Financial and insurance services

Tender description

On behalf of West London Waste Authority, Harrow Council is seeking tenders for the provision of Liability insurance, Property insurance, and Personal Accident insurance. The period of insurance will be 1.4.2019 to 31.3.2020, renewable annually, as part of a 3 year long-term agreement, with the option to extend for a further 2 years in increments of 12 months at the sole discretion of the Authority and based on the same terms and conditions. Property insurance: In the event of damage to the property insured stated in the schedule and occurring during the period of insurance the insurer will pay to the insured the value of the property at the time of its damage or at the insurer’s option indemnify the insured by reinstatement, replacement or repair. Provided always that the liability of the insurer will not exceed: (a) in the whole the total sum insured or in respect of any item its sum insured or any other limit of liability stated in the schedule at the time of the Damage; (b) the sum insured or limit remaining after deduction for any other Damage occurring during. The same period of insurance unless the insurer has agreed to reinstate any such sum insured or limit. Employers' liability: The insurer will indemnify the insured in respect of all sums which the insured may become legally liable to pay as damages in respect of injury caused during the period of insurance to any employee arising out of and in the course of their employment by the insured in the business. In addition to any claim for damages the insurer will pay costs and expenses. Public/products liability: Legal liability to pay damages and claimant’s costs and expenses for: (a) accidental bodily injury or illness to any person (other than employees); (b) accidental loss of or damage to third party property; (c) accidental obstruction, accidental trespass, accidental nuisance, accidental interference with pedestrian, road, rail, air or waterborne traffic, accidental invasion of the right of privacy, accidental interference with any right of air, light, water or way, wrongful interference with goods arising out of the usual activities of the Authority and resulting from events occurring during the period of insurance. Costs and expenses to defend claims payable in addition. Official’s indemnity: Indemnity to the insured for all sums which the insured shall become legally liable to pay as compensation for financial loss occasioned by an error committed or alleged to have been committed by any employee, which forms part of, or arises from, any powers conferred or duties placed upon that employee, arising out of the performance and exercise of the insured’s statutory functions and powers, in connection with the business occurring after the retroactive date stated in the schedule and which is both first made as a claim against the insured and notified to the insurer during the period of insurance. Libel and slander: Indemnify the insured in respect of all sums which the insured may become legally liable to pay as damages for: (a) libels appearing in any publications normal in the business by: (i) any member provided such publications were specifically authorised by the insured; (ii) any employee; (b) slanders in oral utterances made by any member or employee arising out of and in the course of: (i) the discharge of official duties on behalf of the insured; (ii) in the case of a member the insured’s official business at meetings or of the insured or its committees or subcommittees or any occasion when the member is specifically authorised to represent the insured. For which a claim is first made against the insured and notified to the insurer during the period of insurance or within 12 months of this part ceasing to operate. Personal accident — please refer to the specification for details.