Account Executive - WikiLeaks · Web viewPlease review this section and the attached schedule for covered ... our insurer deductible under TRIA, we shall not be liable for the payment

Game Show Network, LLC

Insurance Proposal

For


Prepared by:

Sommer ChanadyAccount Executive

Irene McClearyAccount Manager

HUB International Insurance Services IncLicense No: 0757776

This proposal is for illustration purposes only. All coverages are subject to term, conditions, limitations and exclusions of the actual policy. In the event of discrepancy between this proposal and the policy, the policy will supersede this proposal.

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TABLE OF CONTENTS

Your HUB Service Team.................................................................................................................3Named Insured Listing....................................................................................................................5Commercial Property.......................................................................................................................6General Liability............................................................................Error! Bookmark not defined.Commercial Auto...........................................................................................................................10Crime Coverage...........................................................................................................................101DICE Portfolio Coverage..............................................................................................................12D&I/Fiduciary/EPL Coverage.......................................................................................................13Professional Liability.....................................................................................................................14Excess Liability...........................................................................................................................105Premium Summary and Payment Options.....................................................................................15Market Search Results...................................................................................................................18Terrorism Disclosure.....................................................................................................................20How We Get Paid..........................................................................................................................21The HUB Advantage.....................................................................................................................22Privacy Policy................................................................................................................................23


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YOUR HUB SERVICE TEAM

We know that as a savvy businessperson, you look for more than a reasonable price – that your insurance program must be comprehensive and thorough, backed by a commitment to service.

We are here to help you understand and minimize the risks your business faces, and creating an insurance program that addresses those risks at a competitive price. The professionals servicing your account:

Account Executive: Sommer Chanady - 714 - [email protected]

Account Manager: Irene McCleary - 951 - [email protected]

Claims Department [email protected] (877) 712-5246

ADDITIONAL SERVICES

The risks you and your business face are not limited to those provided by property and casualty insurance. As a full-service provider of insurance and related financial products, we also provide the following products and services:

Group Employee Benefits Homeowners Insurance Retirement Plans and Life Insurance Global/International Risks Group Retirement Programs/401K Personal Auto Insurance A Variety of Annuities and Investment Products Surety Bonds


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mailto:[email protected]


ABOUT HUB

HUB International is a leading brokerage providing a broad array of property, casualty, risk management, life and health, employee benefits, investment and wealth management products and services across North America.

We serve our client’s best interest through dynamic people, products and services. It’s simple. We represent you, the buyer. Our business model differs from our competitors in many ways. Each geographic hub is intended to be a stand alone servicing entity, providing the services and expertise to various target industries that are prominent in each geographic region.

We employ information technology to help clients manage risk, meet employee benefit goals, manage claims and save money.

We have clearly outlined our proposed coverage’s and services for your review and consideration. We trust you will find this proposal to be accurate and detailed in nature, and we look forward to working with you.

THE PURPOSE OF THIS PROPOSAL

A commercial insurance program is often complicated. We prepared this insurance proposal to briefly and simply summarize your program.

Any proposal sacrifices some detail for the sake of expediency. Since we could not restate your policies verbatim, we outlined the major features and provisions to provide you with a guide to your insurance program.

INFORMATION YOU PROVIDE

We have relied solely on the information you provided us to prepare this proposal. If any of the information you provided is inaccurate, the terms and conditions, premium, or event the availability of the insurance summarized here may be subject to change.

The quality of your insurance program depends on the accuracy of the information you provide us. There will be times when we require additional information to clarify our understanding of your business.

If at any time you have changes in your business operations, please notify us as soon as possible. This will help us prevent gaps in coverage, which in turn could lead to uninsured losses.


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FIRST NAMED INSURED

First Named Insured has specific rights and duties under insurance policies that do not apply to other Named Insured. These duties will be specified in the policies.

Named Insured


Additional Named Insureds

NameGame Show Network, LLC Game Show Enterprises, LLC Montana Production, LLC Georgina Productions, LLC Texas Game Ball, LLC Games Show Network Texas, LP Altadena Production, LLC Game Show Network Music, LLC GSN Music ,LLC Ventures, Inc. Skill Jam World Winner WorldWinner.com,Inc. Tea Games Texas Winnie, LLC Sony Pictures Cable Ventures, Inc. DTV Genius, Inc. Direct TV CPM Star Mesmo, Inc.

