c. Renewal of the Property & Casualty and Workers' Compensation

City Council Meeting · 2026-04-14 · agenda_item

This item concerns the renewal of the City of Melbourne's Property & Casualty and Workers' Compensation Insurance Program for Fiscal Year 2026. The annual cost for this renewal is set at $4,805,217.86. This is an annual renewal, indicating a recurring need for insurance services. The program covers property and casualty risks, as well as workers' compensation for city employees. This renewal process would involve insurance carriers and brokers. Businesses that provide commercial insurance, risk management, and related financial services may find opportunities in supporting this ongoing civic need. Engaging early in the renewal process can provide insight into the city's specific coverage requirements and potential areas for service or consultation.

annual cost

4,805,217.86 dollars