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Council renews GIRMA liability coverage ($410,202) and excess cyber policy ($14,040)
Summary
The Villa Rica City Council approved renewing the city’s property and liability insurance with the Georgia Interlocal Risk Management Agency for $410,202 and an excess cyber liability policy for $14,040; both motions passed unanimously.
The Villa Rica City Council unanimously approved two insurance renewals: the city’s property and liability package with the Georgia Interlocal Risk Management Agency (GIRMA) and an excess cyber liability policy.
Finance staff member Miss Hallman presented the renewals and told council the GIRMA policy covers the city’s general liability, automobile liability and related lines for the coverage year beginning May 1. Hallman said members experienced roughly an 8% rate increase and that the city’s total premium rose about 10% compared with the prior year because of a smaller renewal credit; she asked council to approve the renewal in the amount staff provided.
Nut graf: Council voted to renew the GIRMA coverage for the May 1 to April 30 policy year and separately approved an excess cyber liability renewal that staff said would provide higher limits above the city’s basic coverage. Staff reported the excess cyber premium dropped to $14,040 this year from roughly $15,600 last year.
Council approved a motion to renew the GIRMA policy for $410,202 for the May 1, 2025–April 30, 2026 policy year and then approved the excess cyber liability policy for $14,040; both motions passed unanimously.
Ending: Staff said the renewals are budgeted and asked council to authorize the purchases to keep coverage continuous; council voted to approve both policies.
