CLEVELAND: Cleveland plans to spend $9.5 million to buy $50 million in insurance to cover it against claims for incidents during the upcoming Republican National Convention.
Cleveland’s Board of Control on Wednesday approved buying various policies through a broker that recommended the city increase its planned coverage. The board in March approved spending $1.5 million for $10 million in coverage.
City Finance Director Sharon Dumas says the threat of terrorism and volatility during the Republican primary campaign caused broker AON Risk Services to issue a higher risk assessment. She says AON polled 40 insurance companies before recommending the increased coverage.
The Republican National Committee requires insurance coverage during its conventions. Dumas says policies will be paid for using the city’s $50 million federal convention security grant.