INSURANCEAPPROVED

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

Treasurer's Bond Approved with The Hartford for $9.5M

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

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Description

The Board of Trustees approved the School Treasurer’s bond with The Hartford at a coverage level of $9,500,000 as required by state statute. Coverage is facilitated through the Illinois Community College Risk Management Consortium for FY 2027.

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

Not stated (required bond level)

Renewal Date

2027-06-30

Renewal Info

Bond is subject to annual renewal and may be terminated by surety or obligee with thirty days’ notice.

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