Please check to insure all appropriate entities are named. Any entity (including Partnerships, corporations, joint ventures, individuals, etc.) not listed above is not included as a Named Insured. Entities with limited interests in policies, such as those who are to be included as an Additional Insured, Loss Payee, Lessor, or Mortgagee, are listed in the relevant coverage sections.


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COMMERCIAL PROPERTY

The Commercial Property policy covers your buildings, contents or specified other property against perils defined by the form, subject to the terms of the policy. Coverage for off-premises property is limited.

GENERAL INFORMATION

Company Employers Fire Insurance Company (One Beacon)AM Best Rating A XIEffective Date 03/15/2013 Expiration Date 03/15/2014 Premium $20,789

POLICY LIMITS

Location# 1 2150 Colorado Avenue , Los Angeles CA

Bldg. #

Subject of Insurance

Limit Deductible Co-ins% Valuation Cause of Loss

1 Inventory/Stock $500,000 $5,000 100 Replacement Cost

Special (Including

Theft)1 Business Personal

Property$500,000 $5,000 100 Replacement

CostSpecial

(Including Theft)

1 Tenants Improvement & Betterments

$3,000,000 $5,000 100 Replacement Cost

Special (Including

Theft)1 Actual Loss

Sustained Business Income & Extra Expense

$1,500,000 72 Hours 100 Replacement Cost

Special (Including

Theft)

Location# 2 515 N. State Street , Chicago IL

Bldg. #




Special (Including

Theft)1 Tenants

Improvement & Betterments

$10,000 $5,000 100 Replacement Cost

Special (Including

Theft)1 Actual Loss

Sustained Business Income & Extra Expense - Specified Limit Coverage

$100,000 72 Hours 100 Replacement Cost

Special (Including

Theft)


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Location# 3 3030 Andrita Street , Los Angeles CA

Bldg. #




Special (Including



CostSpecial

(Including Theft)

1 Actual Loss Sustained Business Income & Extra Expense


Special (Including

Theft)

Location# 4 70 Innerbelt Road , Somerville MA

Bldg. #



1 Business Personal Property


Special (Including

Theft)1 Actual Loss



Special (Including

Theft)

Location# 5 71 Stevenson St., Suite 800 , San Francisco CA

Bldg. #




Special (Including



CostSpecial

(Including Theft)



Special (Including

Theft)


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Location# 6 21 Hickory Dr. 3rd Floor , Waltham MA

Bldg. #



1 Inventory/ Stock $100,000 $5,000 100 Replacement Cost

Special (Including



CostSpecial

(Including Theft)



Special (Including

Theft)

Location# 7 1065 Avenue of the Americas , New York NY

Bldg. #




Special (Including



CostSpecial

(Including Theft)



Special (Including

Theft)1 Actual Loss


$500,000 72 Hours 100 Replacement Cost

Special (Including

Theft)

Location# 8 1205 Technology Parkway, Suite B , Cedar Falls IA

Bldg. #



1 Business Personal Property


Special (Including

Theft)

Location# 9 241 18th Street, Ste. 500 , Arlington VA

Bldg. #




Special (Including

Theft)


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COMMERCIAL GENERAL LIABILITY

Applies to bodily injury or property damage arising from your negligence in business operations, subject to exclusions. The liability policy does not serve as a warranty for your work.

GENERAL INFORMATION

Company Liberty Mutual Fire Insurance Company AM Best Rating A XVEffective Date 03/15/2013 Expiration Date 03/15/2014 Premium $28,400

POLICY LIMITS

Coverage LimitGeneral Aggregate $2,000,000 Products/Completed Operations Aggregate $2,000,000 Personal Injury and Advertising Injury $1,000,000 Each Occurrence $1,000,000 Damage to Premises Rented to You (any one premises) $300,000 Medical Expense Sub-Limit (any one person) $5,000 Employee Benefits Liability - Aggregate $2,000,000Employee Benefits Liability- Each Occurrence/Each EE $1,000,000Employee Benefits Liability – Retroactive Date: 03/15/2008

TERMS & CONDITIONS

Policy Type: OccurrenceDeductibles: N/APremium Basis: See schedule next pageAudit Period: Annual

RATING BASIS

Classification Code Exposure Exposure Basis

Radio Or TV Broadcasting Stations 98596 355,000,000 SalesMotion Pictures-production-studios or outside-All ops prior to development of Negatives

98092 22,221,379 Payroll


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COMMERCIAL AUTOMOBILE

The Commercial Auto policy consists of various coverage’s designed to cover exposures arising from the use of specified autos. Coverage varies by auto. Please review this section and the attached schedule for covered autos and coverage’s provided.

