Renewal of Insurance Contracts

March 28, 2024 Acting Chief Executive (barbara.childs@horsham.gov.uk) (Officer) Key decision Approved View on council website
Full council record
Content

i)    
To approve the renewal of the following insurance
contracts for the following premiums for the period 1 April 2024 to
31 March 2025 together with any expenditure associated with
renewing the contracts:
 

Insurer A

Commercial Property

£112,829.41

Insurer A

General Property

£33,604.78

Insurer B

Terrorism

£10,800.00

 
ii)   
To agree the auto-renewal of the following insurance
contracts commencing on 1 April 2024 for which quotes are awaited,
and, iii) following receipt of the
quotes, to approve the renewal of the insurance contracts provided
that the contract terms and the premiums are substantially the same
as in the year to 31 March 2024, save for an acceptable market
increase to the premiums.
 

Insurer C

Local Authority Combined
Policy

To be confirmed (was
£321,219.65 in year to 31 March 2024)

Insurer C

Fidelity Guarantee

To be confirmed (was
£6,501.60 in year to 31 March 2024)

Insurer C

Engineering
Inspection

To be confirmed (was
£28,519.61 including VAT in year to 31 March 2024)

Insurer C

Loss of Revenue

To be confirmed (was
£3,343.78 in year to 31 March 2024)

 

Supporting Documents

Acting Chief Executive Decision - Renewal of Insurance Contracts.pdf

Details

OutcomeRecommendations Approved
Decision date28 Mar 2024