Issue - meetings

        To receive a report from the Corporate Director Resources.

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.

Cllr Nick Botterill, Cabinet Member for Finance, Development Management and Strategic Planning presented the report setting out the process to obtain tenders for the council’s insurance cover.    

Cllr Botterill explained that the current 5-year contracts for insurance services end on 31 March 2025 and they cover the Council’s potential financial liabilities for a variety of insurance claims such a public and employers’ liability, motor vehicles and buildings. The procurement process started in December 2024 to secure insurance cover from 1 April 2025, to ensure that the council has the right cover in place, including those covers that are required by law.

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.