Award

The Provision of Insurance - Casualty Insurance - Excess Layer 2 (PS25m over PS75m)

HAMPSHIRE COUNTY COUNCIL

This public procurement record has 1 release in its history.

Award

10 Apr 2024 at 14:16

Summary of the contracting process

The Hampshire County Council has completed the procurement process for Casualty Excess Layer Insurance, a commercial insurance policy covering public and products liability, employers' liability, and pollution liability. The contract value is £28,000, with a direct procurement method using a single tender action. The contract period runs from April 1, 2024, to March 31, 2025. The insurer Marsh Limited was awarded the contract, with the tender closing on March 27, 2024, and the contract awarded on April 10, 2024.

This insurance tender awarded by the Hampshire County Council presents opportunities for insurance companies specialising in liability insurance services to grow their business. Businesses that are experienced in providing insurance coverage against injury, property damage, and financial losses from public activities could compete for similar tenders in the future. Understanding the specific insurance needs of a public entity like the County Council is crucial for successful participation in such procurement processes.

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Notice Title

The Provision of Insurance - Casualty Insurance - Excess Layer 2 (PS25m over PS75m)

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-b5fd17-49acc79b-d1f5-4d68-81e2-8a38e1c94732
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/7c56dd88-72cb-418d-9447-984d50759803
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
£28,000 Under £100K
Lots Value
Not specified
Awards Value
£28,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
10 Apr 20241 years ago
Submission Deadline
27 Mar 2024Expired
Future Notice Date
Not specified
Award Date
27 Mar 20241 years ago
Contract Period
31 Mar 2024 - 31 Mar 2025 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
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
WINCHESTER
Postcode
SO23 8UJ
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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