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.
Decision type: Key
Reason Key: Expenditure/Income over £5m & policies or new income, reserves use, overspend over £300K;
Decision status: Recommendations Approved
Wards affected: (All Wards);
Notice of proposed decision first published: 17/05/2023
Report access: Open report with exempt appendix;
Report Type: Key Decision;
Decision due: 17 Jul 2023 by Cabinet
Lead member: Cabinet Member for Finance and Reform
Lead director: Executive Director of Finance and Corporate Services
Department: Finance Department
Contact: Ray Chitty Email: Ray.Chitty@rbkc.gov.uk Tel: 07739 315 565, Beverly Mills Email: beverly.mills@rbkc.gov.uk.
What is the total value of the decision?: Yes