INSURANCEAPPROVED

Village of Ballston Spa Proposal Tactical Risk Solutions 2026-05-21

Village Renews Multi-Line Coverage With NYMIR

$84,055.18 (Commercial Package), $33,626.00 (Business Auto), $250.00 (Owners and Contractors Protective Liability), $14,308.00 (Excess Liability), plus $11,000.00 agency fee; total NYMIR premium $143,239.18 for 26-27Village of Ballston SpaNEW YORK MUNICIPAL INSURANCE RECIPROCALMay 21, 2026

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Description

The Village of Ballston Spa approved renewal of its comprehensive insurance package with New York Municipal Insurance Reciprocal for the 06/01/2026–06/01/2027 term, totaling $143,239.18 in premiums plus an $11,000 agency fee. The program covers property, general liability, auto, law enforcement, public officials, crime, equipment breakdown, OCP, and excess liability.

Contract Details

Contract Amount

Vendor

NEW YORK MUNICIPAL INSURANCE RECIPROCAL

Agency

Village of Ballston Spa, NY

Contract Type

INSURANCE

Document Date

May 21, 2026

Contract Term

06/01/2026 - 06/01/2027

Renewal Date

2027-06-01

Renewal Info

NYMIR policies renew annually; quote will expire 45 days from issuance or on the proposed effective date, whichever is earlier. Renewal requires signed applications, updated schedules, and municipal budget, and is on a claims-made basis for certain lines such as Public Officials Liability with full prior acts.

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