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Home My WebLink About09.b EDB Casualty Insurance Renewal for Fiscal Year 25-26 EXECUTIVE SUMMARY AGENDA ITEM: Request for Property and Casualty Insurance Renewal for Fiscal Year 2025/2026 Date: August 19, 2025 BACKGROUND: Clay County Utility Authority (CCUA) received a renewal premium summary from Brown & Brown (B&B) on August 13, 2025. B&B quoted $1,603,180 for renewal of Property, Inland Marine, Crime, General Liability,Automobile, Public Officials, Workers Compensation, Material Floater, and Pollution policies. The quoted renewal premium reflects an overall increase of$26,048, or 1.7%, over the expiring premium of$1,577,132. The increase is almost entirely due to additional insured values on the inland marine and automobile policies. BUDGET: This renewal premium falls within the approved budget for Fiscal Year 2025/2026. RECOMMENDATION: Staff request the Board of Supervisors accept the insurance quote and authorize staff to renew the insurance policies. ATTACHMENTS: Insurance premium summary from Brown&Brown //SJ(Author) //JW,KR(Review) //KR(Final) Covered Party: Clay County Utility Authority Brown&Brown Effective Date: 10/1/2025 INSURANCE' Version Date: 8/13/2025 2024/2025 IMII Changes in Exposures LINE OF COVERAGE LIMIT DEDUCTIBLE/SIR ANNUAL DEDUCTIBLE/SIR ANNUAL 2024/2025 2025/2026 PREM PREM Property: Preferred Govt'I Ins Trust Blanket Buildings&Contents $ 273,281,395 $ 10,000 $ 901,403 $ 276,479,418 $ 10,000 $ 911,788 Property Equipment Breakdown $ 100,000,000 $ 10,000 $ 100,000,000 $ 10,000 Exposure $ 3,198,023 Excess Flood $ - $ - Difference 1.17% Earth Movement $ 1,000,000 $ 10,000 $ 1,000,000 $ 10,000 Premium $ 10,385 Named Windstorm 5%/$35,000 Minimum 5%/$35,000 Minimum Difference 1.15% Accounts Receivable $ 500,000 $ 10,000 $ 500,000 $ 10,000 Additional Expense $ 5,000,000 $ 10,000 $ 5,000,000 $ 10,000 Business Income $ 1,000,000 $ 10,000 $ 1,000,000 $ 10,000 Errors&Omissions $ 1,000,000 $ 10,000 $ 1,000,000 $ 10,000 Demolition&Increased Cost of Construction $ 1,000,000 $ 10,000 $ 1,000,000 $ 10,000 Inland Marine: ' Inland Marine Communications Equipment Included $ 5,000 $ 19,151 Included $ 5,000 $ 22,370 $ 3,580,579 $ 4,180,792 Mobile Equipment $ 2,580,579 $ 5,000 $ 3,180,792 $ 5,000 Exposure $ 600,213 Electronic Data Processing Included $ 5,000 Included $ 5,000 Difference 16.76% Emergency Services Portable Equip Included $ 5,000 Included $ 5,000 Premium $ 3,219 Other Inland Marine Included $ 5,000 Included $ 5,000 Difference 16.81% Rented Borrowed Leased Equipment $ 500,000 $ 5,000 $ 500,000 $ 5,000 Valuable Papers Included $ 5,000 Included $ 5,000 Watercraft Not Covered $ 5,000 Not Covered $ 5,000 Blanket Unscheduled Inland Marine $ 500,000 $ 5,000 $ 500,000 $ 5,000 Sub-Total $ 920,554 Sub-Total $ 934,158 Crime: Preferred Govt'I Ins Trust Employee Dishonesty $ 250,000 $ 5,000 $ 1,228 $ 250,000 $ 5,000 $ 1,227 Theft,Disappearance&Destruction In/Out $ 50,000 $ 5,000 $ 50,000 $ 5,000 Forgery/Alterations $ 100,000 $ 5,000 $ 100,000 $ 5,000 Sub-Total $ 1,228 Sub-Total $ 1,227 General Liability Payroll Preferred Govt'I Ins Trust $15,887,834 $16,264,631 General Liability $ 2,000,000 $ - $ 215,943 $ 2,000,000 $ - $ 211,239 Exposure $ 376,797 Employee Benefits $ 2,000,000 $ - Included $ 2,000,000 $ - Included Difference 2.37% Deadly Weapon Protection $ 1,000,000 $ - Included $ 1,000,000 $ - Included Premium $ (4,704) Difference -2.18% Sub-Total $ 215,943 Sub-Total $ 211,239 This proposal is intended to give a brief overview.Higher limits may be available.Please refer to coverage forms for complete details regarding definition of terms,exclusions and limitations. 2024/2025 I I ° Changes in Exposures LINE OF COVERAGE LIMIT DEDUCTIBLE/SIR ANNUAL LIMIT DEDUCTIBLE/SIR ANNUAL 2024/2025 2025/2026 PREM - PREM Automobile: Vehicles Preferred Govt'l Ins Trust 147 I 160 Total Insured Value Auto Liability $ 2,000,000 $ - $ 101,847 $ 2,000,000 $ - $ 114,638 $5,141,441 I $6,218,837 Uninsured Motorist Not Covered Not Covered Vehicles Comprehensive/Collision $ 5,000 $ 40,907 $ 5,000 $ 47,379 Exposure 13 Hired Physical Damage $ 50,000 $ - $ 50,000 $ 5,000 Difference 8.84% Medical Payments $ 5,000 $ 5,000 Total Insured Value Exposure $1,077,396 Difference 20.96% Premium $ 19,263 Sub-Total $ 142,754 Sub-Total $ 162,017 Difference 13% Public Officials: db. Payroll Preferred Govt'l Ins Trust $15,887,834 $16,264,631 Public Officials Liability $ 5,000,000 $ 10,000 $ 67,158 $ 5,000,000 $ 10,000 $ 71,096 Employment Practices Liability $ 5,000,000 $ 25,000 Included $ 5,000,000 $ 25,000 Included Cyber Liability $ 2,000,000 $ 25,000 $ 2,356 $ 2,000,000 $ 25,000 $ 2,591 Exposure $ 376,797 Cyber Crime $ 350,000 $ 25,000 Included $ 350,000 $ 25,000 Included Difference 2.37% Premium $ 4,173 Sub-Total $ 69,514 Sub-Total $ 73,687 Difference 6% Workers'Compensation: Payroll Preferred Govt'l Ins Trust 24/25 Payroll: $15,887,834 25/26 Payroll: $16,264,631 $15,887,834 $16,264,631 Experience Mod:.95 Experience Mod:.76 Exposure $ 376,797 Workers'Compensation Statutory $ - $ 142,858 Statutory $ - $ 132,184 Difference 2.37% Employers Liability $1m/$1m/$1m $ - Included $1m/$1m/$1m $ - Included Premium $ (10,674) $ 142,858 $ 132,184 Difference -7.47% Material Floater: Travelers Material Floater $ 2,000,000 $ 2,500 $ 8,580 $ 2,000,000 $ 2,500 $ 9,180 Flood $ 1,000,000 $ 10,000 $ 1,000,000 $ 10,000 State Fees $ 86 State Fees $ 92 Premium $ 606 Sub-Total $ 8,666 Sub-Total $ 9,272 Difference 6.99% Pollution: Total Insured Value Indian Harbor $273,281,395 $276,479,418 Each Pollution Condition/Aggregate $1,000,000/$1,000,000 $ 100,000 $ 74,866 $1,000,000/$1,000,000 $ 100,000 $ 78,610 Exposure $ 3,198,023 TRIA $ 749 $ 786 Difference 1.17% Sub-Total $ 75,615 Sub-Total $ 79,396 Premium $ 3,744 Difference 4.95% TOTAL PREMIUM 1. , 111.111 $1,603,180 %Change ---= This proposal is intended to give a brief overview.Higher limits may be available.Please refer to coverage forms for complete details regarding definition of terms,exclusions and limitations.