Decision details

Casualty Insurance and Claims Handling Service Tender

Decision Maker: Executive

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

Retender of the Council's casualty insurance (Employers' Liability, Public Liability, Libel and Slander, Officials' Indemnity and Professional Negligence) and claims handling agents

Decision:

That the Casualty Insurance and Claims Handling Services contract due to commence on 1st April 2015 be awarded as follows:-

 

i)          That Tenderer B should be accepted for the provision of casualty insurance and claims handling services

 

ii)         That the Council increase the deductible for casualty insurance from £25,000 to £50,000

 

iii)         That the Council increases the annual budget provision for insurance deductible payments to £196,000.

Reasons for the decision:

To enable the continuation of a high quality casualty insurance provider and claims handling service delivering the best value for money.

Alternative options considered:

The current insurance contract had to be retendered under EU procurement rules following the breaking of the long term agreement in place by the insurer, Travelers.

Interests and Nature of Interests Declared:

None.

Reason Key: Expenditure > £400,000;

Corporate Priorities : To improve corporate governance and partnership working.;

Wards Affected: (All Wards);

Financial Impact: Dependent on the state of the insurance market

Declarations: None.

Subject to Urgent Proceedings: No.

Making Representations: In writing to the Director of Corporate Services

Other reasons / organisations consulted

Meeting.

Consultees

Service Efficiency Group

Contact: Helen Rogers, Insurance Officer Email: helen.rogers@bracknell-forest.gov.uk Tel: 01344 352094.

Report author: Helen Rogers

Publication date: 27/01/2015

Date of decision: 27/01/2015

Decided at meeting: 27/01/2015 - Executive

Effective from: 05/02/2015

Accompanying Documents: