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Board authorizes renewal with Gallagher after insurance premiums rise
Summary
After reviewing renewal quotes, the board authorized the mayor to renew the village's insurance with Gallagher despite increases across liability, police, and public-officials packages.
The Village Board authorized renewal of its insurance package with agent Gallagher after reviewing the new premium figures. Chair presented final numbers showing the liability package rose from about $40,002 last year to roughly $42,005 this year; the police package and public-officials coverage also increased. Rich made the motion to authorize renewal with Gallagher, Guy seconded, and the board approved it by voice vote.
Members noted the total unallocated insurance cost exceeded the current budget and suggested seeking quotes earlier next year. “The liability package last year was $40,002.16 65. This year, it's $42,005.70 82,” Chair read aloud as part of the renewal discussion, and the board accepted the motion to renew with Gallagher.
