Sherman ISD To Join TEE RM Insurance Pool

Sherman ISD plans to enter into an interlocal participation agreement with TEE Risk Management to obtain pooled property, casualty, liability, and auto coverage for the 2025–2026 policy year at an annual premium of $1,423,014. The pool structure provides shared and dedicated limits without a multi‑year commitment.

Scope & details

The full contract record, as filed.

Contract amount

$1,423,014 annual premium

Contract type

INSURANCE

Contract term

09/01/2025 – 09/01/2026

Renewal date

2026-09-01

Renewal

Interlocal participation and associated program agreements automatically renew annually unless terminated by either party with 30 days’ prior written notice before renewal; termination for nonpayment may trigger liquidated damages equal to 50% of the annual contribution for the participation term.

Document type

Agenda

Source document

Sherman Independent School District Agenda Consider Approval of Property, Casualty, Liability, and Auto Insurance Coverage 2025-08-18

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Sherman Independent School District Proposal Consider Approval of Property, Casualty, Liability, and Auto Insurance Coverage 2026-08-17

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the insurance contract by Sherman Independent School District?

Tee Risk Management was awarded this insurance contract by Sherman Independent School District, as recorded on August 18, 2025. The contract value is $1,423,014 annual premium.

How much is the Tee Risk Management contract with Sherman Independent School District worth?

The Tee Risk Management contract with Sherman Independent School District is valued at $1,423,014 annual premium, covering insurance work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Sherman Independent School District Agenda Consider Approval of Property, Casualty, Liability, and Auto Insurance Coverage 2025-08-18 (Agenda), dated August 18, 2025 from Sherman Independent School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Tee Risk Management hold?

Tee Risk Management 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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What is Sherman Independent School District currently buying?

Explore Sherman Independent School District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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