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Saratoga County renews insurance program amid modest rate increases, cyber savings and auto loss-control plans
Summary
After presentations from Gallagher and a consultant, the committee moved forward with a roughly $1.69 million insurance renewal — about 7% above last year — highlighted by improved cyber pricing (about $32,000 savings at a $4 million limit), increased property valuations, and plans to pursue auto loss-control training.
The New Resources and Insurance Committee voted to move forward with Saratoga County's 2026 insurance renewal after presentations from insurance broker Dominic Gallow of Gallagher and consultant Ken Gray of Sterling Marshall.
Director of finance and staff introduced the package and said the county's total cost for all coverages is about $1.69 million, an increase of roughly 7% from the prior year but below the 10% increase the county had budgeted. Dominic Gallow told the committee the county's renewal remained competitively priced after going to market and that favorable carrier relationships and updated exposure information helped contain increases.
Gallow outlined several specifics: property valuations in the transcript were described in the $340 million to $380 million range with a year-over-year increase of roughly $20–23 million in exposures; he said that exposure increases — not just rate changes — account for much of the premium movement. He also said the county's auto price per vehicle is $672 per unit and noted an uptick in minor fender-bender claims, recommending loss-control training to reduce claim frequency.
On cyber insurance, Gallow said the county moved carriers and will see premium savings, with the transcript citing a reduction from about $176,000 to about $145,000 at a $4 million limit (a roughly $32,000 premium reduction) and improved social-engineering sublimits (the transcript reports social-engineering recovery last year around $500,000 and said this year's program raised coverage to $1 million).
Consultant Ken Gray praised Gallagher's work, described the county's blanket property valuation approach (noting an approximate $380 million blanket cited in the presentation) and said underwriters have been mindful about applying inflation adjustments. Speakers also discussed disaster planning and business-interruption coverage; the transcript references temporary-space coverage and a business-interruption figure of about $2 million.
After questions about market comparisons and coverage limits, a resolution to move the insurance program forward was made, seconded and the chair announced the motion carried. The transcript does not include a roll-call tally of votes by name.
