Village of Pelham Board of Trustees Regular Meeting Minutes 2026-05-12
Village renews multi-year workers’ compensation coverage
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Description
The Village of Pelham Board renewed its workers’ compensation insurance coverage through FOA and Son Insurance Corp. under a three-year arrangement with PERMA, with a first-year contribution of $361,811 starting June 1, 2026. Contributions for the second and third years will be adjusted based on loss experience.
Contract Details
Contract Amount
$361,811.00 for first year; future years based on loss experience
Vendor
FOA & SON INSURANCE CORP
Agency
Village of Pelham, NY
Contract Type
INSURANCE
Document Date
May 12, 2026
Contract Term
June 1, 2026 through May 31, 2029
Renewal Date
2029-05-31
Renewal Info
Three-year workers’ compensation coverage term beginning June 1, 2026 and ending May 31, 2029 under a multiple-year contract option; first-year contribution fixed at $361,811, with subsequent years’ contributions based on specified loss ratio formulas.
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