INSURANCEDISCUSSED

Vermilion City Council Legislative Committee Minutes February 2026

Council Reviews 2026-2027 Insurance Broker Renewal

$417,073 annuallyTown of VermilionFITZGIBBONS ARNOLD & COMPANYFebruary 23, 2026

Trusted by teams at

Description

Vermilion City Council reviewed Ordinance 2026-8 regarding renewal of its insurance broker contract with Fitzgibbons, Arnold & Company at an annual premium of $417,073 for March 1, 2026 through February 28, 2027. The discussion focused on modest premium increases, higher deductibles, expanded property coverage, and concerns over umbrella liability limits and multi-year renewal authority.

Contract Details

Contract Amount

$417,073 annually

Vendor

FITZGIBBONS ARNOLD & COMPANY

Agency

Town of Vermilion, OH

Contract Type

INSURANCE

Document Date

February 23, 2026

Contract Term

March 1, 2026 – February 28, 2027, with discussion of potential renewals through February 28, 2029

Renewal Date

2027-02-28

Renewal Info

Minutes describe the term as March 1, 2026–February 28, 2027 with language in the ordinance title allowing renewal at the City’s discretion through February 28, 2029, though several councilmembers indicated intent to amend that renewal authority. Policy changes such as increased coverage, added assets (e.g., new Police Station), and possible higher umbrella limits may be negotiated post-approval; contract is cancellable per discussion.