3. Insurance and Risk Management - Estimated Annual Cost: $20,000–$30,000

Special Meeting TDC Review Museum Project · 2026-05-12 · agenda_item

This item concerns insurance and risk management for a museum project in Jackson County. The estimated annual cost for insurance is between $20,000 and $30,000. This coverage will include building, general liability, and collections insurance. Based on similar county buildings, insurance costs are expected to be $6,000 to $10,000 annually. However, due to the nature of the museum's collection and potential visitor risks, a higher estimate is being considered. This is an early stage of the project's planning. The project will likely involve site preparation, construction, and ongoing operations, requiring various trades and suppliers. Local contractors, suppliers, and service providers are encouraged to engage early to understand the project's scope and potential needs as plans develop.

estimated annual cost

20000–30000 $

expected insurance range

6000–10000 $