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08/19/2025
T-18795.001 / 2238109 1
Council Agenda: 09-23-2025
Item No.: 2.7
DRAFT--Contact the Office of the City Clerk at (408) 535-1260 or [email protected] for final document.
RESOLUTION NO. ______________
A RESOLUTION OF THE COUNCIL OF THE CITY OF SAN
JOSE AUTHORIZING THE DIRECTOR OF FINANCE TO
(A) SELECT AND PURCHASE CERTAIN CITY
PROPERTY, LIABILITY, AND EXECUTIVE RISK
INSURANCE POLICIES FOR THE PERIOD OF OCTOBER
1, 2025 TO OCTOBER 1, 2026, AT A TOTAL COST NOT
TO EXCEED $4,275,826, AS WELL AS AN 18.0%
CONTINGENCY FOR ADDITIONAL PROPERTY OR
ASSETS SCHEDULED, SUBJECT TO THE
APPROPRIATION OF FUNDS; AND (B) SELECT AND
PURCHASE ADDITIONAL LIABILITY INSURANCE FOR
THE PERIOD OF OCTOBER 22, 2025 TO OCTOBER 22,
2026, AT A COST RANGING FROM $500,000 TO
$1,100,000, SUBJECT TO THE APPROPRIATION OF
FUNDS
WHEREAS, the City of San José (“City”), working in conjunction with the insurance broker Alliant Insurance Services, examined the City’s existing insurance program along with alternative coverages that could be considered, in accordance with the annual insurance renewal process of the City; and
WHEREAS, the City’s insurance program generally includes property insurance for City facilities and property (which includes property previously owned by the Redevelopment Agency of the City of San José, now owned by the City), Terrorism Risk Insurance Act coverage on the property policy and a standalone combined property and liability terrorism policy, Excess Flood insurance, auto liability insurance (for Airport and Regional Wastewater Facility fleets only), insurance for physical damage to Airport shuttle buses, an Accidental Death, Accidental Dismemberment, and Paralysis Policy for the Police Air Support Unit, secondary employment law enforcement professional liability insurance, and government crime insurance; and
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08/19/2025
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Council Agenda: 09-23-2025
Item No.: 2.7
DRAFT--Contact the Office of the City Clerk at (408) 535-1260 or [email protected] for final document.
WHEREAS, the City desires to authorize the selection and purchase of the policies of insurance as described in the memorandum from the Director of Finance dated September 2, 2025;
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF SAN JOSE THAT:
The Director of Finance is hereby authorized to:
A. Select and purchase City property, liability, and executive risk insurance policies for the period of October 1, 2025 to October 1, 2026, at a total cost not to exceed $4,275,826, as well as an 18.0% contingency for additional property or assets scheduled, subject to the appropriation of funds, with the following insurance carriers:
Coverage Insurance Carrier
Property Insurance, including Boiler
and Machinery and Terrorism Risk
Insurance Act Coverage
Factory Mutual Insurance Company
Terrorism Insurance Beazley Excess and Surplus Lines
Insurance, Inc.
Excess Flood Insurance on a 50/50
quota share basis
The Princeton Excess and Surplus
Lines Insurance Company
Ironshore Specialty Insurance
Company
Arch Specialty Insurance Company
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08/19/2025
T-18795.001 / 2238109 3
Council Agenda: 09-23-2025
Item No.: 2.7
DRAFT--Contact the Office of the City Clerk at (408) 535-1260 or [email protected] for final document.
Coverage Insurance Carrier
Auto Liability Insurance for the vehicle
fleets at the San José Mineta
International Airport and San José –
Santa Clara Regional Wastewater
Facility
Gemini Insurance Company
Auto Physical Damage for the Airport
shuttle buses
Hanover Insurance Company
Secondary Employment Law
Enforcement Professional Liability
Lexington Insurance Company
Accidental Death, Accidental
Dismemberment, and Paralysis Policy
for the Police Air Support Unit
Arch Insurance Company
Government Fidelity/Crime Coverage Great American Insurance Company
B. Select and purchase Additional Liability Insurance for the period of October 22, 2025 to October 22, 2026 at a cost ranging from $500,000 to $1,100,000, subject to the appropriation of funds.
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T-18795.001 / 2238109 4
Council Agenda: 09-23-2025
Item No.: 2.7
DRAFT--Contact the Office of the City Clerk at (408) 535-1260 or [email protected] for final document.
ADOPTED this _____ day of ___________, 2025, by the following vote:
AYES:
NOES:
ABSENT:
DISQUALIFIED:
MATT MAHAN
Mayor
ATTEST:
TONI J. TABER, MMC
City Clerk