E. As applicable, if Service Provider owns vehicles for transport to and from the

Planning & Zoning Board / Local Planning Agency Meeting · 2026-05-06 · agenda_item

The City of Cocoa is reviewing a Municipal Services Agreement and Lease with Greater Cocoa Community Partnership, Inc., d/b/a “Historic Cocoa Village Main Street.” This agreement outlines insurance requirements for the Service Provider, including automobile liability coverage of at least $500,000 for bodily injury and $500,000 for property damage. It also specifies that insurance carriers must have a Best’s Rating of A or better and a Best’s Financial Size Category of VIII or better, or a Standard & Poor’s rating of A- or better, and be authorized to do business in Florida. The agreement is currently under review by the Planning & Zoning Board. This review process could lead to a future agreement that will require the Service Provider to secure and maintain specific insurance policies. Businesses that provide insurance services, particularly those specializing in commercial and business insurance, may find opportunities related to meeting these requirements.

automobile liability coverage limit

500,000 combined single limit bodily injury

automobile liability coverage limit

500,000 property damage

Best's Rating

A or better

Best’s Financial Size Category

VIII or better

Standard & Poor Insurance Solvency Review

A- or better

notice period

30 days

notice period

10 days