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Home My WebLink About08.c EDB Property and Casulty Insurance Renewal FY26-27 EXECUTIVE SUMMARY AGENDA ITEM: Request for Property and Casualty Insurance Renewal for Fiscal Year 2026/2027 Date: September 1, 2026 BACKGROUND: Clay County Utility Authority (CCUA) received a renewal premium summary from Brown & Brown "B&B" that quoted $1,488,431 for renewal of Property, Inland Marine, Crime, General Liability, Automobile, Public Officials, Workers Compensation, Material Floater, and Pollution Policies. The quoted renewal premiums reflect an overall decrease of$114,749 or 7%below the 2025/2026 renewal premiums of$1,603,180. The difference in premium quoted by B&B reflects increases in total insured values for real property from $276,479,418 to $313,101,342, a 13.25% increase due to new capital construction, and Inland Marine, payroll, and automotive values. Substantial coverage improvements obtained include a decrease in the Named Windstorm Deductible from 5% to 3%. BUDGET: The renewal premium falls within the proposed budget for Fiscal Year 2026/2027. 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) //KO, KR(Review) //KR(Final) Covered Party: Clay County Utility Authority Effective Date: 10/1/2026 % Brown&Brown Version Date: 8/25/2026 INSURANCE' - 2025/2026 127 Changes in Exposures NNUANNUA LINE OF COVERAGE L. LIMIT DEDUCTIBLE/SIR iAPREML DEDUCTIBLE/SIR APREML 2025/2026 2026/2027 Property: Preferred Govt'l Ins Trust Blanket Buildings&Contents $ 276,479,418 $ 10,000 $ 911,788 $ 313,101,342 $ 10,000 $ 921,821 Pro erty Equipment Breakdown $ 100,000,000 $ 10,000 $ 100,000,000 $ 10,000 Exposure $ 36,621,924 Excess Flood $ - $ - Difference 13.25% Earth Movement $ 1,000,000 $ 10,000 $ 1,000,000 $ 10,000 Premium $ 10,033 Named Windstorm 5%/$35,000 Minimum 3%/$35,000 Minimum Difference 1.10% Accounts Receivable $ 500,000 $ 10,000 $ 1,000,000 $ 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 Communications Equipment Included $ 5,000 $ 22,370 Included $ 5,000 $ 10,324 $ 4,180,792 $ 5,129,549 Mobile Equipment $ 3,180,792 $ 5,000 $ 3,629,549 $ 5,000 Exposure $ 948,757 Electronic Data Processing Included $ 5,000 Included $ 5,000 Difference 22.69% Emergency Services Portable Equip Included $ 5,000 Included $ 5,000 Premium $ (12,046) Other Inland Marine Included $ 5,000 Included $ 5,000 Difference -53.85% 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 1,000,000 $ 5,000 _ Sub-Total $ 934,158 Sub-Total $ 932,145 Crime:- Preferred Govt'l Ins Trust Employee Dishonesty $ 250,000 $ 5,000 $ 1,227 $ 250,000 $ 5,000 $ 1,200 Theft,Disappearance&Destruction In/Out $ 50,000 $ 5,000 $ 250,000 $ 5,000 Forgery/Alterations $ 100,000 $ 5,000 $ 250,000 $ 5,000 Sub-Total $ 1,227 Sub-Total $ 1,200 General Liability: ' Pa roll Preferred Govt'l Ins Trust $16,264,631 $17,750,928 General Liability $ 2,000,000 $ - $ 211,239 $ 2,000,000 $ - $ 107,229 Exposure $ 1,486,297 Employee Benefits $ 2,000,000 $ - Included $ 2,000,000 $ - Included Difference 9.14% Deadly Weapon Protection $ 1,000,000 $ - Included $ 1,000,000 $ - Included Premium $ (104,010) Difference -49.24% Sub-Total $ 211,239 Sub-Total $ 107,229 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. 2025/2026 Changes in Exposures LINE OF COVERAGE LIMIT DEDUCTIBLE/SIR APREML LIMIT DEDUCTIBLE/SIR APREML 2025/2026 2026/2027 Automobile: Vehicles Preferred Govt'I Ins Trust 160 I 158 Total Insured Value Auto Liability $ 2,000,000 $ - $ 114,638 $ 2,000,000 $ - $ 110,007 $6,218,837 I $7,009,002 Uninsured Motorist Not Covered Not Covered Vehicles Comprehensive/Collision Symbol 10,8 $ 5,000 $ 47,379 $ 5,000 $ 55,716 Exposure I -2 Hired Physical Damage $ 50,000 $ - $ 50,000 $ - Difference -1.25% Medical Payments Not Included Not Included Total Insured Value Exposure $790,165 Difference 12.71% Premium $ 3,706 Sub-Total $ 162,017 Sub-Total $ 165,723 Difference 2% Public Ofl Payroll Preferred Govt'l Ins Trust $16,264,631 $17,750,928 Public Officials Liability $ 5,000,000 $ 10,000 $ 71,096 $ 5,000,000 $ 10,000 $ 61,622 Employment Practices Liability $ 5,000,000 $ 25,000 Included $ 5,000,000 $ 25,000 Included Cyber Liability $ 2,000,000 $ 25,000 $ 2,591 $ 2,000,000 $ 25,000 $ 2,850 Exposure $ 1,486,297 Cyber Crime $ 500,000 $ 25,000 Included $ 500,000 $ 25,000 Included Difference 9.14% Premium $ (9,215) Sub-Total $ 73,687 Sub-Total $ 64,472 Difference -13% Workers'Compensation: Pa roll Preferred Govt'I Ins Trust 25/26 Payroll: $16,264,631 26/27 Payroll: $17,750,928 $16,264,631 $17,750,928 Experience Mod:.76 Experience Mod:.82 Exposure $ 1,486,297 Workers'Compensation Statutory $ - $ 132,184 Statutory $ - $ 128,806 Difference 9.14% Employers Liability $1m/$1m/$1m $ - Included $1m/$1m/$1m $ - Included Premium $ (3,378) $ 132,184 $ 128,806 Difference -2.56% Material Floater: Travelers Material Floater $ 2,000,000 $ 2,500 $ 9,180 $ 2,000,000 $ 2,500 $ 9,460 Flood $ 1,000,000 $ 10,000 $ 1,000,000 $ 10,000 State Fees $ 92 State Fees $ - Premium $ 188 Sub-Total $ 9,272 Sub-Total $ 9,460 Difference 2.03% Pollution: Total Insured Value Indian Harbor $276,479,418 $313,101,342 Each Pollution Condition/Aggregate $1,000,000/$1,000,000 $ 100,000 $ 78,610 $1,000,000/$1,000,000 $ 100,000 $ 78,610 Exposure $ 36,621,924 TRIA $ 786 $ 786 Difference 13.25% Sub-Total $ 79,396 Sub-Total $ 79,396 Premium $ - Difference 0.00% TOTAL PREMIUM ■ $1,603,180 $1,488,431 %Change f -$114,749 -7% 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.