Issue - decisions

Insurance Contract Award 2024-2029 Property & Leasehold Buildings

11/03/2024 - Insurance Contract Award 2024-2029 Property & Leasehold Buildings

1.    It is recommended that the Strategic Director of Finance in consultation with the Cabinet Member for Finance and Reform, approves the following contract awards pending completion of section 20 Stage 2 consultation with leaseholders and appropriate sign off of due regard of responses:

 

Contract

Insurer

Year 1 premium

£’000

Estimated 5-year Premium

£’000

Contract Period

Property

Protector Insurance

847

4,235

5 years

Residential Leasehold Buildings

Protector Insurance

2,648

13,240

5 years

 

2.    To note that Appendices 2 and 3 are not for publication on the basis that they contain information relating to the financial or business affairs of any particular person (including the authority holding that information) as set out in paragraph 3 of Schedule 12A of the Local Government Act 1972 (as amended).