ITEM NO: ______7d_Supp_______ 
DATE OF MEETING: September 24, 2013

Outline of Presentation 
Review of Liability Insurance Coverage 
Insurance Premium Factors
Premium Re-Cap 
Renewal Coverage Process 
Expiring Premium 2012-2013 
Renewal Issues 2013-2014

Liability Insurance Coverage 
Coverage      Description of Exposure Covered 
Law Enforcement    Police operations 
Public Officials       Wrongful acts of Port employees 
Employment       Wrongful acts of Port with respect to employees 
Practices 
Non-Aviation        Non-aviation operations 
Aviation             Airport operations only 
Auto               Automobile liability (Above what is self insured)

Liability Insurance Coverage 
Coverage      Description of Exposure Covered 
Fiduciary            Liability of managing employee benefit plans 
Foreign              Port employees who are in foreign countries 
Crime              Dishonest acts of Port employees 
Vessel                Police boat and other owned vessels 
Bonds              Self-insured pension bonds, notary bonds, custom
bonds, etc.. 
Excess Workers     Not purchasing. 
Compensation

Insurance Premium Factors 
Total operating-capital budget/payroll
Past losses and claims 
Strength of our indemnity agreements with tenants 
Indemnity/transfer in construction contracts 
Operations directly controlled by Port versus tenant
controlled operations

Insurance Premium Factors 
Size of automobile fleet and how utilized 
Inter-local agreements 
Number of employees and payroll 
Airport enplanements, Seaport TEUs, Rail link

Insurance Premium Factors 
Insurance markets 
External events 
Amount of Port's deductible 
Limits requested 
Special coverage requests

$700,000,000                                                                                                                               $1,600,000
Liability Insurance Premium Versus Total Revenue
$1,400,000
$600,000,000


$1,200,000
$500,000,000
Liability Premium

+P011 Revenue
$1,000,000

$400,000,000


$300,000,000


$200,000,000


$100,000,000


1             1             i             1             1             i             I             1             I
2004      2005      2006      2007      2008      2009      2010      201 1      2012      2013     2014 Est

Renewal Coverage Process 
Coverage will run 10/1/2013 to 9/30/2014 
Risk Management department networks with other
port and airport entities to check current limits,
deductibles, and coverage offered in the marketplace. 
Update of operations, and current claims and
litigation.

Renewal Coverage Process 
Port submits renewal information to the Port's broker,
who markets the account and solicits insurance bids
and coverage on the Port's behalf. 
Risk Management reviews insurance proposals and
discusses issues/costs with Division management prior
to binding coverage

Expiring Premium: 2012-2013 
Coverage Line        Limits                Deductible     Expiring Premium 
10/1/2012-9/30/2013 
Non-Aviation                $50 Million                   $1,000,000         $440,000 

Airport                        $300 Million                    $50,000             $282,000 
Police                         $10 Million                     $1,000,000          Included in Non-Aviation 

Auto                        Self Insured First Million      Self-Insured         No Premium  Self insured 

Vessels                        $ 1 Million                     $5,000              $21,000 
Public Officials and           $10 Million                     $1,000,000          Included in Non-Aviation 
Employment Practices 

Other Coverage: Crime,     Varies                        Varies              $38,000 
Fiduciary, Foreign, Bonds 
Total = $781,000

Coverage Issues For 2013-2014 
(To Be Finalized In Discussion With Divisions prior to 10/1/2013) 
Terrorism 
- Purchase for non-aviation liability policies 
Airport Limits 
- Keep at $500 Million 
Marine General Liability 
- Provide primary coverage for marina facilities 
Excess Worker Compensation 
- Not pursuing 
Cyber Liability Coverage 
- Reviewing options  looking at coverage options for industrial control 
system incidents

Operational Issues For 2013-2014 
(To Be Finalized In Discussion With Divisions prior to 10/1/2013) 
Real Estate Division 
- Eastside Rail Corridor and sale to Woodinville; Past 
operating volumes have not been significant enough to 
impact premium 
- Maintenance of East Marginal Way Grade Separation 
Aviation Division 
- Landside RCF Operations  Review incidents, loss 
projections, travel on non-Aviation roadways 
Renewal Estimate~ $800,000 to $815,000