Citywide Insurance Renewals

At a glance

• What: Annual purchase of City property, liability and executive risk insurance.
• Where it stands: RES2026-297 adopted September 22, 2026 on consent (11-0-0).
• Next: Coverage periods run October 1, 2026 to October 1, 2027, and additional liability coverage October 22, 2026 to October 22, 2027.

Amounts

• Policies up to $3,851,011 total, plus an 18% contingency for added property or assets, subject to appropriation.
• Carriers named: Factory Mutual (property including boiler and terrorism-act coverage), Beazley (terrorism), Princeton, Ironshore and Arch (a $15 million excess flood layer shared 50/50), Gemini (airport and wastewater fleet auto liability), Hanover (airport shuttle buses), Lexington (secondary employment law enforcement liability), Arch (police air support accident policy) and Great American (fidelity/crime).
• Additional liability insurance: $500,000 to $1,100,000.

Sources

• City Council minutes, September 22, 2026: https://sanjose.legistar.com/View.ashx?M=M&ID=1423862&GUID=9191AA9D-DED5-4812-8847-98E090712FB0

Log

2026-09-22 - City Council

Approved on consent, 11-0-0.