City of Peoria Joint City Council & Town Board Meeting Agenda May 2026
City Renews Major Insurance Program via Gallagher
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Description
The City of Peoria plans to renew its liability, cyber, and crime insurance coverages through its broker Arthur J. Gallagher Risk Management Services, effective June 1, 2026. The package totals $868,909 in premiums plus a $14,729 broker service fee for comprehensive municipal risk coverage.
Contract Details
Contract Amount
$868,909 total insurance premiums plus $14,729 service fee
Vendor
ARTHUR J. GALLAGHER RISK MANAGEMENT SERVICES
Agency
Town of Akron, IL
Contract Type
INSURANCE
Document Date
May 12, 2026
Contract Term
Renewal effective June 1, 2026 (coverage period not fully specified, likely one year)
Renewal Info
Renewal of multiple insurance lines placed via Arthur J. Gallagher Risk Management Services, including liability, auto, public officials, employment practices, crime, and cyber; flat-cost renewal effective June 1, 2026 with self-insured retention of $1,000,000 and coverage limits up to $5,000,000 plus umbrella.
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City of Peoria Joint City Council & Town Board Meeting Agenda May 2026
City of Peoria Joint City Council & Town Board Meeting Agenda May 2026
City of Peoria Joint City Council & Town Board Meeting Agenda May 2026
City of Peoria Joint City Council & Town Board Meeting Agenda May 2026
City of Peoria Joint City Council & Town Board Meeting Agenda May 2026
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