City of Covington Agenda Packet 2026-06-23
City Renews Liability & Property Insurance With KLCIS
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Description
Covington’s Board of Commissioners is asked to renew the City’s liability and property insurance policies with Kentucky League of Cities Insurance Services for July 1, 2026 through July 1, 2027, at annual premiums of $398,470.16 for liability and $141,313.04 for property. The policies will be funded from Fund 29 on an 11-payment plan and reflect an overall 2% premium increase over last year.
Contract Details
Contract Amount
Liability - $398,470.16; Property - $141,313.04
Vendor
KENTUCKY LEAGUE OF CITIES INSURANCE SERVICES
Agency
Housing Authority of Covington, KY
Contract Type
INSURANCE
Document Date
June 23, 2026
Contract Term
7/1/2026 – 7/1/2027
Renewal Date
2027-07-01
Renewal Info
Renewal of existing KLCIS liability and property policies for one year, expiring 2027-07-01; no explicit multi-year renewal options noted.
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