacturers to cover costs such as customer notification, shipping costs, and disposal costs. CREDIT INSURANCE Credit Insurance should be considered when transacting with vendors overseas (ACCOUNTS RECEIVABLE) as well as here domestically. Credit Insurance reimburses bad debt losses from insolvency and bankruptcy situations. 8/27/24 Page 14 of 16
FEEDBACK FOR SWIA Please share any input you have for our team. 8/27/24 Page 15 of 16
