NCACC Insurance Renewal Increases Costs for KARTS
Kerr Area Rural Transportation Authority (Karts)Public Authority · Henderson, NC- Disclosed value
- $381,544 per year for liability and property; $69,878 per year for workers comp
- From minutes
- Document date
- May 14, 2024
The 30-second brief
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.
NCACC holds this insurance contract with Kerr Area Rural Transportation Authority (Karts). Its other public contracts on record include work for Pender county Housing Department and Alamance County Transportation Authority.
Term as filed: Effective July 1, 2024; annual insurance renewal.
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Contract details
- Contract type
- Insurance
- Amount
- $381,544 per year for liability and property; $69,878 per year for workers comp
- Document date
- May 14, 2024
- Term
- Effective July 1, 2024; annual insurance renewal
- Vendor
- NCACC
- Source document
- Kerr Area Rural Transportation Authority Board Meeting Minutes May 2024 (Minutes)
NCACC's other public contracts
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Questions about this contract
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.
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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.
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.