Previous Item Print Next Item

March 27, 2025 City Council Regular Meeting
Title
38. Approval of the 2025-2026 Airport Liability Insurance Program with Sterling Seacrest Pritchard, Inc., in the Amount of $1,132,941.
Strategic Priority
Good Government
Description

Sterling Seacrest Pritchard, Inc. solicited quotes and has made the recommendation to bind coverage and renew the expiring 11 insurance policies and three bond coverages the Commission has carried in previous years. We have several discounted multi-year policies that are up for renewal this year, and our property insurance will run through July 2025. This total represents a 20% increase over these same policies in last year’s insurance program, mostly due to increased exposure from our additional passengers and revenue, several large claims, and blanket increases across the market.

Recommendation

Approval

Contact
Mr. Dawoud Stevenson, Sr. Director, Program Management
Financial Impact
Expenditure of $1,132,941 from Savannah Airport Commission Funds
Review Comments
Attachments

No attachments available

Agenda Plus