Decision details

Award of Contracts for Insurance

Decision Maker: Strategic Director of Finance, Commercialisation and Corporate Services

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

Contracts for various insurance cover are due to expire.




Decision:

To go to the market and tender the contract to reduce risk to the Council.

The Council used the Crown Commercial Services Framework Agreement to reduce overheads in the procurement process and issued tender documents in July 2019.

Following evaluation of offers, tenders have been accepted and contracts awarded to two providers

Axa Art Insurance - specifically for insurance for museum artworks and

Zurich Municipal - for all other covers,(Material Damage, Fidelity Guarantee, Combined Liability, Motor Insurance, Engineering & Inspection, Group Personal Accident & Travel and Computers).


Alternative options considered:

Option 1 - Self Insure
Option 2 - Join Local Government Mutual
Option 3 - Go out to the market and tender the contract(s)

Publication date: 19/11/2019

Date of decision: 19/11/2019