3. General Policy Condition 7 Claims, Occurrences or Suits Amendment - This updated form outlines the

Board of County Commissioners Meeting · 2026-04-21 · agenda_item

This item concerns a proposed amendment to General Policy Condition 7, which outlines the county's responsibilities for reporting losses and how an insurance carrier can take over the investigation, defense, or settlement of claims. The county is reviewing its insurance policies, including Excess Workers Compensation and Auto programs, and has received quotes from various carriers. This review process involves assessing different coverage options, self-insured retentions, and premiums. The county is currently in the process of reviewing these insurance proposals, which could lead to changes in coverage and costs for county operations. This early stage in the review process presents an opportunity for insurance brokers, risk management consultants, and legal services specializing in public entity insurance to engage with the county. Early involvement can help businesses understand the county's needs and potentially influence future policy decisions and service provider selections.

premium increase

9 %

premium increase

8.2 %

auto count

7 %

blended exposures

3 %

minimum premium

1,000,000 $

renewal premium

241,950 $

renewal premium

261,900 $

renewal premium

266,895 $

higher than incumbent

19,754 $

Police/Fire retentions

750,000 to $1,000,000

rate increase

12.3 %

total incurred

820,000 $

minimum SIR for Fire and Police

2 million

minimum SIR for all other classes

1 million

lowest SIR

1.5 million

premium

350,000 $

SIR

650,000 $

SIR

850,000 $

rate increase

4.92 %

rate increase

7.04 %

payroll

83,390,152 $

payroll decrease

24.62 %

SIR

1.25 million

SIR

850k

SIR

1M

SIR

750k

rate

.365

premium

403,771 $

rate

.3387

premium

282,442 $

rate

.3281

premium

273,603 $

rate

.2986

premium

249,003 $

rate

.3417

premium

285,649 $

pro-rated premium

119,733 $

claims

three

total paid

2,900,313.68 $

total incurred

2,900,313.68 $

total paid

502,859.59 $

total incurred

945,000.00 $

total paid

433,843.43 $

total incurred

820,000.00 $

new Sundance Skiff value

45,663 $

increase in exposure

45.723 %

renewal premium

8,623 $

increase in premium

37.5 %

total insured value

160,531 $

% change

338 %

total insured value

703,224 $

Jon Boat deductible

500 $

Nautica deductible

750 $

Carolina Skiff deductible

1,000 $

Outboard Motor deductible

1,000 $

Sundance Skiff deductible

2,500 $

Challenger deductible

5,000 $

Walk Around Cabin deductible

7,500 $

Named Storm deductible

20,000 $

Walk Around Cabin deductible

10,000 $

liability deductible

2,500 $

P&I Limit

1,000,000 $

premium

8,623 $

% change

112,39 %

premium

18,314 $

% change

120 %

premium

18,947 $

Vessel Pollution liability limit

1,100,000 $

Vessel Pollution premium

1,632 $

annual installment

13,040 $

# of Employees

827

# of Employees

302

% change

-63.5 %

One Year Annual Policy

5,334 $

Two Year Term with Annual Installment

13,040 $

Two Year Term with Annual Installment

5,067 $

% change

61.1 %

Two Year Prepaid

10,134 $

Property Non-Utilities

35 M

2025 Renewal

2,032,677.00 $

2026 Renewal

1,624,529.00 $

% Change

-20.08 %

2025 Renewal

1,291,449.00 $

2026 Renewal

965,087.00 $

% Change

-25.27 %

Property Utilities – DIC

5 M

2025 Renewal

250,004.00 $

% Change

-100.00 %

Equipment Breakdown

15,995.00 $

Equipment Breakdown

16,350.89 $

% Change

2.22 %

Terrorism

18,000.00 $

% Change

0.00 %

NCBR Terrorism

42,000.00 $

NCBR Terrorism

38,850.00 $

% Change

-7.50 %

Inland Marine

138,654.00 $

Inland Marine

111,252.00 $

% Change

-19.76 %

Flood

12,074.00 $

Crime

7,009.40 $

Public Entity Excess Liability

261,900.00 $

Public Entity Excess Liability

266,895.00 $

% Change

1.90 %

Excess Workers Compensation

750k SIR

2025 Renewal

403,771.00 $

2026 Renewal

282,442.00 $

% Change

-30.04 %

Cyber

50,429.30 $

Cyber

51,933.19 $

% Change

2.98 %

Watercraft Hull / P&I

8,623.00 $

Watercraft Hull / P&I

18,314.00 $

% Change

112.39 %

Watercraft Vessel Pollution

Not Applicable

Watercraft Vessel Pollution

1,632.00 $

% Change

100 %

Statutory AD&D

13,040.00 $

Statutory AD&D

5,067.00 $

% Change

-61.14 %

Gallagher Fee

125,000.00 $

Total Premium & Fees

4,420,621.70 $

Total Premium & Fees

3,544,435.48 $

Difference from Expiring

-877,818.22 $

Difference from Expiring

-19.86 %

annual rounds

130,000

average cost per user

40 to $60

Staff collected

40,000 $

saturation of tee sheet

50 %

Groups of 20-28 players

1,000.00 $

Groups of 20-28 players

1,250.00 $

Groups of 29-36 players

1,250.00 $

Groups of 29-36 players

1,500.00 $

Groups of 37-48 players

1,500.00 $

Groups of 37-48 players

1,750.00 $

Groups of 49-56 players

1,750.00 $

Groups of 49-56 players

2,000.00 $

Groups of 57 or more players

2,000.00 $

Groups of 57 or more players

2,250.00 $

additional revenues

8,000 $