Santa Cruz Port District AgendaPacket 2026-05-26
Port weighs purchase of added excess liability layer
Trusted by teams at
Description
Santa Cruz Port District staff presented a Lockton quote of roughly $170,000 per year for an additional $5 million excess liability layer, which would raise total liability coverage from $10 million to $15 million. Commissioners are asked to weigh the purchase using insurance budget savings and unrestricted cash reserves.
Contract Details
Contract Amount
Approximately $170,000 annual premium for $5 million second excess layer
Vendor
LOCKTON
Agency
Santa Cruz Port District, CA
Contract Type
INSURANCE
Document Date
May 25, 2026
Contract Term
One-year insurance term aligned with FY27 coverage period
Renewal Info
Proposed as an additional annual excess liability policy layer for FY27 that would sit above existing $10 million liability coverage; decision pending Commission direction.
More from LOCKTON
Related Contracts
Town of Westford Health Insurance Trust Fund Agenda 2026-06-11
DISCUSSEDCity of Oklahoma City Joint Insurance Committee Agenda Packet 2026-06-10
ONGOINGTown of Simsbury Board of Finance Special Meeting Minutes 2026-04-29
ONGOINGSimsbury Board of Education Regular Meeting Agenda April 2026
ONGOINGTown of Simsbury Board of Finance Regular Meeting Minutes 2026-04-21
ONGOINGMore from Santa Cruz Port District
Santa Cruz Port Commission Meeting Agenda 2026-05-26
Santa Cruz Port District AgendaPacket 2026-05-26
Santa Cruz Port District AgendaPacket 2026-05-26
Santa Cruz Port District AgendaPacket 2026-05-26
Santa Cruz Port District AgendaPacket 2026-05-26
Want to learn more?
Get alerts on contract renewals, new awards, and vendor activity.
Bring us your territory.
We'll show you what is forming.
See live SLED buying signals, source docs, decision-makers, contract context, and the next step into your CRM or pipeline.