Burlington Board of Electric Commissioners Agenda November 2025
FM Global Property Insurance Quote Not Selected by BED
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Description
FM Global offered a property insurance quote to the Burlington Electric Department, but the bid was not selected due to higher costs compared to expiring carrier consortium.
Contract Details
Contract Amount
$975,285 (quoted premium, not selected)
Vendor
FM GLOBAL
Agency
Burlington International Airport (City of Burlington, Department of Aviation), VT
Contract Type
INSURANCE
Document Date
November 12, 2025
Renewal Info
FM Global's program is regularly benchmarked as an alternative; currently not used due to higher premium. Option may be reconsidered annually.
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approvedIssuing Agency
Burlington International Airport (City of Burlington, Department of Aviation)
Airport Authority
VT
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