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Board approves insurance renewal, opts for higher deductible to cut premium by roughly $600,000
Summary
The board approved an insurance renewal package recommended by broker Cliff Taylor, selecting Option 2 which raises the village's self-insured retention to $500,000 and lowers the annual premium by about $600,000 (from approximately $2.1M toward $1.5M).
The Village of Dalton Board of Trustees voted Aug. 4 to approve a new liability insurance renewal recommended by broker Cliff Taylor. Trustees approved the broker’s Option 2, which raises the village’s self-insured retention (SIR) to $500,000 and reduces the annual premium to roughly $1.5 million — a reported savings in premium of about $600,000 from the prior arrangement.
Cliff Taylor told the board the Cook County insurance market has been…
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