Danville Area Community College Board of Trustees Agenda Packet 2026-06-25
College Plans FY27 Property and Liability Renewal with ICRMT
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Description
The Board is asked to approve renewal of Danville Area Community College’s FY27 property and liability coverage with Illinois Counties Risk Management Trust for $279,512. The 6% premium increase reflects higher insured building and contents values.
Contract Details
Contract Amount
$279,512 (property & liability premium for FY27)
Vendor
ILLINOIS COUNTIES RISK MANAGEMENT TRUST (ICRMT)
Agency
Danville Area Community College, IL
Contract Type
INSURANCE
Document Date
June 25, 2026
Contract Term
FY27 (2026-2027 fiscal year)
Renewal Date
2027-06-30
Renewal Info
Renewal of existing property and liability insurance policy for FY27 with a premium increase of approximately 6% over FY26.
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