Property insurance services

Tender description

The City of Edinburgh Council assets are publicly owned; it requires to protect these by means of a suitable insurance programme. The Council currently insures its owned and operational buildings (lot 1) for the perils of fire, lightning, explosion and aircraft with a 250 000 GBP excess. Since the commencement of the current long- term agreement there have been no claims above the excess under the owned and operational policy. The Council also currently insures leased-out industrial and commercial policies (lot 2) as well as leased-out theatres (lot 3) for the perils of fire, lightning, explosion and aircraft with a Nil excess, all other perils with a 250 GBP excess. It is intended to agree a new long-term agreement with the successful tenderer(s) for a period of 5 years with 2 2-year discretionary extensions. It is intended to continue with a 3 lot structure: 1. Owned and operational properties; 2. Leased-out industrial and commercial policies; 3. Leased-out theatres. The Council currently insures its owned and operational buildings for the perils of fire, lightning, explosion and aircraft with a 250 000 GBP excess. Since the commencement of the current long- term agreement there have been no claims above the excess under the owned and operational policy. Leased-out industrial and commercial properties are insured for fire, lightning, explosion and aircraft with a Nil excess, all other perils with a 250 GBP excess. Leased-out theatres are insured for fire, lightning, explosion and aircraft with a Nil excess, all other perils with a 250 GBP excess.