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 3rd-party property damage and 100 000 GBP in respect of third-party injury to pedal cyclists moped and motorcycle riders (applied wef 31.5.2016). Since the commencement of the current long-term agreement there has only been 6 3rd-party property sub-deductible claims. Following the application of the specific 3rd-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 3rd 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 3rd-party property damage and 100 000 GBP in respect of 3rd-party injury to pedal cyclists moped and motorcycle riders (applied wef 31.5.2016). Since the commencement of the current long-term agreement there has only been 6 3rd-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 three years with 2 one-year discretionary extensions.