Insurance services

Tender description

Portsmouth City Council (the Authority) is inviting tenders from Financial Conduct Authority (FCA) approved insurers to provide insurance cover across a number of requirements which the Authority has broken down into individual Lots. Tenders may be submitted for one, all or any combination of Lots. Broking services do not form part of this tender and bids will not be accepted from brokers. Contracts will commence on 30.6.2017 and will be let for a 3-year Long Term Agreement period with the option to extend for up to 2 further years in increments to be agreed to a maximum total term of 5 years, subject to the agreement and performance of both parties. Closing date for tender submissions will be 14:00 on Tuesday 18.4.2017. The estimated value of the combined requirements is approx. 7 200 000 GBP over the maximum 5 year period.. Property and Business Interruption Insurance — Covers the Authority's general property and housing portfolio, and loss of income from any resultant damage. Leasehold/RTB Insurance — Covers the Authority's Leaseholder property portfolio. Commercial Property Insurance — Covers the Authority's Commercial and Investment properties and loss of rental income from any resultant damage. Liability Insurance — Covers the Authority's Liability and associated covers. Motor Insurance — Covers the Authority's motor vehicles and associated liabilities. Engineering Inspection and Insurance — Covers the Authority's statutory requirement to inspect items of lifting equipment and pressure plant. PA and Travel Insurance — Covers annual travel trips for Authority staff, members and schools. Contractors Liability Insurance — Covers the Authority's liability for construction work in progress. Fine Arts Insurance — Covers the Authority's arts items at museums and other Authority locations.