Exhibit 4- Broker Recommendation Letter
LOCKTON COMPANIES 214.969.6700
2100 Ross Avenue, Suite 1400, Dallas, TX 75201-6706 lockton.com
12/10/2021
City of Denton
215 E McKinney
Denton, TX 76201
Re: City of Denton 12/31/2021-22 Excess Casualty Renewal Proposal
To Whom it May Concern:
Thank you for the opportunity to assist the City of Denton with the 12/31/2021-22 Excess Casualty
insurance policy renewal.
The incumbent, Argonaut Insurance Company, has pulled out of the general liability insurance sector in
regard to municipalities and thus was not able to provide renewal terms this year. In turn, Lockton went to
market on the packaged excess casualty placement. Lockton approached ten markets on the City’s behalf
for this placement. Safety National provided the most competitive quote, at $341,509, including taxes and
fees. The below chart evidences premium by line of coverage. This is a 44% increase compared to the
expiring program. This increase is due to the continuing hardening of the market. In order to bind the
excess Workers’ Compensation coverage, Safety National must bind the below placements as well.
Line of Business Premium
General Liability $68,882
Auto Liability $72,898
Public Officials Liability $55,909
Law Enforcement Liability $77,101
Excess Liability $60,168
Total Premium (Excl. Taxes/Fees) $334,958
Taxes/Fees $6,551
Total Premium (Incl. Taxes/Fees) $341,509
Lockton recommends the City renew its Excess Casualty Insurance with Safety National, Excluding
Terrorism Coverage, for a total annual premium (incl. taxes & fees) of $341,509.
Sincerely,
Neil Cohen
Senior Vice President, Practice Leader
Lockton Companies.
LOCKTON COMPANIES 214.969.6700
2100 Ross Avenue, Suite 1400, Dallas, TX 75201-6706 lockton.com
12/10/2021
City of Denton
215 E McKinney
Denton, TX 76201
Re: City of Denton 12/31/2021-22 Excess Workers’ Compensation Renewal Proposal
To Whom it May Concern:
Thank you for the opportunity to assist the City of Denton with the 12/31/2021-22 Excess Workers’
Compensation insurance policy renewal.
Police and Fire employees are still a large concern in the Worker’s Compensation marketplace.
Carriers are consistently looking for higher retentions for this class of employees. The City of
Denton has suffered several large workers’ compensation claims over the last few years with the
last one being the unfortunate shooting of one of your police officers.
Lockton approached 12 markets for this renewal. Ten markets declined as they will not write
municipalities or monoline workers’ compensation. Lockton was able to obtain quotes from two (2)
carriers: Safety National and Midwest Employer’s Casualty (the incumbent). Safety National was
able to provide renewal terms for $183,573, including taxes and fees. In order to obtain casualty
coverage for this renewal as well, Denton would need to bind this option to continue having
coverage for all expiring lines.
Lockton recommends the City renew its Excess Workers’ Compensation Insurance with Safety
National for a total annual deposit premium of $183,573.
Thank you for the opportunity to work with the City of Denton. Please let us know if you have any
questions regarding this renewal.
Sincerely,
Neil Cohen
Senior Vice President, Practice Leader
Lockton Companies.
LOCKTON COMPANIES 214.969.6700
2100 Ross Avenue, Suite 1400, Dallas, TX 75201-6706 lockton.com
12/10/2021
City of Denton
215 E McKinney
Denton, TX 76201
Re: City of Denton 12/31/2021-22 Auto Physical Damage Renewal Proposal
To Whom it May Concern:
Thank you for the opportunity to assist the City of Denton with the 12/31/2021-22 Auto Physical
Damage insurance policy placement.
Safety National, who we recommend the City binds their Excess Workers’ Compensation and their
Excess Liability policies with, has provided an Auto Physical Damage quote for $137,068, including
taxes and fees. This is a new placement for the City that would enhance their coverage.
Lockton recommends the City renew its Auto Physical Damage Insurance with Safety National, for a
total annual premium (incl. taxes & fees) of $137,068.
Sincerely,
Neil Cohen
Senior Vice President, Practice Leader
Lockton Companies.