Purpose

This report sets out the recommended contract
awards for the Councils Insurance programme for the following
contracts: Property and Residential Leasehold Buildings for
contract commencement date of 1 April 2024.

Decision

1.   
It is recommended that the Strategic Director of
Finance in consultation with the Cabinet Member for Finance and
Reform, approves the following contract awards pending completion
of section 20 Stage 2 consultation with leaseholders and
appropriate sign off of due regard of responses:
 

Contract

Insurer

Year 1 premium
£’000

Estimated 5-year Premium
£’000

Contract Period

Property

Protector Insurance

847

4,235

5 years

Residential Leasehold Buildings

Protector Insurance

2,648

13,240

5 years

 
2.   
To note that Appendices 2 and 3 are not for
publication on the basis that they contain information relating to
the financial or business affairs of any particular person
(including the authority holding that information) as set out in
paragraph 3 of Schedule 12A of the Local Government Act 1972 (as
amended).