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Franklin County Technical School District Committee Minutes April 8 2026

District Plans Exit from Hampshire County Insurance Trust

Franklin County Regional Vocational TechnicalHAMPSHIRE COUNTY INSURANCE TRUSTApril 8, 2026

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

Franklin County Technical School is ending its participation in the Hampshire County Insurance Trust effective July 1, 2026, while retaining responsibility for claims incurred through June 30, backed by about $305,720 on deposit. The change is part of a broader shift to a captive insurance program to control premium increases.

Contract Details

Vendor

HAMPSHIRE COUNTY INSURANCE TRUST

Agency

Franklin County Regional Vocational Technical, MA

Contract Type

INSURANCE

Document Date

April 8, 2026

Contract Term

Through June 30, 2026 (district leaving effective July 1, 2026)

Renewal Date

2026-07-01

Renewal Info

Participation in the trust will terminate effective July 1, 2026; remaining funds on deposit will cover run-out claims. No renewal is planned as the district is transitioning to a new insurance arrangement.

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