Exhibit 3- Comparison12LOCKTON COMPANIES |Airport Liability - Premium ComparisonExpiring AIG Renewal AIG10/1/2022-23 10/1/2023-24Paper:National Union Fire Ins. Co. of Pittsburgh, PANational Union Fire Ins. Co. of Pittsburgh, PAPolicy Period:10/01/2022-23 10/01/2023-24AM Best Rating:A XV A XVPremium: $11,547 $12,702Commission:NET NETPolicy Form:CGL02 (2/05) CGL02 (2/05)Limits:Products / Completed Operations Aggregate Limit $10,000,000 $10,000,000Personal Injury and Advertising Injury Aggregate Limit $10,000,000 $10,000,000Premises Liability each Occurrence Limit $10,000,000 $10,000,000Fire Damage Limit Any One Fire $100,000 $100,000Medical Expense Limit Any One Person $10,000 $10,000Hangarkeepers Limit Any One Occurrence $10,000,000 $10,000,000Hangarkeepers Limit Any One Aircraft $10,000,000 $10,000,000Deductibles:Liability $1,000 PD Only $1,000 PD OnlyHangarkeepers $5,000 $5,000
13LOCKTON COMPANIES |Coverage Terms and Conditions AIG Expiring AIG RenewalBroad Form Named InsuredIncluded by endorsementIncluded by endorsementBroad Knowledge / Notice of Occurrence extended to insured's Risk and/or Insurance ManagerIncluded by endorsementIncluded by endorsementCargo Liability$500,000 Each Occurrence /$2,500 Deductible$500,000 Each Occurrence /$2,500 DeductibleContractual Liability Coverage - any contract entered into which is incidental to the operations of the Insured Contractual Liability as respects tort law and insured contractContractual Liability as respects tort law and insured contractCoverage for Noise & Pollution if caused by crash, fire, explosion, collision or recorded in-flight emergencyIncluded in policy formIncluded in policy formCoverage for reasonable force included where it is for the protection of persons or propertyIncluded in policy formIncluded in policy formCrisis Response Coverage$50,000 Each Event /$100,000 Aggregate$50,000 Each Event /$100,000 AggregateDate Change Recognition exclusion and limited write-back endorsementsIncluded by endorsementIncluded by endorsementDefense in addition to policy limitsIncluded in policy formIncluded in policy formDefinition of mobile equipment amended to include vehicles maintained for use primarily on or next to premises you own or rent including special use vehicles designed for operation on airportsIncluded in policy formIncluded in policy formExtended Coverage - War, Hijacking, and Other Perils - liability buy back endorsementCoverage not purchasedAvailable - subject to additional premiumFamily Assistance Expenses$500 Per Passenger$500 Per PassengerFellow employee exclusion deletedIncluded by endorsementIncluded by endorsementIncludes coverage for Host Liquor LiabilityIncluded in policy formIncluded in policy formIncludes coverage for Incidental Medical Malpractice LiabilityIncluded by endorsementIncluded by endorsementIncludes coverage for Mobile Equipment LiabilityIncluded in policy formIncluded in policy formIncludes coverage for On Airport Premises AutoIncluded by endorsementIncluded by endorsementInadvertent failure to submit reports or contracts or comply with any other notices shall not invalidate the insuranceIncluded by endorsementIncluded by endorsementNon-Owned Aircraft Liability$1,000,000 Limit / 10 Seat Limitation$1,000,000 Limit / 10 Seat LimitationNon-Owned Aircraft Property Damage$500,000 Limit /$5,000 Deductible /10 Seat Limitation$500,000 Limit /$5,000 Deductible /10 Seat LimitationSeparation of InsuredsIncluded in policy formIncluded in policy formTRIA Liability CoverageCoverage not purchasedAvailable - subject to additional premium30 Days Notice of Cancellation except 10 Days notice for Non-Payment of Premium90 Day Notice of Cancellation90 Day Notice of CancellationAirport Liability - Coverage Comparison
14LOCKTON COMPANIES |Aviation - MarketingMarket Line of Business ResponseAIG (Incumbent)Aviation LiabilityQuotedOld Republic AerospaceAviation LiabilityDeclined to quote – could not compete with AIG pricingGlobal AerospaceAviation LiabilityDeclined to quote – could not compete with AIG pricing.StarrAviation LiabilityAwaiting carrier feedback – Do not anticipate competitive terms or pricing.