INSURANCEAPPROVED

Town of Cokato Awards Insurance Contract to Lake Region Insurance (June 2025)

The Cokato City Council approved continued property, liability, and workers’ compensation coverage with Lake Region Insurance, maintaining existing deductibles for the 2023–2025 term. The program includes a 2.91% premium reduction and a $6,001.43 dividend received in December.

Status
APPROVED
Document date
June 9, 2025
Contract type
INSURANCE
Vendor
Lake Region Insurance
Agency
Town of Cokato · MN

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Dividend of $6,001.43; 2.91% decrease in premium for 2023-2025 (total premium not stated)
Contract type
INSURANCE
Contract term
2023–2025
Renewal date
2025-12-31
Renewal
Council chose to maintain existing deductibles for property/liability and workers’ compensation insurance for the 2023–2025 coverage cycle. Future changes to deductibles may be revisited at renewal.
Document type
Minutes
Source document
town-of-cokato-city-council-meeting-minutes-june-9-2025_56b.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the insurance contract by Town of Cokato?

Lake Region Insurance was awarded this insurance contract by Town of Cokato, as recorded on June 9, 2025. The contract value is Dividend of $6,001.43; 2.91% decrease in premium for 2023-2025 (total premium not stated).

How much is the Lake Region Insurance contract with Town of Cokato worth?

The Lake Region Insurance contract with Town of Cokato is valued at Dividend of $6,001.43; 2.91% decrease in premium for 2023-2025 (total premium not stated), covering insurance work.

What type of contract is this?

This is a Insurance contract, documented as a minutes record.

Where was this contract approved?

This contract appears in town-of-cokato-city-council-meeting-minutes-june-9-2025_56b.pdf (Minutes), dated June 9, 2025 from Town of Cokato. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Lake Region Insurance hold?

Lake Region Insurance may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Lake Region Insurance's profile

What is Town of Cokato currently buying?

Explore Town of Cokato's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Town of Cokato's profile

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