Kern County Hospital Authority Board of Governors Agenda 2026-06-17
Hospital liability insurance renewal with Coverys
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Description
The Kern County Hospital Authority plans to renew hospital professional, general, and umbrella/excess liability coverage with Coverys as part of a multi-line insurance package totaling up to $2,492,680 for the July 1, 2026 through July 1, 2027 term. The program provides $25 million in liability limits with significant self-insured retentions.
Contract Details
Contract Amount
Portion of combined annual premium $1,398,089 for Hospital Professional Liability, General Liability and Umbrella/Excess Liability (total not to exceed $2,492,680 for all lines)
Vendor
COVERYS
Agency
Kern Medical Center, CA
Contract Type
INSURANCE
Document Date
June 17, 2026
Contract Term
July 1, 2026 – July 1, 2027
Renewal Date
2027-07-01
Renewal Info
Renewal of existing hospital professional, general, and umbrella/excess liability program with similar coverages and retentions for FY 2026‑2027; part of a broader insurance package financed in 12 installments through PRISM and AFCO Direct Capital Finance.
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Kern County Hospital Authority Board of Governors Agenda 2026-06-17
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Kern County Hospital Authority Board of Governors Agenda 2026-06-17
Kern County Hospital Authority Board of Governors Agenda 2026-06-17
Kern County Hospital Authority Board of Governors Agenda 2026-06-17
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