Town of Palm Beach Investment Advisory Committee Meeting Agenda March 2026
Palm Beach Renews Fiduciary Liability Policy with Hudson Insurance
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Description
The Town of Palm Beach Investment Advisory Committee is recommended to renew its Fiduciary Liability Insurance policy with Hudson Insurance Company for $5,233.82 (including surcharge), maintaining a $2,000,000 limit for the period April 1, 2026 through April 1, 2027. The coverage provides fiduciary liability protection for the OPEB Health Insurance Trust.
Contract Details
Contract Amount
$5,233.82 total premium (includes $5,182.00 basic premium plus $51.82 surcharge)
Vendor
HUDSON INSURANCE COMPANY
Agency
Town of Palm Beach, FL
Contract Type
INSURANCE
Document Date
March 6, 2026
Contract Term
April 1, 2026 – April 1, 2027 (12 months)
Renewal Date
2027-04-01
Renewal Info
Renewal of annual policy; minimum deductible of $10,000 required since 2023; policy has been continuously renewed with Hudson since March 2008; twelve (12) month extended reporting period available for 100% annual premium cost.
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