INSURANCERENEWED

City of Hudson Resolution Authorizing the Mayor to Accept a Renewal Proposal by Marshall & Sterling for Multiple Insurance Policies 2026-06-23

Hudson Renews Citywide Insurance Broker Agreement

$305,451.48 total annual premium (NYMIR $296,643.48; Travelers Cyber $8,508.00; Summer Camp Accident Coverage $300.00)City of HudsonMARSHALL & STERLING INSURANCEJune 23, 2026

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Description

The Hudson Common Council authorized the Mayor to accept a renewal proposal from Marshall & Sterling Insurance for brokerage of the City’s 2026 insurance program totaling $305,451.48 for multiple lines of coverage. The agreement covers property, liability, auto, law enforcement, cyber, and accident policies for the remainder of the 2026 fiscal year under a structured installment payment schedule.

Contract Details

Contract Amount

$305,451.48 total annual premium (NYMIR $296,643.48; Travelers Cyber $8,508.00; Summer Camp Accident Coverage $300.00)

Vendor

MARSHALL & STERLING INSURANCE

Agency

City of Hudson, NY

Contract Type

INSURANCE

Document Date

June 23, 2026

Contract Term

Remainder of the 2026 fiscal year; NYMIR and Travelers Cyber due 6/30/26, NYMIR second installment due 12/30/26, Summer Camp Accident Coverage due 7/03/26

Renewal Date

2026-12-30

Renewal Info

Renewal of existing brokerage engagement first entered in 2021 for placement of the City’s insurance program; 2026 proposal applies for the remainder of the 2026 fiscal year with an overall premium increase of 5.31%. Additional risk management services beyond brokerage require a separate signed contract.