OOD - Property Insurance - SMQ

Active Open Market Small Purchase Illinois Awarded

Contract number
27-493ISP-ADMIN-P-101026
Awardee
Forsyth Insurance Group, Inc
Contracting organization
Office of the Director
Contract amount
$2,621

Award facts

Completion date

Award details come from bidbuy.illinois.gov. Updated .

About this award

The State of Illinois, through the Office of the Director, awarded a contract to Forsyth Insurance Group, Inc. on August 20, 2026, for commercial insurance coverage of properties held by the Illinois State Police Asset Forfeiture Division. The contract, designated as Open Market Small Purchase 27-493ISP-ADMIN-P-101026, carries a total contract value of $2,621.00 and covers a one-year performance period extending from the date of final purchase order signature through June 30, 2027. The primary place of performance includes two insured properties: 414 Madison Street in Joliet, Illinois (valued at $233,000), and additional properties in Waterloo, Illinois.

The services delivered under this award comprise a Commercial Package Policy providing comprehensive commercial general liability coverage with limits of $2,000,000 general aggregate and $1,000,000 per occurrence, commercial property coverage for the specified asset forfeiture division properties, medical expense coverage of $5,000 per person, and damage coverage for rented premises of $100,000 per location. The insurance policy is underwritten by Great Lakes Insurance SE through Forsyth Insurance Group, Inc., with coverage commencing July 29, 2026, and continuing for twelve months. The contract includes provisions for policy cancellation upon sale of individual properties, with coverage removal for any disposed assets during the contract term.

Line items

Item Total
414 Madison Street, Joliet, IL 60435 - Built 1963 - $233,000 (Insured Amount). 1 Year × $2,621.00 $2,621.00
Requirements: The Illinois State Police (ISP) requires insurance coverage for two properties currently owned via asset forfeiture. ISP will be selling the properties, and if a property is sold, the coverage for that particular property will be removed from the policy. Coverage is to begin upon the… —

Files

File Type Posted
Director ILSP Asset Forfeiture Division.pdf PDF

Quick answers

Who was awarded contract 27-493ISP-ADMIN-P-101026?

Contract 27-493ISP-ADMIN-P-101026 was awarded to Forsyth Insurance Group, Inc by Office of the Director in Illinois on August 20, 2026.

How much is contract 27-493ISP-ADMIN-P-101026 worth?

Its contract amount is $2,621.

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