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-2- <br /> 1 . <br /> 2-1 . Neither AID nor Sentry proposed an entire program, as <br /> Home did at a cost far below those of all competing proposers. <br /> Horne, and its agent, thus have the biggest stake in helping <br /> keep your record good so they can continue your insurance at <br /> lower over all cost. <br /> 2. If workmen's compensation experience proved bad, AID <br /> and Sentry would have no other more profitable coverage as <br /> a reason to continue on your risk rather than cancel. <br /> WILLIAM PEET CO. <br /> By William Peet /S <br /> Senior Consultant <br /> *Except underlying liquor liability of $300,000 in the Chicago Insurance Company. <br /> ANALYSIS <br /> For the sake of comparison, the following coverages are listed at basic limits <br /> shown in the specifications: <br /> Automobiles and contractors equipment (liability, "comprehensive" <br /> • and $250 deductible collision and upset ) <br /> General and liquor liability (latter at $300,000) <br /> General property (fire, extended coverage, vandalism and boiler) <br /> Voting machines <br /> Neon sign <br /> Fidelity, faithful performance and forgery ($25,000 each) <br /> Money and securities <br /> Business interruption <br /> Besides Home/Kenney, only one other proposer offered them all : Aetna Life <br /> and Casualty through the Swen Anderson Agency. Their annual cost of $31 ,566* <br /> compares with that recommended of $17,434*. <br /> Cavanagh Agency proposed through four companies, one of them AID, but failed <br /> to include fidelity, forgery, money and securities and theft. Even with those <br /> omissions, their estimated annual premium was $22,631-',. <br /> *All proposers used the same source as Kenney for liquor liability, although <br /> Cavanagh indicated the Western Casualty and Surety would provide it at a sub- <br /> stantially higher price and only as an adjunct to the general liability, where they <br /> were distinctly non-competitive. This is pertinent because the Chicago has a <br /> B+ ("very good") rating instead of the A+ or A ("excellent") called for by the <br /> specifications. In view of the other factors involved, however (especially the <br /> big overall price differential ), you can award the liquor liability to the Chicago <br /> without being subject to valid criticism. <br /> We recommend the following additional purchases from Home/Kenney <br />