Award

Provision of Insurance - Professional Indemnity (General)

HAMPSHIRE COUNTY COUNCIL

This public procurement record has 1 release in its history.

Award

14 Apr 2025 at 12:24

Summary of the contracting process

Hampshire County Council has concluded the procurement process for the provision of Professional Indemnity Insurance services. The procurement, completed through a competitive quotation method below the threshold, falls under the industry category of professional liability insurance services (CPV Code 66516500). Located in Winchester, the contract awarded is valued at £121,716 and spans from 1st April 2025 to 31st March 2026. The award notice was published on 14th April 2025, following the tender period which ended on 27th March 2025.

This tender presents significant opportunities for businesses in the insurance industry, specifically those specialising in professional indemnity cover. Given the competitive nature of the procurement method involving limited quotations, large-scale insurance providers like CNA Insurance Company Limited, which has been awarded this contract, are well-suited to compete in such processes. The contract duration offers a stable business opportunity to secure governmental insurance needs, fostering growth for qualified firms capable of providing comprehensive liability coverage.

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Notice Title

Provision of Insurance - Professional Indemnity (General)

Notice Description

Professional Indemnity insurance is a specialised branch of liability insurance which is most commonly purchased as a stand-alone policy. Professional Indemnity insurance provides liability cover against third party claims for financial loss, damage or injury arising from a breach of professional duty, negligent acts, errors or omissions of Hampshire County Council in its professional capacity.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-85f86249-b874-4481-aa46-5e874c25d5e5
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/96048c9f-5d27-4865-a444-3593a87b3075
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Competitive quotation (below threshold)
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66516500 - Professional liability insurance services

Notice Value(s)

Tender Value
£121,716 £100K-£500K
Lots Value
Not specified
Awards Value
£121,716 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
14 Apr 202510 months ago
Submission Deadline
27 Mar 2025Expired
Future Notice Date
Not specified
Award Date
28 Mar 202511 months ago
Contract Period
31 Mar 2025 - 31 Mar 2026 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

CNA INSURANCE

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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