City Maintains Pooled Property and Liability Coverage

The City of Monroe’s property and liability coverage for all departments has been carried through the Interlocal Risk Financing Fund of NC, with a $607,000 premium in FY 2023 and $807,310 budgeted for FY 2024. This pooled risk arrangement provides broad property and liability protection across City operations.

Scope & details

The full contract record, as filed.

Contract amount

$607,000 (FY 2023 premium); budgeted $807,310 (FY 2024)

Contract type

INSURANCE

Contract term

Fiscal Year 2023 and Fiscal Year 2024

Renewal date

2024-06-30

Renewal

FY 2024 premium budgeted at $807,310, reflecting renewal and increase from prior year; later staff pursued alternative carrier (Travelers) for property and casualty lines.

Document type

AgendaPacket

Source document

City of Monroe General Services Committee Agenda Packet 2023-08-03

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the insurance contract by City of Monroe?

Interlocal Risk Financing Fund of Nc was awarded this insurance contract by City of Monroe, as recorded on August 3, 2023. The contract value is $607,000 (FY 2023 premium); budgeted $807,310 (FY 2024).

How much is the Interlocal Risk Financing Fund of Nc contract with City of Monroe worth?

The Interlocal Risk Financing Fund of Nc contract with City of Monroe is valued at $607,000 (FY 2023 premium); budgeted $807,310 (FY 2024), covering insurance work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Monroe General Services Committee Agenda Packet 2023-08-03 (AgendaPacket), dated August 3, 2023 from City of Monroe. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Interlocal Risk Financing Fund of Nc hold?

Interlocal Risk Financing Fund of Nc 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 Interlocal Risk Financing Fund of Nc's profile

What is City of Monroe currently buying?

Explore City of Monroe's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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