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HRHA reviews 2025 insurance package, board hears cyber, liability and property coverage details
Summary
HRHA staff presented the authority’s 2025 insurance renewal: total cost near $89,000, covering property, general and cyber liability, and public officials coverage. Board members asked for clarifications on workers' compensation add-ons and overall limits.
The Harrisonburg Redevelopment and Housing Authority reviewed its insurance renewal package for 2025 during the May 21 meeting and had no action to take at that time. Staff presented coverage limits, total property values and new or expanded lines, including cyber liability.
Staff reported total property replacement values at roughly $56 million and said the overall annual premium is approximately $89,000, an increase of about 10% from the prior year. Key coverages discussed included general liability and public officials liability (a $1,000,000 limit with $4,000,000 aggregate noted in the presentation), automobile coverage, pollution/environmental liability, fidelity/crime coverage and workers’ compensation options.
Cyber liability: staff explained that cyber threats are increasingly common and that the authority is expanding cyber coverage and staff training with its IT vendor; staff described simulated phishing exercises used to test staff responses and reduce exposure to social engineering attacks.
Questions from the board focused on optional workers’ compensation add-ons described in the renewal packet (for items such as burial/funeral costs, counseling or other specific expenses). Staff said they would follow up with specific policy language to clarify who would be eligible for optional benefits and return that detail to the board.
No board action was required; staff said the plan is to renew coverages as presented unless the board requests changes. Board members asked staff to circulate the workers’ compensation clarifications when available.
