Insurance Services

Tender description

Orbit is seeking to source a suitable single provider/broker to cover and manage Orbit's Insurance requirements. The provider should be able to cover at a minimum the insurance services marked with a * below and ideally, all lines of insurance. However, where this is not possible, options will be reviewed. Tender submissions will be sought from service providers for Insurance Policies for Orbit to commence on 1st April 2026. Orbit requires the contract to be provided on a 3 + 2 + 2 year long term agreement with provision of a claim's performance bonus or risk management fund for Orbit. The policy will then renew annually from 1st April every subsequent year of cover. All full premiums are required to be quoted on an annual basis, confirm where rates are guaranteed and for how long, be net of commission and all discounts, IPT and VAT where applicable must be shown separately but also included. Any brokerage fees should be noted separately but also included. Any commissions or brokerage fees should be made explicitly clear and subject to prior agreement of Orbit. Insurance services should cover the following: • *General Rented Property • *Leasehold/Shared Ownership/RTB/Private Leasehold Retirement • *Commercial and Office Buildings • *Landlord Contents • *Newbuild awaiting sale • *Private Rented • *Works in Progress • *Business Interruption • *All Risk (specified equipment) • *Money • *Public and Product Liability including Financial Loss Extension (Asbestos cover) • *Employers Liability (Asbestos cover) • *Motor Fleet & Legal Protection • *Terrorism • *Commercial Property Owners • Libel and Slander • Professional Negligence • Group Personal Accident • Computers • Contract All Risks, Works • Contractors Plant • Travel • Fidelity Guarantee • Cyber • Directors & Officers Liability