Holland Board of Public Works Agenda 2026-06-08
HBPW Renews Marsh Specialty Insurance Program for $1.14M
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Description
The Holland Board of Public Works renewed its energy production property insurance with Marsh Specialty as broker for FY 2027 at an estimated annual cost of $1,143,930.34, securing coverage for $500.4 million in assets.
Contract Details
Contract Amount
Estimated premium $1,143,930.34 plus applicable surplus lines taxes and fees
Vendor
MARSH SPECIALTY
Agency
Holland Board of Public Works, MI
Contract Type
INSURANCE
Document Date
June 8, 2026
Contract Term
FY 2027 (July 1, 2026 – June 30, 2027)
Renewal Date
2027-06-30
Renewal Info
Annual renewal; premium and terms subject to yearly negotiation and board approval.
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