TO: AC Transit Board of Directors
FROM: Aimee L. Steele, General Counsel/Chief Legal Officer
SUBJECT: 2025-2026 District Commercial Property and Deadly Weapons Response Insurance Program Renewal
ACTION ITEM
AGENDA PLANNING REQUEST: ?
RECOMMENDED ACTION(S):
Title
Consider authorizing the General Manager to bind the District's 2025-2026 Commercial Property Insurance and Deadly Weapons Response Insurance programs.
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 proposed Commercial Property and Deadly Weapons Response Insurance programs will provide for the protection of the District's property, plant, equipment, and vehicle assets, and allow the District to maintain its risk retention and risk transfer programs at the current optimum levels for the 2025-2026 policy period.
BUDGETARY/FISCAL IMPACT:
The total budgetary impact of binding the proposed insurance coverages as recommended by staff will not exceed $2,643,911. This amount is for the July 1, 2025, through June 30, 2026, period and is included in the Fiscal Year 2025-26 Budget.
BACKGROUND/RATIONALE:
During its April 23, 2025, meeting, the Board of Directors (Board) authorized the General Manager to bind the 2025-26 Excess Commercial Liability, Excess Workers' Compensation, Cyber-Liability, Fiduciary Liability, Commercial Crime, and Travel Accident components of the District's Transit Operations Insurance Program.
The District's 2024-2025 Commercial Property and Deadly Weapons Response insurance (ADWRP) programs will expire at 12:01 a.m. on July 1, 2025. Staff is requesting that the Board authorize the General Manager to bind the renewal of both the Commercial Property and Deadly Weapons Response Insurance programs as recommended in this report.
Commercial Property Insurance
The commercial prope...
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