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INSURANCERENEWED

Sonoma Valley Hospital Finance Committee Agenda Packet April 2026

Excess Workers’ Compensation Renewal with Arch

$112,543 annual deposit premium (2023–25) / $110,883 annual deposit premium (2025–26), minimum premium $101,289 (2023–25) / $99,795 (2025–26) per yearSonoma Valley HospitalARCHApril 28, 2026

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Description

Sonoma Valley Hospital is renewing its excess workers’ compensation coverage with Arch effective July 1, 2025, maintaining statutory limits and a $500,000 retention at a flat $0.50 rate. Arch has also offered a two-year renewal option to lock in the rate through July 1, 2027.

Contract Details

Contract Amount

$112,543 annual deposit premium (2023–25) / $110,883 annual deposit premium (2025–26), minimum premium $101,289 (2023–25) / $99,795 (2025–26) per year

Vendor

ARCH

Agency

Sonoma Valley Hospital, CA

Contract Type

INSURANCE

Document Date

April 28, 2026

Contract Term

July 1, 2025 – July 1, 2026 (with option for July 1, 2025 – July 1, 2027 two-year renewal)

Renewal Date

2026-07-01

Renewal Info

Excess workers’ compensation coverage renewed for 7/1/2025–7/1/2026 with Arch at a flat rate and option to extend through 7/1/2027 at the same rate, regardless of losses or market conditions.

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