Decision details

Provision of Commercial and Industrial Properties Insurance Services

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To seek Cabinet approval to award a contract for Insurance Policy for Commercial & Industrial Properties.

Decision:

RESOLVED:

 

That a contract be awarded for the provision of Commercial and Industrial Properties Insurance Service to Protector Insurance, starting from 1 April 2018, for a period of three years with the option to extend for up to a further two years. The estimated annual value of the contract was £115,285, plus 12% insurance premium tax.

 

Reasons for Decision

 

The current contract for commercial properties was expiring on 31 March 2018 and putting a new contract in place ensures there is appropriate insurance cover for the commercial property portfolio owned by the Council and its subsidiary, Halsey Garton Property Ltd.

 

This recommendation provides best value for money for Commercial & Industrial Properties insurance for the Council following a thorough evaluation process.

 

[The decisions on this item can be called in by the Corporate Services Select Committee]

 

Publication date: 28/02/2018

Date of decision: 27/02/2018

Decided at meeting: 27/02/2018 - Cabinet

Effective from: 08/03/2018

Accompanying Documents: