Purpose

Approval of the procurement
strategy for the corporate insurances (property and liability)
retender

Decision

1. 
That the procurement strategy outlined in the report
to carry out an open tender procedure for the liability insurances
contract and associated claims handling for a period of three years
at an estimated contract value of £883,550 per annum
including insurance premium tax (IPT, charged at 12%) and VAT where
applicable from 1October 2025, with the option to extend for a
maximum additional two single years making a total estimated
contract value of £4,417,750 be approved.
 
2. 
That the procurement strategy outlined in the report
to carry out an open tender procedure for the property and related
insurances contract and associated claims handling for a period of
three years at an estimated contract value of £2,641,644 per
annum including IPT and VAT where applicable from 1 October 2025,
with the option to extend for a maximum additional two single years
making a total estimated contract value of £13,208,220 be
approved.
 
3. 
That the procurement strategy outlined in the report
to carry out an open tender procedure for the personal accident and
school travel insurances contract for a period of three years at an
estimated contract value of £65,000 per annum including IPT
from 1 October 2025, with the option to extend for a maximum
additional two single years making a total estimated contract value
of £325,000 be approved.