GENERAL INFORMATION

Company Liberty Mutual Fire Insurance Company AM Best Rating A XVEffective Date 03/15/2013 Expiration Date 03/15/2014 Premium $1,507.00

POLICY LIMITS

Coverage Covered Auto Symbol LimitHired and Non-Owned Autos 8 & 9 $1,000,000

Covered Auto Symbol DefinitionsSymbol 1 Any Auto Symbol 2 All Owned AutosSymbol 3 Owned Private Passenger Autos Symbol 4 Owned Autos Other Than Private PassengerSymbol 5 All Owned Auto Which Require No Fault Coverage Symbol 6 Owned Autos Subject to Compulsory U.M. LawSymbol 7 Autos Specified on Schedule Symbol 8 Hired AutosSymbol 9 Non-Owned Autos

TERMS AND CONDITIONS

Hired Auto Physical Damage Coverage’s & Deductibles

Coverage Is: Primary Comprehensive: $1,000 DeductibleCollision: $1,000 Deductible

EXCLUSIONSPlease refer to policy for exclusions.


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CRIME COVERAGE`

Commercial Crime program consists of various forms that cover specific exposures. The limits and terms that follow are accompanied by brief explanations of the coverage.

GENERAL INFORMATION

Company Liberty Mutual Fire Insurance Company AM Best Rating A XVEffective Date 03/15/2012 Expiration Date 03/15/2013 Premium $11,310

POLICY LIMITS

Crime Coverage Each Claim RetentionA: Employee Dishonesty $1,000,000 $10,000B: Forgery or Alteration $1,000,000 $10,000C: Theft, Disappearance & Destruction $1,000,000 $10,000F: Computer Fraud $1,000,000 $10,000Funds Transfer Fraud $1,000,000 $10,000Money Orders And Counterfeit Paper Currency $1,000,000 $10,000Optional Coverage -Clients Property $1,000,000 $10,000Optional Coverage -Credit Card Forgery $500,000 $5,000

EXCLUSIONS

Please refer to policy for exclusions.


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DICE PORTFOLIO QUOTE

The Dice Commercial Property policy covers for direct physical loss of or damage to Covered Property from any of the Covered Causes of loss. The loss or damage must commence during the policy period.

GENERAL INFORMATION

Company Employers Fire Insurance Co.(One Beacon)Effective Date 03/15/2012 AM Best Rating A XIExpiration Date 03/15/2013 Premium $22,409

POLICY LIMITS

COVERAGE

Subject of Insurance Limit Deductible Co-ins% Valuation A.)Props, Sets & Wardrobe $1,000,000 $2,500 100 Replacement Cost B.) Extra Expense $1,500,000 $5,000 100 Replacement Cost C.) Third Party Property Damage $1,00,000 $2,500 100 Replacement Cost D.) Miscellaneous Equipment $1,500,000 $3,500 100 Replacement Cost E.) Negative Film $2,000,000 0 100 Replacement Cost F.)Faulty Stock & Camera Process $2,000,000 $7,500 100 Replacement Cost G.)Cast $1,000,000 $10,000 100 Replacement Cost

Subject of Insurance Limit DeductibleHardware $5,450,000 $5,000Software, Media $25,000 $5,000Extra Expense $25,000 $5,000

Subject of Insurance Limit DeductibleMoney & Currency $50,000 $5,000

Subject of Insurance Limit DeductibleCivil Authority Coverage (Named Perils- US & Canada) $100,000 $15,000

Subject of Insurance Limit DeductibleOffice Equipment & Furnishings $50,000 $2,500

Premium Rate Schedule:

Rate per $100 of GPC0.15 For the First $5,000,0000.15 Over $5,000,000Estimate Gross Production Cost: $5,000,000


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D&O/ FIDUCIARY & EMPLOYMENT PRACTICES LIABILITY

D&O policy provides coverage of individual Directors/Officers & the parent organization for “wrongful acts” as defined by the policy.

Employment Practice Liability insurance protects your organization from claims arising from alleged wrongful acts relating to employees, such as sexual harassment, discrimination, wrongful discharge, etc. These claims are typically excluded in general liability and workers’ compensation policies.

Fiduciary Liability coverage is designed to insure your exposure as the fiduciary of funds held in profit sharing, and other benefit programs.

