Purpose

Cabinet will be asked to approve main
insurance arrangements for council assets and liabilities from 1st
July 2024

Decision

Report: Insurance arrangements from 1st
July 2024 – Contract Extension.

Presented by: Councillor Chris Wilkins - Finance

 
Cabinet:
 
1. Agreed the extension of the Main
Insurance Contract with the existing suppliers for 1+1+1 years
based on the indicative terms as set out in the report detail.
 
2. Delegated authority to
the Insurance Manager in consultation with the Strategic Director
of Resources to agree final terms and agree the extensions on an
annual basis during the 36-month extension period.
 
3. Noted the progress made
in identifying and compiling available property risk information
and the need to invest in improving the level of detail available
including surveys and valuation programme.