City of Peoria Joint City Council & Town Board Meeting Agenda Packet May 2026
City Renews Liability and Cyber Insurance via Gallagher
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Description
The City of Peoria renewed its liability, cyber, and crime insurance coverages through its broker Arthur J. Gallagher Risk Management Services, effective June 1, 2026. The total annual premium is $868,909 with an additional $14,729 broker service fee, maintaining $5 million liability limits and $2 million cyber coverage.
Contract Details
Contract Amount
$868,909 total insurance premium plus $14,729 service fee
Vendor
ARTHUR J GALLAGHER RISK MANAGEMENT SERVICES
Agency
Town of Hallock, IL
Contract Type
INSURANCE
Document Date
May 12, 2026
Contract Term
Renewal effective June 1, 2026 for one year (implied by annual coverage)
Renewal Date
2027-06-01
Renewal Info
Annual insurance placement renewed effective June 1, 2026 with Arthur J. Gallagher as broker; continuation beyond the policy year will require future renewals.
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