FINANCIAL_SERVICESAPPROVED

Township of Middletown Sewerage Authority Consent Agenda Nov 2024

Acrisure IMAC named risk management consultant

Six percent (6%) of the MSA's annual assessment as promulgated by the New Jersey Utility AuthoritiesMiddletown Township SAACRISURE LLC DBA IMAC INSURANCE AGENCYNovember 18, 2024

Trusted by teams at

Description

The Middletown Sewerage Authority approved a three-year Risk Management Consultant’s Agreement with Acrisure LLC DBA IMAC Insurance Agency effective January 1, 2025. Compensation equals 6% of the Authority’s annual joint insurance fund assessment plus standard commissions for additional coverages and any agreed extra-service fees.

Contract Details

Contract Amount

Six percent (6%) of the MSA's annual assessment as promulgated by the New Jersey Utility Authorities

Vendor

ACRISURE LLC DBA IMAC INSURANCE AGENCY

Agency

Middletown Township SA, NJ

Contract Type

FINANCIAL_SERVICES

Document Date

November 18, 2024

Contract Term

Three (3) year term beginning January 1, 2025

Renewal Date

2028-01-01

Renewal Info

Initial three-year agreement from January 1, 2025, terminable by either party with at least 30 days’ written notice; consultant fees are prorated to date of termination. No automatic renewal is specified.

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