Real Property Insurance

The Town of Oyster Bay is soliciting proposals from insurance brokers for real property liability insurance coverage from December 31, 2025, to December 31, 2026. The town's current policy has a loss limit of $100,000,000 and various sub-limits for business interruption, earthquake, flood, and other risks. The town seeks to maintain these policy limits and is open to considering a multi-year policy to reduce premiums. To be considered, insurance carriers must have a Financial Strength Rating (FSR) of at least "A" and a minimum size rating of 8 out of 15. Proposals can be submitted in person, by mail, fax, or email to the Office of the Town Attorney by 5:00 p.m. EST on December 19, 2025. Key details: - Policy period: December 31, 2025, to December 31, 2026 - Loss limit: $100,000,000 - Sub-limits for various risks - Minimum FSR: "A" - Minimum size rating: 8 out of 15 - Submission deadline: December 19, 2025, 5:00 p.m. EST - Contact: Ralph P. Healey, Deputy Town Attorney ([email protected] or 516-624-7895)