Decision details

This Part 2 report contains information which is exempt from Access to Information requirements by virtue of paragraph 3 – Information relating to the financial or business affairs of any particular person (including commercially sensitive information to the bidding companies).

The information contained in this report may not be published or circulated beyond this report and will remain sensitive for the length of the contract.

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 set out in the report.

Reason for Decision

The existing contract for Commercial Properties will expire 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.

The recommendation provides best value for money for Commercial & Industrial Properties insurance for the Council following a thorough evaluation process and also supports Business Services ability to provide insurance cover for Surrey County Council.