Issue - meetings
Insurance Tender 2015
Meeting: 18/06/2015 - Cabinet (Item 11)
11 Insurance Tender 2015 
PDF 32 KB
(Report of the Portfolio Holder for Operations and Assets)
Additional documents:
Minutes:
The Report of the Portfolio Holder for Operations and Assets to advise Cabinet that the Authority’s insurance requirements will be tendered during 2015, to seek endorsement of the contract brief and to request approval to delegate authority to the Director of Finance to award the contract was considered.
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RESOLVED: |
That Cabinet |
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1. |
endorsed the contract brief for the for the procurement of Insurance contracts;
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2. |
agreed to delegate authority to the Director of Finance to award the contracts to the successful insurers following any negotiation with the insurers to finalise the contracts;
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3. |
endorsed the continual use of the current insurance Reserves for self-insurance liabilities;
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4. |
agreed that Terrorism cover is not required; and
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5. |
endorsed that part of any premium reductions achieved are utilised to establish funds, at an appropriate level, to cover the potential future impact on revenue budgets of increased excesses.
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(Moved by Councillor R Pritchard and seconded by Councillor D Cook) |
