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May 11, 2023 City Council Regular Meeting |
Title 21. Approval of the 2023-2024 Airport Liability Insurance Program with Sterling Seacrest Pritchard, Inc., in the Amount of $1,210,669.80. |
Strategic Priority Good Government |
Description
Sterling Seacrest Pritchard, Inc. solicited quotes and has made the recommendation to bind coverage and renew each of the 14 insurance policies and 3 bond coverages the Commission has carried in previous years. This represents a 5.6% increase over last year’s insurance program mostly due to increased exposure from our additional passengers, facility updates, and blanket increases across the market.
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Recommendation
Approval
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Contact Dawoud Stevenson, Director, Program Management/IT |
Financial Impact Expenditure of $1,210,669.80 from the Airport Commission Fund |
Review Comments
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Attachments
No attachments available
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