|
|
| August 13, 2026 City Council Regular Meeting | |
| Title 55. Approval to Purchase 2026-2027 Property Liability Insurance with Sterling Seacrest Pritchard Inc., in the Amount of 1,736,899 | |
| Strategic Priority N/A | |
| Description Sterling Seacrest Pritchard, Inc., Savannah Airport Commission’s insurance broker of record, requested property liability insurance quotes for the 2026–2027 policy year. Our program's rate decreased by 11% compared to last year. However, the total premium increased due to the addition of the multi-tenant cargo facility. Upon receipt of the certificate of occupancy for the terminal expansion, the premium will increase by approximately $75,000. This policy will provide coverage of $200 million from Cincinnati, with another $206 million of excess coverage from various carriers. | |
| Recommendation Approval | |
| Contact | |
| Financial Impact Expenditure of $1,736,899 from Savannah Airport Commission Funds | |
| Review Comments | |
|
Attachments No attachments available |
|
|
