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
- NIGP code
- UNSPSC codes
- 64121500 Property insurance contracts
- 84131500 Insurance services for structures and property and possessions
- 84131512 Electronic equipment insurance
- 84131504 Cargo insurance
- 64122300 Casualty insurance contracts
- 84131501 Building or building contents insurance
- 84131502 Homeowners or renters insurance
- 84131506 Reinsurance services
- 84131507 Business interruption insurance
- 84131508 Cash in transit insurance
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). | $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 |
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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