Issue - meetings

Authority to award Tri-Borough Motor Insurance contract following capitalesourcing and OJEU compliant tender process

Meeting: 30/03/2015 - Cabinet (Item 174)

174 Authority to award shared services Motor Insurance contract for LBHF, RBKC and WCC following capitalesourcing and OJEU compliant tender process pdf icon PDF 217 KB

Additional documents:

Minutes:

1.1.        That approval be given to the award of motor insurance and claims handling to Zurich Municipal in accordance option 1 in the report (£250,000 self-retained deductible) on a three year long term agreement at an annual premium of £6,532.50 plus Insurance Premium Tax of £391.95 and claims handling services at £3,300 plus recoverable VAT at 20% (total contract award over 3 years £29,497.50 plus Insurance Premium Tax of £1,175.85).

1.2.        To noted that RBKC will the award of motor insurance and claims handling to Zurich Municipal in accordance option 1 in the report (£250,000 self-retained deductible) on a three year long term agreement at an annual premium of £6,535.50 plus Insurance Premium Tax of £392.13 and claims handling services at £4,400 plus recoverable VAT at 20%. Total contract award over 3 years £32,806.50 plus Insurance Premium Tax of £1176.39.

1.3.        To noted that WCC will award of motor insurance and claims handling to Zurich Municipal in accordance option 1 in the report (£250,000 self-retained deductible) on a three year long term agreement at an annual premium of £13,425.75 plus Insurance Premium Tax of £805.55 and claims handling services at £9,180 plus recoverable VAT at 20%. Total contract award over 3 years £67,817.25 plus Insurance Premium Tax of £2,416.65.