Decision details
Insurance Policies Renewal
PDF 205 KBDecision Maker: Head of Finance and Resources and Section 151 Officer
Decision status: Approved
Is Key decision?: Yes
Is subject to call in?: No
Decision:
To approval the annual renewal of the insurance policies within the 3 year Long Term Arrangement (with 2 year optional extension) which was awarded in October 2019 to Zurich Municipal, with the exception of the engineering contract, which was awarded to British Engineering Services.
Reasons for the decision:
To secure best value for the Council, whilst ensuring adequate insurance cover.
Alternative options considered:
The Council followed European (OJEU) procurement rules to fully test the insurance market in 2019/20. The chosen contracts were the most financially attractive for the Council. These insurance renewal premiums have not increased above those estimated within the Long Term Arrangement, therefore we do not have the opportunity to leave the current insurers without incurring a penalty.
Reason Key: Revenue Income or Expenditure of £75,000 or more;
Declarations: None.
Contact: Theresa Fletcher, Service Director Finance & Section 151 Officer Email: theresa.fletcher@bolsover.gov.uk.
Publication date: 29/09/2020
Date of decision: 28/09/2020
Accompanying Documents: