INSURANCEAPPROVED

Township of Sables-Spanish Rivers Regular Meeting Minutes Oct 2025

Three-Year Insurance Contract Approved with MIS Insurance Services

$167,857.00Township of Sables-Spanish RiversMIS INSURANCE SERVICESOctober 12, 2025

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Description

Township Council approved the municipal insurance renewal proposal from MIS Insurance Services, accepting a three-year agreement with an initial annual premium of $167,857. This covers general, umbrella, physical, crime, auto, accident, legal, and cyber insurance for 2026–2029.

Contract Details

Contract Amount

$167,857.00

Vendor

MIS INSURANCE SERVICES

Agency

Township of Sables-Spanish Rivers, Canada

Contract Type

INSURANCE

Document Date

October 12, 2025

Contract Term

Three-year LTA (Long Term Agreement) commencing January 1, 2026; annual premium stated for year 1; renewal through January 1, 2029

Renewal Date

2029-01-01

Renewal Info

Three-year long term agreement (LTA) for municipal insurance, with reduced premiums for each renewal term through 2029. Future annual premiums may be further reduced as per LTA terms. Policy renewals are annual within the three-year LTA.

Related Contracts

Issuing Agency

Township of Sables-Spanish Rivers

Township

Massey, Canada

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Vendor