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Cleveland Increases Insurance for GOP Convention

The city of Cleveland voted in favor of purchasing $50 million in insurance covering the cost of potential protests at the Republican National Convention. The coverage will be five times more than previously approved...
July 6, 2016

RNC Cleveland

The city of Cleveland voted in favor of purchasing $50 million in insurance covering the cost of potential protests at the Republican National Convention. The coverage will be five times more than previously approved and indicates that city officials now think that the risks associated with the convention are greater than they assumed initially. The convention will be held July 18-21.

Officials did not discuss the matter before approving the payment of a $9.5 million fee to AON PLC Risk Services Northeast. In March, city officials approved the payment of a much smaller fee of $1.5 million. The fee that will be paid to AON is also far larger than the $1.7 million paid by officials in Tampa, Florida, to cover the risks of hosting the 2012 Republican convention. The $9.5 million payment will cover the city’s insurance premium and the fee for brokering the $50 million policy, which will protect the city and its employees against any claims related to the arrangements for the convention and the security provided for the event. The coverage, referred to as protest insurance, has recently become standard for cities that are the site of major political conventions.

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