Civic IQ
FINANCIAL_SERVICESAMENDED

clay_county_board_of_commissioners_minutes_august.pdf

County Buys Out Insurance Broker Contract with NIS

Approximately $48,000 (2026 contract buyout)Clay CountyNATIONAL INSURANCE SERVICES (NIS)August 26, 2025

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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

The Board acknowledged its existing broker contract with National Insurance Services through 2026 and agreed to buy out the 2026 term for approximately $48,000. This amendment clears the way for the County to change insurance brokers effective January 1, 2026.

Contract Details

Contract Amount

Approximately $48,000 (2026 contract buyout)

Vendor

NATIONAL INSURANCE SERVICES (NIS)

Agency

Clay County, MN

Contract Type

FINANCIAL_SERVICES

Document Date

August 26, 2025

Contract Term

Through 2026, with early termination via buyout for 2026

Renewal Date

2026-12-31

Renewal Info

Contract originally ran through 2026; Board action effectively terminates and buys out the 2026 term rather than renewing.

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