Decision details

(1) That insurance contracts be awarded for one year and nine months from 1^st August 2016 to 30^th April 2018 with an option to extend for a further year as recommended in the report.

(2) That the Council should continue not to purchase “pool Re2 Terrorism cover as recommended in the report.

(3) That First loss Terrorism Cover be purchased as recommended in the report.

(4) That authority to approve the optional one year extension be delegated to the Director of Finance in consultation with the Resources Portfolio Holder.

Following the Portfolio Holder’s approval in March 2016 to re-run the tenders for various Council insurances following the early expiration of the Crown Commercial Services framework, a further tender process has been carried out using the OJEU process. Contracts are proposed to run for one year and nine months from 1^st August 2016 with an option to extend for one year. It is essential to maintain appropriate levels of insurance cover to ensure adequate cover for Council properties, assets and services.