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Cypress to increase general liability self‑insured retention to $300,000 to reduce premiums
Summary
The council approved raising the city's general liability self‑insured retention (SIR) from $150,000 to $300,000 effective July 1 to reduce projected premiums; staff estimated near‑term savings and presented a 10‑year claim analysis.
The Cypress City Council on April 28 voted to raise the city’s general liability self‑insured retention (SIR) from $150,000 to $300,000 effective July 1, 2025.
City staff explained that Cypress has been a member of the California Insurance Pool Authority (CIPA) since 1978 and that the current SIR level was set in 1986 and has not changed. Staff reported the city’s SIR…
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