3. Shiploader and Barge Loader Exclusion – excludes shiploader, barge loader or similar equipment including

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

This item concerns insurance coverage for the Board of County Commissioners in Indian River County. Specifically, it reviews and renews policies for Contractors Equipment, Inland Marine, Terrorism, and Crime. The County is evaluating its current insurance program, which includes coverage for vehicles over $100,000, rented equipment, and golf carts. The renewal process involves comparing quotes from various insurance providers and auditing the current policy. The County will also need to provide rental expenditure data for leased equipment. This review is part of the ongoing insurance renewal process for the upcoming policy year. Businesses involved in insurance brokerage, risk management, and potentially equipment leasing could find opportunities in supporting the County's review and renewal efforts. Early engagement before final policy terms are set may offer advantages.

contractors equipment deductible

25000 $

inland marine deductible

100000 $

flood and named windstorm deductible

250000 $

terrorism and ncbr property damage and liability limit

10 million

terrorism and ncbr liability limit

3000000 $

terrorism and ncbr liability deductible

65000 $

terrorism policy deductible

10000 $

terrorism policy total property damage limit

100 million

terrorism policy radius

2.5 mile

crime policy annual installment premium

6940 $

crime policy annual installment fees

69.40 $

terrorism policy exposure increase

1.88 %

terrorism policy renewal premium

56850 $

terrorism policy rate decrease

6.57 %

terrorism policy renewal premium decrease

5.25 %

terrorism policy total insured value

773356156 $

public entity excess liability rate increase

6 %

contractors equipment below

25000 $

vehicles over

100000 $

named windstorm and flood sublimit

2500000 $

incumbent quote difference

60529 $