INSURANCERECOMMENDED

Herons Glen Recreation District Finance Advisory Committee Minutes April 2026

Committee backs Acrisure Option #2 insurance package

Option #1 total estimated annual premium $475,375; Option #2 total estimated annual premium $393,250; Environmental Impairment premium $4,515; additional Cyber premium $1,150; Executive Risk Excess Liability option (not recommended) additional $10,100Herons Glen Recreation DistrictACRISUREApril 23, 2026

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Description

The Finance Advisory Committee recommended that the Board of Supervisors bind an Acrisure insurance package using Option #2 (AXIS Surplus GL – Evanston XL), with a 3% Named Storm Wind deductible, added Environmental Impairment coverage, and increased Cyber Liability limits. The committee also advised using Club Benchmarking data for property values and declined the Executive Risk Excess Liability add-on.

Contract Details

Contract Amount

Vendor

ACRISURE

Agency

Herons Glen Recreation District, FL

Contract Type

INSURANCE

Document Date

April 23, 2026

Contract Term

Annual insurance policy term (implied)

Renewal Info

Annual policy expected to renew on a yearly basis; committee recommended binding the policy with options for adjusting property values post-binding based on Club Benchmarking data. Future renewals may adjust coverage and limits based on updated property valuations.