City of Novi StaffReport Consideration of the City’s 2026-2027 property and liability insurance coverage 2026-06-22
Novi Recommended To Join MML Insurance Pool For FY27
Trusted by teams at
Description
City administration recommends approval of 2026-2027 property and liability insurance coverage with the Michigan Municipal League Liability and Property Pool for an annual premium of $607,328. The one-year program would cover all City facilities, vehicles, and municipal operations with roughly $10 million in liability limits and a $50,000 deductible, and includes eligibility for future member dividends.
Contract Details
Contract Amount
$607,328
Vendor
MICHIGAN MUNICIPAL LEAGUE LIABILITY & PROPERTY POOL
Agency
City of Novi, MI
Contract Type
INSURANCE
Document Date
June 22, 2026
Contract Term
Fiscal Year 2026-27 (effective 7/1/2026 – 6/30/2027)
Renewal Date
2027-06-30
Renewal Info
One-year insurance placement for FY 2026-27 with eligibility for pool dividend distributions beginning after the first renewal, increasing to full (100%) participation after the fifth renewal year. Future renewals would be annual and subject to underwriting and Council approval.
More from MICHIGAN MUNICIPAL LEAGUE LIABILITY & PROPERTY POOL
Related Contracts
City of DeWitt Agenda Packet 2026-06-22
RENEWEDVillage of Lake Odessa Agenda Packet 2026-05-18
APPROVEDVillage of Lake Odessa Agenda Packet 2026-05-18
APPROVEDLake Odessa Village Council Meeting Agenda April 2026
PENDINGLake Odessa Village Council Regular Meeting Agenda April 2026
PENDINGMore from City of Novi
City of Novi Labor Agreement 2026-07-01
City of Novi StaffReport Consideration of a contract for mowing services to Teddy's Lawn & Landscape 2026-06-22
City of Novi AgendaPacket Consideration of approval to award a contract for forestry services 2026-06-22
City of Novi AgendaPacket Consideration of approval to award a contract for forestry services 2026-06-22
City of Novi Report 2026 Q2 Council Goals Update 2026-06-22
Want to learn more?
Get alerts on contract renewals, new awards, and vendor activity.
Bring us your territory.
We'll show you what is forming.
See live SLED buying signals, source docs, decision-makers, contract context, and the next step into your CRM or pipeline.