Marsh Insurance Contract Spurs Search For Cheaper Coverage
Town of PrescottCity · Prescott, ON- Disclosed value
- prior decrease of 19% (approximately $68,000 savings) in 2023; approximately 20% increase on property in 2024; 3%–5% increase on liability and auto in 2024; approximately 4% increase in 2025; anticipated 5% increase over current rates for 2026/2027 if renewed
- From agendapacket
- Document date
- Aug 10, 2026
The 30-second brief
Marsh Insurance currently provides the Town of Prescott’s property, liability, and automobile insurance under a contract awarded after a 2023 RFP that initially cut premiums by about $68,000. Subsequent premium increases of up to 20% on property and projected 5% for 2026/2027 have prompted staff to recommend switching providers.
Marsh Insurance holds this insurance contract with Town of Prescott. Its other public contracts on record include work for Township of Puslinch and Winn Parish School District.
Term as filed: Coverage since 2023 RFP award through 2025/2026 policy term; potential 2026/2027 renewal.
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Contract details
- Contract type
- Insurance
- Amount
- prior decrease of 19% (approximately $68,000 savings) in 2023; approximately 20% increase on property in 2024; 3%–5% increase on liability and auto in 2024; approximately 4% increase in 2025; anticipated 5% increase over current rates for 2026/2027 if renewed
- Document date
- August 10, 2026
- Term
- Coverage since 2023 RFP award through 2025/2026 policy term; potential 2026/2027 renewal
- Vendor
- Marsh Insurance
- Agency
- Town of Prescott
- Source document
- Prescott Town Council AgendaPacket 2026-08-10 (AgendaPacket)
Marsh Insurance's other public contracts
More Town of Prescott contracts
Questions about this contract
Who was awarded the insurance contract by Town of Prescott?
Marsh Insurance was awarded this insurance contract by Town of Prescott, as recorded on August 10, 2026. The contract value is prior decrease of 19% (approximately $68,000 savings) in 2023; approximately 20% increase on property in 2024; 3%–5% increase on liability and auto in 2024; approximately 4% increase in 2025; anticipated 5% increase over current rates for 2026/2027 if renewed.
How much is the Marsh Insurance contract with Town of Prescott worth?
The Marsh Insurance contract with Town of Prescott is valued at prior decrease of 19% (approximately $68,000 savings) in 2023; approximately 20% increase on property in 2024; 3%–5% increase on liability and auto in 2024; approximately 4% increase in 2025; anticipated 5% increase over current rates for 2026/2027 if renewed, 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 Prescott Town Council AgendaPacket 2026-08-10 (AgendaPacket), dated August 10, 2026 from Town of Prescott. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Marsh Insurance hold?
Marsh Insurance may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Town of Prescott currently buying?
Explore Town of Prescott's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.