GENERAL INFORMATION

Company Great American Insurance Company AM Best Rating A XIIIEffective Date 03/15/2011 Expiration Date 03/15/2012 Premium $83,008

POLICY LIMITS

Employment Practices Liability Coverage Each Claim RetentionEmployment Practices Liability $5,000,000 $50,000

$100,000 – Each Third Party Claim

Fiduciary Liability Coverage Each Claim RetentionFiduciary Liability Coverage- $1,000,000 Agg $5,000,000 Retention Retro Date: 03/15/2008

$5,000,000 $5,000

$25,000 Each Securities Claim

Executive Liability Coverage Each Claim Retention Insurance Agreement B &/or CDirectors & Officers Liability $5,000,000 $25,000-Each claim

TERMS & CONDITIONS

Type of Policy: Claims Made Prior & Pending Litigation Date 03/15/2008Defense Inside the limit

EXCLUSIONSPlease refer to policy for exclusions.


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PROFESSIONAL LIABILITY (ERRORS AND OMISSIONS)

Covers your legal liability for claims arising out of your rendering or failure to render professional services specified in the policy with regards to all “matter” broadcast by the “named insured”.

GENERAL INFORMATION

Company AXIS Surplus Insurance Company AM Best Rating A XVEffective Date 03/15/2012 Expiration Date 03/15/2013 Premium $97,636

POLICY LIMITS

Professional Liability Coverage Each Claim Aggregate RetentionMultimedia Liability Policy- Primary $5,000,000 $5,000,000 $100,000 – Each Loss

TERMS & CONDITIONS

Defense: Outside Policy Limit


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EXCESS LIABILITY

Covers catastrophic losses that exhaust the specified underlying liability policy limits. Umbrella Insurance differs from Excess in that it may drop-down to fill gaps in underlying policies.

GENERAL INFORMATION

Company St Paul Fire and Marine Insurance Co AM Best Rating A XVEffective Date 03/15/2013Expiration Date 03/15/2014 Premium $17,000

POLICY LIMITS

Coverage Limit of LiabilityGeneral Aggregate $10,000,000 Each Occurrence $10,000,000 Products/completed Operations Aggregate $10,000,000

TERMS & CONDITIONS

Policy Type: ExcessSelf Insured Retention: $10,000Defense Costs: In Addition to limitsFollow Form of Underlying Policies: Yes

UNDERLYING SCHEDULE OF POLICIES:

1. General Liability 2. Hired & Non-Owned Auto Liability3. Employers Liability4. Employee Benefits Liability

`EXCLUSIONSPlease refer to policy for exclusions.


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Game Show Network, LLCPREMIUM SUMMARY & PAYMENT OPTIONS

Premiums shown here are estimated annual premiums. They are based on the information you provided to us. In the event further underwriting information is received which changes the exposures, premium may be subject to change. Final premiums can be affected by audits, periodic reporting forms, retro and dividend plans, changes in your operations (new buildings, vehicles, equipment) and other factors.

ESTIMATED ANNUAL PREMIUMS

Coverage Expiring Premium New PremiumCommercial Property $19,816 $20,789DICE Portfolio Quote $41,339 $22,409Commercial Hired/Non-Owned Auto Liability $1,247 $1,507Commercial General Liability $28,000 $28,400Crime Coverage $10,958 $11,310Professional E & O Liability $88,235 $97,636 D&O/EPL/Fiduciary Coverage $65,918 $83,008Excess Liability $13,916 $17,000

Total $269,429 $282,059

*Overall Increase $12,630*25% increase on the EPLI/D & O.*10% Increase on E & O partially due to rate and partially due to payroll

Proposal Accepted by: Date: Name & Title

_____ I approve of receiving policies and other documentation, when available, via electronic mail.Please Initial. Please consider the ENVIRONMENT

Surplus Lines Disclosure

* This proposal provides surplus lines insurance by an insurer not otherwise authorized to transact business in California. This policy would not be subject to supervision, review or approval by the Department of Insurance. The insurance so provided would not be within the protection of any guaranty fund law of California designed to protect the public in the event of the insurer’s insolvency. You will sign an acknowledgement of this when the policy is ordered.


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PREMIUM SUMMARY & PAYMENT OPTIONS (Continued)

PAYMENT OPTIONS

Same as expiring year.

Liberty Mutual Policies, Auto, General Liability &Crime –Direct Bill-$25% Deposit & (8) Installments

All Other Policies – Agency Bill- Full Payment Due

It is the policy of HUB International, on all new or renewal business, to collect premiums in a timely manner. Deposit premiums for new policies are due with the policy order. Deposits for renewal are also due with the policy order, however, upon prior agreement with your agent, the due date may be extended up to (5) days from the renewal date, depending on the carrier. No client with an overdue outstanding balance will be renewed without written confirmation from the HUB International Accounting Department.

