GSD Maintains Excess Property Insurance Coverage
New Mexico General Services Department | State of New MexicoState · Santa Fe, NM- Disclosed value
- $4,554,000
- From report
- Document date
- Aug 25, 2021
- Term
- FY21 property excess coverage
The 30-second brief
The General Services Department’s Risk Management Division maintains excess property and fine arts insurance coverage for approximately $8.6 billion in state assets, paying $4.5 million in premiums in FY21 with a $500,000 self-insured retention. This excess insurance protects the state against catastrophic property losses beyond its self-insured layer.
General Services Department holds this insurance contract with New Mexico General Services Department | State of New Mexico. Its other public contracts on record include work for City of Los Angeles - LA Sanitation and Environment and Louisa County.
Term as filed: FY21 property excess coverage.
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Contract details
- Contract type
- Insurance
- Amount
- $4,554,000
- Document date
- August 25, 2021
- Term
- FY21 property excess coverage
- Source document
- New Mexico Legislative Finance Committee Hearing Brief Funding Health and Risk Insurance Premiums for Public Employees 2021-08-25 (Report)
General Services Department's other public contracts
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Questions about this contract
Who was awarded the insurance contract by New Mexico General Services Department | State of New Mexico?
General Services Department was awarded this insurance contract by New Mexico General Services Department | State of New Mexico, as recorded on August 25, 2021. The contract value is $4,554,000.
How much is the General Services Department contract with New Mexico General Services Department | State of New Mexico worth?
The General Services Department contract with New Mexico General Services Department | State of New Mexico is valued at $4,554,000, covering insurance work.
What type of contract is this?
This is a Insurance contract, documented as a report record.
Where was this contract approved?
This contract appears in New Mexico Legislative Finance Committee Hearing Brief Funding Health and Risk Insurance Premiums for Public Employees 2021-08-25 (Report), dated August 25, 2021 from New Mexico General Services Department | State of New Mexico. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does General Services Department hold?
General Services Department may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is New Mexico General Services Department | State of New Mexico currently buying?
Explore New Mexico General Services Department | State of New Mexico's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.