Our current 5 year contract for Insurance
Services ends on 31/03/2025. This contract covers our potential
financial liabilities for a variety of insurance claims, including
our properties, motor fleet and drivers and public
liabilities.
The report sets out two options to provide this cover and asks that
a decision is made on these options, which are:
1) Re-tender the Insurance service contract with a third party
provider, or
2) Self Insure the costs of Insurance claims and costs to repair
damage to our own assets from the Council’s financial
resources.
Additionally, should the decision be made to re-tender, that the
decision in terms of the contract award is delegated to the
Council's s. 151 Officer.
Decision type: Key
Reason Key: Expenditure > £500,000;
Decision status: For Determination
Notice of proposed decision first published: 09/09/2024
Decision due: 14 Jan 2025 by Cabinet
Lead member: Cllr Nick Botterill, Cabinet Member for Finance, Development Management and Strategic Planning nick.botterill@wiltshire.gov.uk
Lead director: Lizzie Watkin (Director - Finance and Procurement)
Department: Finance and Procurement
Contact: Kay Beckett Email: kay.beckett@wiltshire.gov.uk.
Consultation process
Consultation will be carried out with
residential leaseholders and shared owners under Section 20 of the
Landlord and Tenant Act 1985.