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California Association for Park and Recreation Indemnity AgendaPacket Regular Meeting of the Board of Directors 2026-06-23

CAPRI Eyes PRISM Renewal For GL Excess

$3,552,852 (estimated GL annual cost for FY 2026-2027)California Association For Park And Recreation IndemnityPRISMJune 23, 2026

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Derivita logo
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Description

CAPRI plans to renew its General Liability excess insurance with PRISM’s GL1 Program for FY 2026-2027, with an estimated annual premium of $3,552,852 based on updated payroll exposure. The coverage attaches above CAPRI’s $1.5 million self-insured retention.

Contract Details

Contract Amount

$3,552,852 (estimated GL annual cost for FY 2026-2027)

Vendor

PRISM

Agency

California Association For Park And Recreation Indemnity, CA

Contract Type

INSURANCE

Document Date

June 23, 2026

Contract Term

Fiscal Year 2026-2027

Renewal Date

2027-06-30

Renewal Info

Renewal of PRISM GL1 Program excess general liability coverage, attaching at $1.5 million, including additional exposure for new member MRCA for the 2026-2027 policy year.

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