Decision Maker: Deputy Leader of the Council (Finance and Resources)
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Lambeth are members of the Insurance London
Consortium (ILC). The members of ILC have been very successful in
procuring its insurance policies to date. The leasehold building
insurance policy is expiring on 31st March 2018. This procurement
will ensure that the council maintains continuity of cover and
allow us to have in place an appropriate and comprehensive
insurance policy to protect the council’s liabilities and
properties in accordance with the terms of our Lease.
1. To award the Leasehold Building insurance contract to AJG/NIG at an annual premium of £2,674,040 from the period 1st April 2018 to 31st March 2023 (total estimated premium of £13,370,201 over five years).
Publication date: 23/02/2018
Date of decision: 05/03/2018
Effective from: 13/03/2018