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Council approves insurance renewal, adds government crime and cyber liability coverage
Summary
Council voted unanimously to renew property and liability insurance with Wichert Insurance, approving added government employee crime coverage and cyber liability coverage; premiums rose from $68,598 (2024) to $70,510 (2025).
Mayor Bob Jarvis presented the village’s property and liability insurance renewal from Wichert Insurance, reporting the annual premium increased from $68,598 in 2024 to $70,510 for 2025, a 2.9% rise the mayor attributed to higher property values.
Mayor Jarvis outlined optional add‑ons: a governmental crime option costing $506 annually to cover theft, forgery and funds transfers, and a cyber liability option costing $3,896 annually. Councilman Keith Bacin moved to renew the current policy and include both the government employee crime and cyber coverage; Councilman Todd Wise seconded. Roll call returned Yeas: 6; Nays: 0; Abstains: 0, and the motion carried.
"The increase was primarily due to property value increases," Mayor Jarvis said while presenting the renewal. The council did not request additional underwriting details at the Sept. 2 meeting; implementation will proceed through the village insurance provider.
