Decision details

Insurance tender 2024-2029

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes


The Council’s full insurance programme is due for tender 1/4/2024.The contracts to be tendered are for the following insurance policies - Property, Liability, Residential Leasehold Buildings , Crime, Personal Accident & Travel, School Journey, Terrorism, Motor, Engineering Inspection, Directors & Officers.
Insurance is required to provide protection of the Councils assets and liabilities. For residential leasehold the lease agreement between the Council and residential leaseholders requires the Council, as freeholder, to arrange building insurance to cover the re-instatement value of the leaseholder’s asset and the two stage Section 20 procedure will be followed.


1.            To note and approve the proposed procurement strategy for tendering the Councils insurance requirements and allied engineering inspection services, commencement of this formal tender process, intended compliance with the Public Contract Regulations and the need to seek suitable authority on a sovereign basis to award the contract after evaluation. Estimated contract award for all lots, based on 2023/24 premiums is £20M over a period of 5 years.


2.            To note that due to the likely contract value the award to be returned to Cabinet for approval.

Report author: Ray Chitty

Publication date: 18/07/2023

Date of decision: 17/07/2023

Decided at meeting: 17/07/2023 - Cabinet

Effective from: 22/07/2023

Accompanying Documents: