INSURANCEAPPROVED

John Wood Community College AgendaPacket Board of Trustees Meeting 2026-06-22

Treasurer’s Bond Approved with The Hartford

$9,500,000John Wood Community CollegeTHE HARTFORDJune 20, 2026

Trusted by teams at

Description

The Board of Trustees approved a Treasurer’s Bond from The Hartford through the Illinois Community College Risk Management Consortium at the level of $9,500,000 for FY2027. This action ensures statutory financial protections for the College.

Contract Details

Contract Amount

$9,500,000

Vendor

THE HARTFORD

Agency

John Wood Community College, IL

Contract Type

INSURANCE

Document Date

June 20, 2026

Contract Term

July 1, 2026 – July 1, 2027

Renewal Date

2027-07-01

Renewal Info

Bond may be terminated by either party with thirty days’ written notice. Annual renewal aligns with statute requirements.

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