City of Portsmouth Fiscal Year 2027 Proposed Annual Budget 2026-05-28
Primex to Provide Workers’ Comp and Property & Liability Insurance for FY27
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Description
The City of Portsmouth approved participation in Primex for its Workers’ Compensation and Property & Liability insurance coverages for FY27, with a total budgeted cost of $1,948,047. Both coverages experienced increases due to member exposure changes and claims experience.
Contract Details
Contract Amount
$1,948,047 (Workers’ Compensation: $1,084,649; Property & Liability: $863,398)
Vendor
PRIMEX NH PUBLIC RISK MANAGEMENT EXCHANGE
Agency
Portsmouth School District, NH
Contract Type
INSURANCE
Document Date
May 28, 2026
Contract Term
Fiscal Year 2027
Renewal Date
2027-06-30
Renewal Info
Annual participation with renewal at fiscal year end; CAP rate controls discontinued affecting rate changes.
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