Decision details
Insurance Services Tender
Decision Maker: Cabinet
Decision status: For Determination
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
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:
Resolved:
That Cabinet notes:
1. The insurance lot structure and intended insurance arrangements;
That Cabinet agrees:
1. To delegate the award of the relevant contracts to the winning bidders to the Corporate Director, Resources, in consultation with the Cabinet Member for Finance, Development Management, and Strategic Planning.
Reason for Decision:
Not having insurance cover in place would expose the Council to significant financial risk.
Reason Key: Expenditure > £500,000;
Other reasons / organisations consulted
Consultation will be carried out with
residential leaseholders and shared owners under Section 20 of the
Landlord and Tenant Act 1985.
Contact: Kay Beckett Email: kay.beckett@wiltshire.gov.uk.
Report author: Cabinet Report Management Group
Publication date: 22/01/2025
Date of decision: 21/01/2025
Decided at meeting: 21/01/2025 - Cabinet
Effective from: 30/01/2025
Accompanying Documents:
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