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<br />6.10 <br />~11fa1Jrf 5 <br /> <br />DRIVER SPECIALTY GROlJP <br /> <br />June 10, 2008 <br /> <br />Ms. Caroline McLaurin <br />Finance Department <br />City of Redwood City <br />1017 Middlefield Rd. <br />Redwood City, CA 94063 <br /> <br />2007-2008 CSAC EIA EXCESS WORKERS' COMPENSATION <br />PREMIUM ESTIMATES <br /> <br />Dear Caroline: <br /> <br />I am pleased to providing you with details of the CSAC EIA Excess Workers' Compensation <br />renewal. Provided below, is the estimated premium indication for 2008-2009. The numbers are <br />not yet finalized but will be within the next two weeks. Costs are usually slightly below these <br />final estimates. <br /> <br />2008 - 09 Estimated Premium Indication: <br />Self Insured Retention: $350,000 per occurrence <br /> <br />Deposit Premium Indications based on estimated payroll of $54,196,885 = $225,000 <br />Final premium may vary slightly due to final allocation of program costs, including final <br />excess costs. Premium is also subject to annual audit. <br /> <br />CURRENT COVERAGE DETAILS: <br /> <br />COVERED PARTY: <br /> <br />City of Redwood City <br /> <br />I. CSAC LIMITS OF LIABILITY <br /> <br />Excess Workers' Compensation <br /> <br />American Safety Casualty Insurance Company - A.M. Best Rating = A VIII <br />$1,000,000 Workers' Compensation and Employers Liability each occurrence <br />(difference between $1,000,000 and Redwood City's SIR of $350,000 <br /> <br />First Excess Layer: <br />CSAC Pooled Retention: <br />$4,000,000 Workers' Compensation and Employers Liability each occurrence <br /> <br />Alliant In~urance Services, Inc. . 600 Montgomery Street. 9th Floor. San Francisco, CA 94111-2711 <br />PHONE (415) 403-1400 . wv,rw.alliantinsurance.com . License No. OC36861 <br />