E. COMPREHENSIVE BUTI..DER RISK INSURANCE

City Council Meeting · 2026-05-12 · agenda_item

This notice is about a requirement for comprehensive builder risk insurance for a project in the City of Cocoa. The contractor must carry this insurance, covering labor, materials, and equipment, for at least $2,000,000. This coverage is needed to protect against direct physical loss, excluding earthquake and flood. The insurance must remain active until a certificate of occupancy is issued for the work. This item is currently under review by the City Council. While no specific project details like location or scope are provided, the requirement for builder risk insurance suggests a construction project is planned. This could involve site preparation, utility work, building construction, and final landscaping. Local contractors, trades, suppliers, and service providers are encouraged to monitor this item's progress. Early awareness allows businesses to prepare for potential opportunities as project plans and bid packages are developed.

minimum amount

2,000,000 $