INSURANCEAPPROVED

New Jersey Institute of Technology Awards Insurance Contract to Arthur J. Gallagher Risk Management Services Llc (September 2026)

NJIT approved renewal of its property and casualty insurance programs through Arthur J. Gallagher Risk Management Services, LLC. The twelve-month renewal is expected to total approximately $4,362,523 and covers multiple lines of insurance with renewals effective September 30 and October 30, 2026.

Document date · September 14, 2026

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
approximately $4,362,523
Contract type
INSURANCE
Contract term
twelve-month period; renewals effective September 30, 2026 and October 30, 2026
Renewal date
2027-09-30
Renewal
Broker negotiates with carriers and manages/pays most property and casualty policies as third-party agent. Renewals are based on current market trends, historical claims, and current coverage limits; estimated renewal premium increase is 14%.
Document type
AgendaPacket
Source document
New Jersey Institute of Technology AgendaPacket Public Session Meeting 2026-09-17

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the insurance contract by New Jersey Institute of Technology?

Arthur J. Gallagher Risk Management Services Llc was awarded this insurance contract by New Jersey Institute of Technology, as recorded on September 14, 2026. The contract value is approximately $4,362,523.

How much is the Arthur J. Gallagher Risk Management Services Llc contract with New Jersey Institute of Technology worth?

The Arthur J. Gallagher Risk Management Services Llc contract with New Jersey Institute of Technology is valued at approximately $4,362,523, covering insurance work.

What type of contract is this?

This is a Insurance contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in New Jersey Institute of Technology AgendaPacket Public Session Meeting 2026-09-17 (AgendaPacket), dated September 14, 2026 from New Jersey Institute of Technology. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Arthur J. Gallagher Risk Management Services Llc hold?

Arthur J. Gallagher Risk Management Services Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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