Our Invoices will indicate a due date for premiums to be received in our office within 15 days of either the billing or effective date. Please remember:

Premiums not paid will have late charges applied and are subject to cancellation unless a written agreement has been made with the HUB International Accounting Department.

If Premiums are paid late, you may not have insurance coverage. If your insurance policy cancels for non-payment, only the insurance company can reinstate your policy.

Our agency will request policy reinstatement, but we cannot guarantee reinstatement. If you have a dividend plan on one of your polices, many insurance carriers are reducing the dividend

each time your payment or monthly payroll reports are late.


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MARKET SEARCH RESULTS

Carrier Line of Business ResponseChubb GL, Property, Auto, DICE, Crime Declined- Could Not Compete with

One Beacon and Liberty’s pricingPhiladelphia GL, Property, Auto, Crime Declined- Not a market

American Safety GL, Property, Auto, Crime Declined – Could Not CompeteZurich Entertainment GL, Property, DICE, Auto, Crime Declined- Could Not Compete

Liberty Mutual GL, Auto, Crime Auto: $1,507GL: $28,400

Crime: $11,310One Beacon DICE and Property DICE: $22,409

Property: $20,789Great American EPLI/ D & O/Fiduciary Quoted $74,976 with a $100,000

deductible on the EPLIGreat American EPLI/ D & O/Fiduciary Quoted an option for a $100K

deductible on the EPLI and $50K deductible on D & O at $72,689.

-10% increase in premium compared to expiring. -$10,319 savings compared to the same terms as expiring.

Expiring terms have a $50K deductible on the EPLI and $25K on the D & O. The renewal premium per the expiring terms is $83,008 which is a 25% increase over the expiring premium.

AIG EPLI/ D & O/Fiduciary Indicated $80,000 with a $150,000 retention on the EPLI

Monitor/Berkley EPLI/ D & O/Fiduciary Declined Class of BusinessLiberty Mutual EPLI/ D & O/Fiduciary Declined Class of Business

HCC EPLI/ D & O/Fiduciary Minimum $150,000 EPLI retention on this class of business

RSUI EPLI/ D & O/Fiduciary Could quote excess but not primary

Torus EPLI/ D & O/Fiduciary Could quote excess but not primary

Axis EPLI/ D & O/Fiduciary Cannot Compete with current program

CV Starr EPLI/ D & O/Fiduciary Minimum $150,000 EPLI retention on this class of business

Euclid/Amtrust EPLI/ D & O/Fiduciary Cannot Compete with current program

Axis Professional Liability (E & O) $97,636One Beacon Professional Liability (E & O) Indicated- $110K


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Game Show Network, LLCTravelers Umbrella $17,000

Great American Umbrella Indicated $22,000

ADDITIONAL AVAILABLE COVERAGES

Quotes for the following additional coverages are available at your request. These coverages are not currently included.

Directors and Officers Liability (D&O) protects directors and officers of public, private, and not-for-profit corporations against loss (damages and defense costs) arising out of their status or conduct as directors or officers. Common claims allege breach of duty, security law violations, and unfair competition.

Employment Practices Liability (EPL) protects companies and individuals against loss (damages and defense costs) arising out of employment practice disputes. Common claims allege discrimination, sexual harassment, wrongful termination, and wrongful discipline.

Cyber Liability provides coverage for the cost of notification to your customers or employees should your Network Information be breached. It is mandatory in CA and many other states that formal notification be provided.


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DISCLOSURE PURSUANT TO TERRORISM RISK INSURANCE ACT

Terrorism Coverage and Premium

In accordance with the federal Terrorism Risk Insurance Act (as amended “TRIA”), we are required to make coverage available under your policy for “certified acts of terrorism.” The actual coverage provided by your policy(ies) will be limited by the terms, conditions, exclusions, limits, and other provisions of your policy(ies), as well as any applicable rules of law.

The portion of your premium attributable to this terrorism coverage is shown in the premium section(s) of this quote proposal.”

