INSURANCERENEWED

NCACC Insurance Renewal Increases Costs for KARTS

KARTS received renewal terms from NCACC for its liability, property, and workers’ compensation coverage, with annual premiums increasing to $381,544 and $69,878 respectively effective July 1, 2024. The higher rates will impact the FY25 operating budget unless offset by additional county contributions.

Status
RENEWED
Document date
May 14, 2024
Contract type
INSURANCE
Vendor
NCACC
Agency
Kerr Area Rural Transportation Authority (Karts) · NC

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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

Scope & details

The full contract record, as filed.

Contract amount
$381,544 per year for liability and property; $69,878 per year for workers comp
Contract type
INSURANCE
Contract term
Effective July 1, 2024; annual insurance renewal
Renewal date
2025-07-01
Renewal
Annual liability, property, and workers compensation coverage renewed effective July 1, 2024 with premium increases; additional renewal specifics not provided.
Document type
Minutes
Source document
Kerr Area Rural Transportation Authority Board Meeting Minutes May 2024

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the insurance contract by Kerr Area Rural Transportation Authority (Karts)?

NCACC was awarded this insurance contract by Kerr Area Rural Transportation Authority (Karts), as recorded on May 14, 2024. The contract value is $381,544 per year for liability and property; $69,878 per year for workers comp.

How much is the NCACC contract with Kerr Area Rural Transportation Authority (Karts) worth?

The NCACC contract with Kerr Area Rural Transportation Authority (Karts) is valued at $381,544 per year for liability and property; $69,878 per year for workers comp, covering insurance work.

What type of contract is this?

This is a Insurance contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Kerr Area Rural Transportation Authority Board Meeting Minutes May 2024 (Minutes), dated May 14, 2024 from Kerr Area Rural Transportation Authority (Karts). Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does NCACC hold?

NCACC may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View NCACC's profile

What is Kerr Area Rural Transportation Authority (Karts) currently buying?

Explore Kerr Area Rural Transportation Authority (Karts)'s vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Kerr Area Rural Transportation Authority (Karts)'s profile

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