D122 Renews Insurance Policies for Nearly $490,000
The New Lenox School District 122 Board of Education has renewed its property/casualty and worker’s compensation insurance policies for the 2025-2026 school year, with total costs amounting to nearly $490,000.
The board approved both renewals with the Collective Liability Insurance Cooperative (CLIC), a group of hundreds of Illinois school districts that pool resources to purchase insurance coverage at affordable rates. The upcoming school year will mark the district’s third year as a member of the cooperative.
The property and casualty insurance renewal comes at a total cost of $353,358. This policy covers the district’s buildings, property, and various forms of liability.
The worker’s compensation insurance policy was renewed for a total cost of $133,731. According to a pricing comparison sheet from CLIC, this represents a 1.6% decrease from the previous year’s cost of $135,873. The reduction is partly due to a 2.3% decrease in the modified premium, despite a 3.5% increase in the district’s total payroll.
Business Manager Robert Groos presented both renewals to the board. The measures were approved unanimously as part of the consent agenda, following a motion by board member Bill Pender and a second by Vice President David Rush.
–
Latest News Stories
Trump warns of consequences if GOP fails to kill the filibuster
ICE, OK officers arrest 70 foreign nationals, half illegally driving semi-trucks
Government shutdown harming U.S. energy and jobs due to frozen EPA permitting
Congressional Perks: Congress spends on pricey airfare, lodging and private jets
All eyes turn to Supreme Court as challenge tests presidential power
New Lenox D122 Explores Life Safety Bonds to Fund $8M Tyler School HVAC Project
New Lenox Battalion Chief Honored with MABAS Humanitarian Award
California voters approve congressional redistricting measure
ELECTION DAY 2025: NYC elects Mamdani, Democrats sweep VA, NJ governors’ races
Madison clerk to use coroner’s death records to fix voter rolls
Trump plans breakfast meeting with all GOP senators
Teacher unions sue to protect student loan forgiveness