Definition of Certified Act of Terrorism

A “certified act of terrorism” means an act that is certified by the Secretary of the Treasury, in concurrence with the Secretary of State and the Attorney General of the United States, to be an act of terrorism under TRIA. The criteria contained in TRIA for a "certified act of terrorism" include the following:

1. The act results in insured losses in excess of $5 million in the aggregate, attributable to all types of insurance subject to TRIA; and

2. The act results in damage within the United States, or outside the United States in the case of certain air carriers or vessels or the premises of an United States mission; and

3. The act is a violent act or an act that is dangerous to human life, property or infrastructure and is committed by an individual or individuals acting as part of an effort to coerce the civilian population of the United States or to influence the policy or affect the conduct of the United States Government by coercion.

Disclosure of Federal Share of Terrorism Losses

The United States Department of the Treasury will reimburse insurers for 85% of that portion of insured losses attributable to certified acts of terrorism that exceeds the applicable insurer deductible. However, if aggregate industry insured losses under TRIA exceed $100 Billion in a Program Year (January 1 through December 31), the Treasury shall not make any payment for any portion of the amount of such losses that exceeds $100 billion. The United States government has not charged any premium for their participation in covering terrorism losses.

Cap on Insurer Liability for Terrorism Losses

If aggregate industry insured losses attributable to “certified acts of terrorism” under TRIA exceed $100 Billion in a Program Year (January 1 through December 31), and we have met, or will meet, our insurer deductible under TRIA, we shall not be liable for the payment of any portion of the amount of such losses that exceed $100 billion. In such case, your coverage for terrorism losses may be reduced on a pro-rata basis in accordance with procedures established by the Treasury, based on its estimates of aggregate industry losses and our estimate that we will exceed our insurer deductible. In accordance with the Treasury’s procedures, amounts paid for losses may be subject to further adjustments based on differences between actual losses and estimates.

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HOW WE GET PAIDHUB International takes pride in the services our brokerages provide to you, our client, for insurance and risk management programs. For our efforts we are compensated in a variety of ways, primarily in the form of commissions and contingency amounts paid by insurance companies and, in some cases, fees paid by clients or third parties. The means by which we are compensated are described below.

Commission income - Commission, normally calculated as a percentage of the premium paid to the insurer for the specific policy, is paid to us by the insurer to distribute and service your insurance policy. Our commission is included in the premium paid by you. The individuals at HUB International who place and service your insurance may be paid compensation that varies directly with the commissions we receive.

Contingency income - We also receive income through contingency arrangements with most insurers. They are called “contingent” because to qualify for payment we normally need to meet certain criteria, usually measured on an annual basis. Contingency arrangements vary, but payment under these agreements is normally the result of growing the business by attracting new customers, helping the insurance company gather and assess underwriting information and/or working to renew the policies of existing insureds. There is currently no meaningful method to determine the exact impact that any particular insurance policy has on contingency arrangements. However, brokers tend to receive higher contingency payments when they grow their business and retain clients through better service. In other words, the amount of earned contingency income depends on the overall size and/or profitability of all of a group of accounts, as opposed to the placement or profitability of any particular insurance policy. For this reason, the individuals involved in placing or servicing insurance are rarely, if ever, compensated directly for the contingent income that we receive.

Supplemental Commissions - Some insurance companies have recently replaced contingent commissions with supplemental commissions. These commissions, in fixed amounts, are established annually in advance based on historical performance measured by criteria comparable to those by which contingent commissions are calculated. We refer to these commissions as guaranteed supplemental commissions, or “GSCs”.

Fees paid by clients - On occasion, with more complex business insurance programs and where additional resources, products or services are appropriate, a fee may be negotiated for placement of insurance coverage or additional services. Fees charged for the placement of insurance will be outlined in a proposal and approved, usually in writing, prior to the insurer binding coverage. On occasion, we may receive both commissions and client-paid fees for placing insurance, which generally will be disclosed in writing to you in advance. In certain circumstances clients pay us mutually agreed-upon fees for additional services, such as third party administration of employee benefits or workers’ compensation programs.

Wholesale Operations - We own wholesale insurance brokerages in both the U.S and Canada. These are intermediaries through which other brokers, typically retail brokers that have a relationship and deal directly with their clients, place coverage. Our own retail brokers may place client policies through HUB-owned wholesale brokers. In such cases, both the HUB retail broker and the HUB wholesale broker will earn commissions, and they are included in the client’s premium payment. Ordinarily wholesale brokers, whether owned by HUB International or not, are included in the transaction because they offer products 7that are particularly suitable to a client’s needs that are not available through normal insurance brokerage retail channels.

