Award

The Provision of Insurance - Casualty Insurance - Excess Layer 4 (PS50m over PS125m)

HAMPSHIRE COUNTY COUNCIL

This public procurement record has 1 release in its history.

Award

23 Mar 2022 at 13:23

Summary of the contracting process

The procurement process involves Hampshire County Council, which is seeking to provide casualty insurance through a single tender action for Excess Layer 4, valued at £33,600. The tender, identified as "The Provision of Insurance - Casualty Insurance - Excess Layer 4 (£50m over £125m)," is classified under liability insurance services and forms part of the council's risk management strategy. The contract period is set to commence on 1 April 2022 and will run until 31 March 2023. The procurement stage is marked as 'Award', with the tender period concluding on 23 March 2022.

This tender represents a significant opportunity for insurance providers, particularly those specialising in liability insurance services. Businesses that excel in providing comprehensive insurance solutions, notably those that can handle public and products liability, employers' liability, and pollution liability, would be well-positioned to compete. Engaging in tenders like this could enhance market presence and drive growth, especially for larger firms capable of managing extensive insurance portfolios necessary for governmental requirements.

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Notice Title

The Provision of Insurance - Casualty Insurance - Excess Layer 4 (PS50m over PS125m)

Notice Description

Casualty Excess Layer Insurance is a commercial Insurance Policy purchased to increase Hampshire County Council's limits of liability over the primary insurance cover of PS50million, to provide appropriate indemnity for the County Council's risks. This insurance is on a Combined Liability basis and consists of Public and Products Liability, Employers' Liability and Pollution Liability and provides insurance against third party claims for injury, damage to property and financial loss arising from activities as a County Council. This includes claims against the County Council arising from the use of the Highways.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-2f5ff83c-0836-4ef3-b3bd-594ea606cf2f
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/b65ca379-ca6f-4e7b-9a00-730771be3b88
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Single tender action (below threshold)
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66516000 - Liability insurance services

Notice Value(s)

Tender Value
£1
Lots Value
Not specified
Awards Value
£33,600 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
23 Mar 20223 years ago
Submission Deadline
23 Mar 2022Expired
Future Notice Date
Not specified
Award Date
23 Mar 20223 years ago
Contract Period
31 Mar 2022 - 31 Mar 2023 6-12 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
HAMPSHIRE COUNTY COUNCIL
Contact Name
Sheona Holman
Contact Email
insurance.queries@hants.gov.uk
Contact Phone
01962 847327

Buyer Location

Locality
WINCHESTER
Postcode
SO23 8ZB
Post Town
Southampton
Country
England

Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ3 Hampshire and Isle of Wight
Small Region (ITL 3)
TLJ36 Central Hampshire
Delivery Location
Not specified

Local Authority
Winchester
Electoral Ward
St Michael
Westminster Constituency
Winchester

Supplier Information

Number of Suppliers
1
Supplier Name

MARSH

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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