Decision details

Insurance London Consortium - Insurance Contracts

Decision Maker: Deputy Leader of the Council (Finance and Resources)

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Decision:

Recommendations

 

1.            To award the Motor Insurance contract to Zurich Municipal (ZM) at an annual premium of £16,091.74 from the period 1st April 2018 to 31st March 2023 (total estimated premium of £80,458.72 over five years)

 

2.            To award the Commercial Property Insurance contract to ZM at an annual premium of £97,706.05 from the period 1st April 2018 to 31st March 2023 (total estimated premium of £488,530.24 over five years)

 

3.            To award the Engineering Insurance and Inspection contract to ZM at an annual premium of £198,305.79 from the period 1st April 2018 to 31st March 2023 (total estimated premium of £991,528.96 over five years)

 

4.            To award the Crime insurance contract to Risk Management Partners (RMP) at an annual premium of £25,160 from the period 1st April 2018 to 31st March 2023 (total estimated premium of £125,800 over five years)

 

5.            To award the Personal Accident and Business Travel insurance contract to RMP at an annual premium of £592 from the period 1st April 2018 to 31st March 2023 (total estimated premium of £2,960 over five years)

 

6.            To award the School Journey insurance contract to RMP at an annual premium of £5,883.30 from the period 1st April 2018 to 31st March 2023 (total estimated premium of £29,416.48 over five years)

 

Publication date: 23/01/2018

Date of decision: 31/01/2018

Effective from: 08/02/2018

Accompanying Documents: