INSURANCEAPPROVED

Stockton University Board of Trustees Meeting Agenda May 7 2026

Board approves $1M pooled risk insurance payment

FY27: $1,000,000Stockton UniversityNJ STATE COLLEGES AND UNIVERSITIES RISK MANAGEMENT PROGRAM (THE COLLEGE OF NJ)May 4, 2026

Trusted by teams at

Description

The Board authorized a FY27 bid waiver of $1,000,000 to participate in the NJ State Colleges and Universities Risk Management Program administered by The College of New Jersey. The funding covers Stockton’s share of pooled property, liability, and related insurance premiums and risk management costs.

Contract Details

Contract Amount

FY27: $1,000,000

Vendor

NJ STATE COLLEGES AND UNIVERSITIES RISK MANAGEMENT PROGRAM (THE COLLEGE OF NJ)

Agency

Stockton University, NJ

Contract Type

INSURANCE

Document Date

May 4, 2026

Contract Term

FY27

Renewal Date

2027-06-30

Renewal Info

Covers FY27 participation; ongoing annual participation implied but not detailed.

Issuing Agency