INSURANCERENEWED

Sonoma Valley Hospital Finance Committee Agenda Packet April 2026

Hospital Renews Liability and D&O Coverage with BETA

$400,591 (2024–25) / $412,612 (2025–26) gross premium minus dividends; $112,009 (2024–25) / $136,723 (2025–26) D&O/EPL premium; $2,071 annual auto liability premiumSonoma Valley HospitalBETAApril 28, 2026

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Description

Sonoma Valley Hospital is renewing multiple insurance policies with BETA for the July 1, 2025 to July 1, 2026 term, including professional and general liability, D&O/EPL, and auto liability. The renewal features modest PL/GL premium increases, higher dividends, and an increased D&O/EPL premium driven by loss experience.

Contract Details

Contract Amount

$400,591 (2024–25) / $412,612 (2025–26) gross premium minus dividends; $112,009 (2024–25) / $136,723 (2025–26) D&O/EPL premium; $2,071 annual auto liability premium

Vendor

BETA

Agency

Sonoma Valley Hospital, CA

Contract Type

INSURANCE

Document Date

April 28, 2026

Contract Term

July 1, 2025 – July 1, 2026

Renewal Date

2026-07-01

Renewal Info

Professional and general liability, D&O/EPL, and auto liability coverages are renewed for 7/1/2025–7/1/2026 with updated premiums and dividends based on BETA’s base rate adjustments and hospital loss experience. Hospital opted into BETA’s Fast Track program for census exposures, and ED Risk Management Initiative Credit was not earned this year.