TO: AC Transit Board of Directors
FROM: Aimee L. Steele, General Counsel/Chief Legal Officer
SUBJECT: 2026-2027 District Transit Operations Insurance Program
ACTION ITEM
AGENDA PLANNING REQUEST: ?
RECOMMENDED ACTION(S):
Title
Consider authorizing the General Manager to bind the District's 2026-2027 Transit Operations Insurance Program.
Staff Contact:
Aimee L. Steele, General Counsel/Chief Legal Officer
Body
STRATEGIC IMPORTANCE:
Goal - Financial Stability and Resiliency
Initiative - Financial Efficiency and Revenue Maximization
Authorizing the General Manager to bind the 2026-2027 Transit Operations Insurance program, as proposed by staff, will allow the District to continue its risk retention and risk transfer programs at optimum levels for the 2026-2027 policy period.
BUDGETARY/FISCAL IMPACT:
The total budgetary impact of binding the proposed insurance coverages, as recommended by staff, will not exceed $16,612,346.
BACKGROUND/RATIONALE:
The District's current insurance program includes the following coverages: Excess Liability (Commercial General and Automobile); Excess Workers' Compensation; Commercial Crime; Cyber-Liability; Fiduciary Liability; Business Travel Accident; Commercial Property; and Deadly Weapons Response. All coverage, except for Commercial Property and Deadly Weapons Response, will expire at 12:01 a.m., April 26, 2026.
Below are the recommended insurance renewals for the 2026-2027 Transit Operations Insurance Program:
AC Transit's Transit Operation Insurance Program
Insurance Coverage Line
PY25-26 Expiring Premium
PY26-27 Renewal Premium
Dollar Change
% Change
Excess Liability Insurance
$14,618,592
$15,817,916
$1,199,324
8.2%
Excess Workers' Compensation
$502,715
$533,192
$30,477
6.1%
Commercial Crime
$17,376
$17,897
$521
3.0%
Cyber-Liability
$164,134
$164,134
$0
0.0%
Fiduciary Liability
$32,590
$33,937
$1,347
4.1%
Terrorism Liability
$46,431
$46,431|10 10|0.0%
Excess Automobile and General Liability: Excess Automo...
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