Decision Maker: Strategic Director of Finance and Corporate Services
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
To approve the award of contracts for corporate insurance including liabiility but excluding property insurance
1. That the award of the liability insurance contract, following single supplier negotiations, to RMP QBE in the sum of £410,220 per annum for a period of 2 years plus the option to extend for a further year making a total contract value of £1,230,660 starting from the 1 October 2015 be approved.
2. That the award of the liability insurance claims handling to Gallagher Bassett in line with the liability insurers requirement, in the sum of £116,054 per annum for a period of 2 years plus the option to extend for a further year making a total contract value of £348,162, also starting from the 1 October 2015 be approved.
3. That the insurance contract is with QBE and is placed by Arthur J Gallagher (AJG) and also that there will be a direct contract with Gallagher Bassett for the claims handling element be noted.
Publication date: 23/07/2015
Date of decision: 22/07/2015
Effective from: 31/07/2015
Accompanying Documents: