City of Cleveland AgendaPacket Meeting Agenda 2026-06-01
City Renews Tokio Marine HCC Liability Package
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Description
The City of Cleveland will renew its 2026–2027 Apex liability insurance package through Tokio Marine HCC, covering auto, property, equipment, public safety, cyber, and related lines. The one‑year policy term runs from June 30, 2026 to June 30, 2027 with an anticipated premium increase of up to 4% over the prior year.
Contract Details
Contract Amount
Premium not to exceed 4% increase over expiring $161,207 package; proposed $171,537 total including terrorism
Vendor
TOKIO MARINE HCC
Agency
City of Cleveland, GA
Contract Type
INSURANCE
Document Date
June 1, 2026
Contract Term
June 30, 2026 – June 30, 2027
Renewal Date
2027-06-30
Renewal Info
Annual renewal of existing Apex liability insurance package with Tokio Marine HCC/U.S. Specialty; term 06/30/2026–06/30/2027, with quoted premium $171,537 reflecting approximately a 4% increase over expiring. Future renewals expected annually subject to underwriting.
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