Insurance services

Tender description

Edinburgh Trams Ltd (ETL) currently insures the primary layer with a 10 000 000 GBP limit of indemnity. The policy has a 10 000 GBP deductible in respect of third-party property damage and 100 000 GBP in respect of third-party injury to pedal cyclists moped and motorcycle riders (applied wef 31/5/16). Since the commencement of the current long-term agreement there has only been 6 third-party property sub-deductible claims. Following the application of the specific third-party injury deductible there has been seventeen sub-deductible claims all of which have been successfully repudiated. Edinburgh Trams Ltd (ETL) is wholly owned by the City of Edinburgh Council and is operated as an arms-length company. It requires to protect it liabilities by means of a suitable insurance programme comprising Public and Products Liability and Motor Fleet Third Party Liability covers. ETL currently insures the primary layer with a 10 000 000 GBP limit of indemnity. The policy has a 10 000 GBP deductible in respect of third-party property damage and 100 000 GBP in respect of third-party injury to pedal cyclists moped and motorcycle riders (applied wef 31/5/16). Since the commencement of the current long-term agreement there has only been 6 third-party property sub-deductible claims. Following the application of the specific third-party injury deductible there has been seventeen sub-deductible claims all of which have been successfully repudiated. It is intended to agree a new long-term agreement with the successful tenderer(s) for a period of 3 years with 2 x 1-year discretionary extensions.