Other Compensation and Benefits - We may receive revenue or further benefits from our insurance brokerage activities in other ways, including, but not limited to, from insurance company promotional events, payments from insurers for promotional marketing and/or employee training and development, fees or a percentage of the interest paid to us for the administration of premium finance contracts, interest paid to us by financial institutions earned on fiduciary or trust accounts in which we hold your premium payments pending remittance to the insurance company, and fees paid to us for policy and/or claims administration and/or loss control services that we provide.

Related Party Transactions - In limited circumstances, our subsidiaries or employees may have interests in insurers and reinsurers with whom policies are placed. We own a reinsurance broker that arranges reinsurance for carriers. It is possible that coverage placed by our retail brokers could be reinsured pursuant to placements made by our reinsurance subsidiary. Ownership of a reinsurance broker also creates an additional, mutually beneficial dimension to our relationships with insurance companies.

Customer Centric Carriers - We have access to the products and services of hundreds of insurers. However, we believe our ability to provide the best combination of products, service, value and ongoing access to capacity is enhanced by focusing on a manageable number of carrier relationships. These strategic relationships include many of the most respected national and regional insurance companies in the insurance industry (the “Strategic Carriers”). Although we will continue to access our other insurance company relationships where appropriate, we expect that many of our clients’ insurance needs may be met through the Strategic Carriers. The Strategic Carriers may pay us enhanced compensation, which we intend to use in part to invest in initiatives to improve our ability to serve our customers’ and to optimize their insurance buying experience. A portion of any enhanced compensation from our Strategic Carriers may be used to incentivize our employees to prioritize, investigate and access the products and services of our Strategic Carriers for the purpose of consolidating the number of insurance markets we deal with, while at the same time addressing the needs of our clients. More information regarding our Strategic Carrier relationships is available upon request from your HUB International insurance advisor or by visiting our website at www.HUBinternational.com.

Our goal is to be your insurance brokerage of choice. We know you have many brokerages to choose from, so to earn your confidence, we hold ourselves to the highest standard of service, a standard reflected in our written Client Commitment - we call it the “The HUB Advantage.” We hope you will review the principles embodied in The HUB Advantage, a copy of which is attached for your convenience. You should also feel free to visit our website at www.HUBinternational.com for more information regarding HUB International and how we do business.

Please also feel free to ask any questions about our compensation generally, or as to your specific insurance proposal or placement, by contacting your HUB broker or customer service representative directly, or by calling our client hotline at 1-866-857-4073.

We want you to choose a HUB International broker to be your insurance advisor – and we intend to make your decision an educated one.


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http://www.hubinternational.com/


The HUB AdvantageOur Client Commitment

HUB International is dedicated to maintaining and upholding the highest standards of ethical conduct and integrity in all of our dealings with you, our client. We want to be your trusted risk advisor, and as such, we need to earn your confidence. So we are making a promise. We call it the HUB Advantage. Our mission is to make the advantage yours – and this is our commitment.

We strive to secure the most favorable terms from insurers, taking into account all of the circumstances – the risk you need to insure, the cost of insurance, the financial condition of the insurer, the insurer’s reputation for service, and, of course, any other factors that are specific to your situation.

We are open and honest as to how we are paid for placing your insurance. Our answers to your questions will be forthright and understandable. When we intend to seek a fixed fee for our efforts, we will disclose it to you in writing and obtain your approval prior to coverage being bound.

You make the ultimate decision as to both the terms of, and the insurance company providing, your insurance coverage. Our objective is to provide you with choices that meet your insurance needs and to educate you so your decision is fully informed and best suited to your circumstances.

We comply with the laws of every jurisdiction in which we operate, including those that apply to how insurance brokerages and agencies are paid. If the laws change, we will respond in a timely and appropriate manner.

We take our responsibility to our customers very seriously. If at any time you feel that we are not fulfilling your expectations - not meeting our Client Commitment - please contact your account executive or call our toll free client hotline at 1-866-857-4073, and your concerns will be addressed as soon as possible.

The HUB Advantage. The privilege is ours, but the advantage is yours..


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PRIVACY POLICY

HUB International Limited and its family of companies appreciate your business and are committed to protecting the privacy of your personal information. We do not sell your personal information to anyone. The very nature of our business, however, sometimes requires that we collect or share certain personal information about you with others, such as insurance carriers and financial institutions. Accordingly, we are delivering this Privacy Policy to inform you about the information we may collect and disclose about you and the practices that we use in handling this information.

