1. To award the Corporate Property insurance contract to Protector at an annual premium of £746,800 from the period 1 April 2022 to 31 March 2027 (total estimated maximum premium of £4,032,724 over five years) based on a three-year contract with provision to extend for a further two years.
2. To award the Corporate Terrorism insurance contract to Charles Taylor Services at an annual premium of £65,542 from the period 1April 2022 to 31 March 2027 (total estimated maximum premium of £325,218 over five years) based on a three-year contract with provision to extend for a further two years.
3. To award the Corporate Liability insurance contract to Zurich at annual premium of £383,086 from the period 1 April 2022 to 31 March 2027 (total estimated maximum premium of £2,068,664 over five years) based on a three-year contract with provision to extend for a further two years.
The total maximum value of the three contracts is £6,426,606
Decision type: Key
Reason Key: 2. Financial;
Decision status: Recommendations Approved
Wards affected: (All Wards);
Notice of proposed decision first published: 13/09/2021
Decision due: 3 Mar 2022 by Cabinet Member for Finance and Performance
Lead member: Cabinet Member for Finance and Performance
Lead director: Strategic Director: Finance and Investment
Department: Finance and Investment
Contact: Maureen Dennie, Insurance Manager Email: mdennie@lambeth.gov.uk Tel: 020 7926 9846.