4. ADDITIONAL INSURANCE

Panama City Port Authority · 2026-05-21 · agenda_item

The Panama City Port Authority is reviewing new insurance requirements for contractors. These requirements cover various types of liability, property, and specialized coverage, including professional liability, property coverage for leases, commercial general liability, liquor liability, owner's protective liability, builders risk, installation floater, motor truck cargo, contractor's equipment, fidelity/dishonesty, electronic data liability, garage liability, garage keepers, damage to rented premises, watercraft liability, aircraft liability, pollution legal liability, and specific workers compensation endorsements like US Longshoremen and Harbor Workers Act and Jones Act coverage. This item is currently under review. The adoption of these insurance requirements could lead to future construction, renovation, or operational projects at the Port Authority. Businesses such as general contractors, specialty trade contractors, suppliers of materials and equipment, and insurance providers could be impacted. Engaging with the Port Authority early in this review process may offer an advantage as specific project details and contract requirements are finalized.