Information We May Collect

In order to service your account and better understand your needs, we may collect non-public personal identifiable information about you from the following sources:

o Applications or other completed forms that we receive from you (such as your name, address and social security number);o Your transactions with us, our affiliates, or other third parties (such as your payment history and claims information);o Our web sites or the Internet, including information obtained through the use of Internet “cookies”;o Consumer reporting agencies and state and federal government agencies, such as state motor vehicle departments;o Other sources, such as your employer, information clearinghouses, medical or health care providers and/or third parties.

The above is “Personal Information” for the purposes of the Privacy Notice. We may disclose Personal Information to affiliates and non-affiliated third parties as described in the following sections below.

Information We May Disclose

We may disclose all the Personal Information we collect as described above to companies that perform services on our behalf or to other financial institutions with whom we have joint marketing agreements. We may disclose your Personal Information to affiliated and non-affiliated third parties as necessary to process or service requested or authorized transactions, such as to secure quotation for insurance, obtain insurance coverage or to report or process claims. We do not otherwise disclose your Personal Information except to the extent permitted or required by law. We do not disclose Personal Information about you unless such information relates directly from our transactions or experiences with you, as described under the Fair Credit Reporting Act, such information we receive from consumer reporting agencies.

Personal Information About Health or Medical Conditions

We do not disclose or share Personal Information about your health, medical conditions or treatment except as necessary to process or service requested or authorized transactions or as otherwise permitted or required by law.

Former Customers & Additional Insureds

This Privacy Statement describes our privacy practices for both current and former customers. If there is more than one person insured under a policy, this Privacy Policy will only be sent to the named insured on that policy, but applies to all insureds. Any policyholder may request a copy of this Privacy Policy. If we provide more than one product or service to you, you may receive more than one copy of this Privacy Notice. We apologize for any inconvenience this may cause you.

Security

With respects to Personal Information that we maintain, we restrict access to such information to those employees or service providers who need to know such information in order to provide the requested services or products. We also maintain reasonable physical, electronic, and procedural safeguards that comply with federal regulations to guard Personal Information.


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Online Customers

You may find additional information about our practices with respects to the online collection of Personal Information at www.hubinternational.com

We appreciate your trust, and thank you for your business. You are a valued customer. If you have any questions about this Privacy Notice or would like more information, please contact us by writing to:

Ivy S. Fischer, General CounselHUB International Group Northeast Inc.1065 Avenue of the AmericasNew York, NY 10018(212) 338-2000

This notice is being provided by Hub International Insurance Services Inc.

4371 Latham Street, Suite #101Riverside, CA 92501(951) 788-8500

1600 E Florida Avenue, Suite 202Hemet, CA 92544(951) 765-3100

2300 Clayton Road, Ste #300Concord, CA 94520(925) 609-6500

40 East Alamar AvenueSanta Barbara, CA 93105(805) 682-2571

2393 Townsgate Rd., Ste 101Westlake Village, CA 91361(805) 480-9888

4128 S. Demaree, Suite AVisalia, CA 93277(559) 713-1570

1331 Morena Blvd, Suite #300San Diego, CA 92110(619) 275-6191

16766 Bernardo Center Dr, Ste #115San Diego, CA 92128(619) 675-6444

6701 Center Drive West, Ste #1500Los Angeles, CA 90045(310) 568-5900

700 South Flower, Suite #1520Los Angeles, CA 90017(800) 854-9402

101 California Street, Suite #950San Francisco, CA 94111(800) 245-2303

6415 So. 300 East, Suite #220Salt Lake City, UT 84121(801) 942-1430

180 N. Riverview DR., Ste 100Anaheim, CA 92808(800) 216-5506

10222 Lakewood BlvdDowney, CA 90241(877) 813-4726

200 West Fifth Street, Ste 270

Oxnard, CA 93030(805) 815-4000

4582 Katella Ave.Los Alamitos, CA 90720(562) 493-4411

2560 Professional ParkwaySanta Maria, CA 93455(805) 347-4700

935 Riverside Ave., Ste 7APaso Robles, CA 93446(805) 238-5212

470 East Highland AveRedlands, CA 92373(909) 793-2373

1091 North Shoreline Blvd., Ste 200Mountain View, CA 94043(650) 964-8000

81 Blue Ravine Rd., Ste 200Folsom, CA 95630(916) 784-9770

11149 Brockway Rd., Ste 101Truckee, CA 96161(530) 587-3503

398 Foam Street, #A & B1Monterey, CA 93940(831) 373-3106


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Account Executive - WikiLeaks · Web viewPlease review this section and the attached schedule for covered ... our insurer deductible under TRIA, we shall not be liable for the payment

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