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DocuSign Envelope ID:A4C366A3-F5D9-473B-9218-AF49BCCA02E0 <br /> Based on the above comparison, we would recommend the guaranteed cost <br /> option for $885,450. While you may surrender some control of claims handling <br /> you have a sum certain/fixed cost for your policy year outside of any payroll audit. <br /> Given the loss history the volatility may not be worth the savings to go self-funded <br /> which would be our second option. A self-insured program should provide long- <br /> term savings and allow the County more control over the claims handling. As <br /> your broker Willis would help you select a Third Party Administrator to handle the <br /> claims on your behalf. We would also guide you through the transition to this type <br /> of program. Our goal is to be a long-term partner of the County to help you <br /> capture as much savings and control as possible over your program. <br /> Assuming all the data points above are correct the 3rd option would be your <br /> current structure with the $150,000 deductible. Given the fixed costs and the <br /> average clairns cost this program does not provide much savings from the <br /> guaranteed cost program yet creates much, more volatility and exposure for large <br /> payouts. <br /> As mentioned earlier, our goal is to partner with Orange County to minimize <br /> your total cost of risk rather than simply transferring it. By using an approach <br /> that is consultative in nature, our solutions will address more than the cost of <br /> insurance premiums, Our services include risk assessment, risk strategy, <br /> program design, risk transfer transactions, TPA selection and evaluation, <br /> vendor management, risk control services and development of policies and <br /> procedures <br /> Orange County—Request for Broker Qualifications and Conceptual Proposal-September 23,2014 26 <br />