city_of_elgin_committee_of_the_whole_meeting_agend.pdf
City Recommends Renewal of Alliant Property Insurance Program
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Description
City staff recommend renewal of the Alliant Property Insurance Program for property, inland marine, and cyber liability coverage at an annual premium of $474,294 for the July 1, 2021 through June 30, 2022 term. The proposed program increases deductibles but maintains broad coverage and higher limits than alternative carriers could offer.
Contract Details
Contract Amount
$474,294
Vendor
ALLIANT PROPERTY INSURANCE PROGRAM
Agency
City of Elgin city, IL
Contract Type
INSURANCE
Document Date
September 24, 2025
Contract Term
July 1, 2021 – June 30, 2022
Renewal Date
2022-06-30
Renewal Info
Annual property, inland marine, and cyber liability policy renewal with APIP, including an all‑risk deductible increase from $25,000 to $50,000 per occurrence for premium savings; prior term was July 1, 2020 – June 30, 2021 at $349,649. Future renewals are expected annually around July 1, subject to market conditions.
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