INSURANCEAPPROVED

City of Peekskill Common Council Minutes 2026-05-26

Peekskill Continues Workers’ Comp Insurance with PERMA

$980,363.00 total premium (after 2% discount); $571,878.40 for 6/1/2026–12/31/2026; $408,484.60 for 1/1/2027–5/31/2027City of PeekskillPUBLIC EMPLOYER RISK MANAGEMENT ASSOCIATION (PERMA)May 26, 2026

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Description

Peekskill will continue its workers’ compensation insurance with Public Employer Risk Management Association (PERMA) for the June 1, 2026 to May 31, 2027 term at a discounted premium of $980,363. The coverage is arranged through Alliant Insurance Services and funded across multiple city operating funds.

Contract Details

Contract Amount

$980,363.00 total premium (after 2% discount); $571,878.40 for 6/1/2026–12/31/2026; $408,484.60 for 1/1/2027–5/31/2027

Vendor

PUBLIC EMPLOYER RISK MANAGEMENT ASSOCIATION (PERMA)

Agency

City of Peekskill, NY

Contract Type

INSURANCE

Document Date

May 26, 2026

Contract Term

June 1, 2026 – May 31, 2027

Renewal Date

2027-05-31

Renewal Info

Follows a 15-year history of coverage with PERMA; this action renews coverage for the 2026-2027 policy year with potential for future renewals subject to council approval.

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