INSURANCEAPPROVED

NYC-Hudson Yards Infrastructure Corporation Awards Insurance Contract to Aspen Insurance (April 2022)

Hudson Yards Infrastructure Corporation authorized procurement of $50 million Directors’ and Officers’ Liability Insurance from Aspen Insurance or comparable carriers for the June 25, 2022 to June 24, 2023 period. The coverage will be arranged through USI Insurance Services LLC with total annual costs limited to $300,000.

Document date · April 28, 2022

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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
Not to exceed $300,000 in annual premium and broker fee
Contract type
INSURANCE
Contract term
June 25, 2022 through June 24, 2023
Renewal date
2023-06-24
Renewal
Directors’ and Officers’ policy term runs from June 25, 2022 through June 24, 2023; renewal beyond this one-year term would necessitate additional Board approval.
Document type
Minutes
Source document
Hudson Yards Infrastructure Corporation Minutes Meeting April 28, 2022

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the insurance contract by NYC-Hudson Yards Infrastructure Corporation?

Aspen Insurance was awarded this insurance contract by NYC-Hudson Yards Infrastructure Corporation, as recorded on April 28, 2022. The contract value is Not to exceed $300,000 in annual premium and broker fee.

How much is the Aspen Insurance contract with NYC-Hudson Yards Infrastructure Corporation worth?

The Aspen Insurance contract with NYC-Hudson Yards Infrastructure Corporation is valued at Not to exceed $300,000 in annual premium and broker fee, covering insurance work.

What type of contract is this?

This is a Insurance contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Hudson Yards Infrastructure Corporation Minutes Meeting April 28, 2022 (Minutes), dated April 28, 2022 from NYC-Hudson Yards Infrastructure Corporation. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Aspen Insurance hold?

Aspen Insurance 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 NYC-Hudson Yards Infrastructure Corporation currently buying?

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