Meridian CUSD #223 Report Workers Compensation Insurance Renewal 2026-06-12
Board to Consider Workers' Compensation Insurance Renewal with CLIC
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Description
Meridian CUSD #223 administration has recommended the Board approve the workers’ compensation insurance renewal for 2026–2027 with the Collective Liability Insurance Cooperative (CLIC) at a gross cost of $105,891. An anticipated equity return of $26,174 will further reduce net district expenses, highlighting improved risk management performance. Board action on this renewal is pending.
Contract Details
Contract Amount
$105,891
Vendor
COLLECTIVE LIABILITY INSURANCE COOPERATIVE (CLIC)
Agency
Meridian CUSD 223, IL
Contract Type
INSURANCE
Document Date
June 12, 2026
Contract Term
2026–2027 fiscal year
Renewal Date
2027-06-30
Renewal Info
Annual renewal; equity return issued separately. Renewal reflects improved MOD factor and favorable loss ratios. No automatic renewal terms stated.
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