Lincolnwood School District 74 StaffReport 2026-27 Collective Liability Insurance Cooperative Renewal 2026-06-25
District Renews 2026-27 Liability Insurance With CLIC
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Description
Lincolnwood School District 74 is recommended to renew its 2026-27 Property/Casualty and Fiduciary Liability coverage with the Collective Liability Insurance Cooperative (CLIC) for $113,188, a slight decrease from the prior year. The renewal is based on favorable loss experience and reviewed by the Finance Committee for Board action.
Contract Details
Contract Amount
$113,188
Vendor
COLLECTIVE LIABILITY INSURANCE COOPERATIVE CLIC
Agency
Lincolnwood SD 74, IL
Contract Type
INSURANCE
Document Date
June 25, 2026
Contract Term
Fiscal Year 2027 (2026-27 policy year)
Renewal Info
Renewal of annual Property/Casualty and Fiduciary Liability insurance through CLIC for the 2026-27 fiscal year at a total premium of $113,188, compared to $114,111 in 2025-26. Future renewals will likely be evaluated annually based on loss experience and pricing.
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