INSURANCEDISCUSSED

Port weighs purchase of added excess liability layer

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.

Status
DISCUSSED
Document date
May 25, 2026
Contract type
INSURANCE
Vendor
LOCKTON
Agency
Santa Cruz Port District · CA

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Approximately $170,000 annual premium for $5 million second excess layer
Contract type
INSURANCE
Contract term
One-year insurance term aligned with FY27 coverage period
Renewal
Proposed as an additional annual excess liability policy layer for FY27 that would sit above existing $10 million liability coverage; decision pending Commission direction.
Document type
AgendaPacket
Source document
Santa Cruz Port District AgendaPacket 2026-05-26

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the insurance contract by Santa Cruz Port District?

LOCKTON was awarded this insurance contract by Santa Cruz Port District, as recorded on May 25, 2026. The contract value is Approximately $170,000 annual premium for $5 million second excess layer.

How much is the LOCKTON contract with Santa Cruz Port District worth?

The LOCKTON contract with Santa Cruz Port District is valued at Approximately $170,000 annual premium for $5 million second excess layer, covering insurance work.

What type of contract is this?

This is a Insurance contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Santa Cruz Port District AgendaPacket 2026-05-26 (AgendaPacket), dated May 25, 2026 from Santa Cruz Port District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does LOCKTON hold?

LOCKTON may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Santa Cruz Port District currently buying?

Explore Santa Cruz Port District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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