INSURANCEPENDING

Lincolnwood School District 74 Workers Compensation Insurance Proposal 2026-07-01

Workers compensation insurance proposal from Illinois Public Risk Fund

$78,110.10 (Total Net Costs for 2026/27 policy year; premiums and fees before discounts total $90,599.00)Lincolnwood SD 74ILLINOIS PUBLIC RISK FUNDMay 28, 2026

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Description

Lincolnwood School District 74 received a proposal from Illinois Public Risk Fund to provide workers compensation and employers liability insurance for the July 1, 2026 to July 1, 2027 term. The proposed 2026/27 total net cost is $78,110.10, subject to final underwriting, based on updated payrolls and experience modification factors.

Contract Details

Contract Amount

$78,110.10 (Total Net Costs for 2026/27 policy year; premiums and fees before discounts total $90,599.00)

Vendor

ILLINOIS PUBLIC RISK FUND

Agency

Lincolnwood SD 74, IL

Contract Type

INSURANCE

Document Date

May 28, 2026

Contract Term

July 1, 2026 – July 1, 2027

Renewal Date

2027-07-01

Renewal Info

Proposal outlines annual workers compensation coverage with pricing derived from 2026 payroll estimates and a 2026 MOD factor of 1.11; prior years (2025/26) premiums and MOD factor of 0.89 are shown for comparison. Renewal will require final underwriting approval closer to the July 1, 2026 effective date.