Issue - meetings

                       Report by Chief Executive Officer Alistair Cunningham

Cllr Simon Jacobs, Cabinet Member for Finance and Procurement introduced a report setting out (i) the process that is being followed to obtain tenders for insurance cover for the Council; (ii) the timetable being followed; and (iii) to delegate authority for the decision on the award of contract(s) to the winning bidders, based on the agreed evaluation criteria, to the Director of Finance and Procurement.

Cllr Jacobs explained that the Council’s current 5 year contract with Zurich Municipal for Insurance Services ends on 31March 2020. The contract covers the Council’s potential financial liabilities for a variety of insurance claims, including Council properties, motor fleet and drivers and public liabilities. The procurement process commenced in December 2019 to secure insurance

cover with effect from 1April 2020 to ensure that the Council has the right

cover in place for its risks.

Resolved: To delegate to the Director of Finance in conjunction with the Cabinet Member for Finance and Procurement the decision to award the insurance cover to the successful bidders.

Reason for Proposal(s):

Not having insurance cover in place would expose the Council to significant

financial risk.