Award

The Provision of Insurance - Casualty Insurance - Excess Layer 1 (PS25m over PS50m)

HAMPSHIRE COUNTY COUNCIL

This public procurement record has 1 release in its history.

Award

10 Apr 2024 at 14:08

Award Notice
Summary of the contracting process

The Hampshire County Council has awarded a contract for the provision of Casualty Excess Layer Insurance. The contract, titled "The Provision of Insurance - Casualty Insurance - Excess Layer 1 (£25m over £50m)", aims to increase the Council's liability limits to provide indemnity for various risks. The procurement stage was completed through a single tender action, with a total contract value of £49,823.20. The contract period is from April 1st, 2024, to March 31st, 2025, with the tender period ending on March 27th, 2024. The location of the procurement is in Winchester, SO23 8UJ, and falls under the services category.

This tender provides an opportunity for businesses in the insurance services sector to engage with Hampshire County Council. The procurement method used was a direct approach through a single tender action process. Businesses in the insurance industry, especially those providing liability insurance services, may find this tender suitable for competing. Given the contract's value and specific requirements, large-scale insurance service providers like Marsh Limited may be well-suited to participate and potentially expand their business through this procurement opportunity.

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Notice Information

Notice Title

The Provision of Insurance - Casualty Insurance - Excess Layer 1 (PS25m over PS50m)

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.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-89f149fa-2a8d-47ec-b274-ede906a83e77
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/db10cea1-d710-40d0-a708-ca64bc940512
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
£49,823 Under £100K
Lots Value
Not specified
Awards Value
£49,823 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

Buyer & Supplier

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 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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