Decision details

Award of Contract: County Council Insurance Provision OKD21 21/22

Decision Maker: Director of Law and Assurance

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

West Sussex County Council is approaching the end of its existing Long-Term Agreements with insurers for Material Damage, Casualty, Motor, Crime, Personal Accident covers. In line with Public Procurement legislation, authority has been given by the Director of Law and Assurance to commence a procurement exercise to tender the insurance portfolio in time for renewal on 29 September 2021.

Decision:

The Director has agreed:

 

(1)        That the renewal terms quoted by Risk Management Partners on behalf of AIG and QBE for the period 29th September 2021 – 28th September 2022 are accepted.

(2)        That external insurances for commercial / casualty combined (all cover) for West Sussex County Council be implemented by entering in to a 3 year LTA commencing 29th September 2021 with RMP on behalf of AIG and QBE with an option to extend for a further period of 2 years at the end of the 3 year period at a cost for the renewal with RMP of £2.0m.

(3)        That the insurances for engineering combined, terrorism, drones and airside liability be implemented in accordance with standalone quotes in accordance with brokers recommendations.

(4)        That the County Council retain existing deductibles of £250,000 for material damage and £750,000 for casualty combined.

 

Interests and Nature of Interests Declared:

None

Publication date: 23/09/2021

Date of decision: 23/09/2021

Effective from: 05/10/2021

Accompanying Documents: