Northern Westchester Joint Water Works Board of Trustees Meeting November 2024
Munich Selected for 2024 Commercial Insurance Package
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Description
The Board approved renewal of its commercial insurance package with Munich, which is assuming program administration from Zurich, at a total premium of $147,228 effective November 10, 2024. The policy maintains $6 million per occurrence and aggregate limits across key coverage lines with a 7% premium increase, less than budgeted.
Contract Details
Contract Amount
$147,228
Vendor
MUNICH
Agency
Westchester County Wd #2, NY
Contract Type
INSURANCE
Document Date
November 1, 2024
Contract Term
Coverage to begin November 10, 2024; annual commercial package policy
Renewal Date
2025-11-09
Renewal Info
Annual commercial insurance package renewal with Munich assuming administration from Zurich; approximately 7% premium increase over expiring program while maintaining coverage limits and deductibles.
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