Decision details

Insurance arrangements from 1st July 2024

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

Cabinet will be asked to approve main insurance arrangements for council assets and liabilities from 1st July 2024

Decision:

Report: Insurance arrangements from 1st July 2024 – Contract Extension.

Presented by: Councillor Chris Wilkins - Finance

 

Cabinet:

 

1. Agreed the extension of the Main Insurance Contract with the existing suppliers for 1+1+1 years based on the indicative terms as set out in the report detail.

 

2. Delegated authority to the Insurance Manager in consultation with the Strategic Director of Resources to agree final terms and agree the extensions on an annual basis during the 36-month extension period.

 

3. Noted the progress made in identifying and compiling available property risk information and the need to invest in improving the level of detail available including surveys and valuation programme.  

 

Report author: Paula McLoughlin

Publication date: 13/06/2024

Date of decision: 12/06/2024

Decided at meeting: 12/06/2024 - Cabinet

Effective from: 20/06/2024

Accompanying Documents: