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

23 Mar 2022 at 13:14

Award Notice
Summary of the contracting process

The procurement process involves Hampshire County Council seeking suppliers for the provision of Casualty Insurance - Excess Layer 1 valued at approximately £43,115.52. This procurement is categorised under liability insurance services and is classified as a single tender action below threshold, reflecting a streamlined approach in the tendering process. The contract is set to commence on April 1, 2022, and will run until March 31, 2023. The procurement was awarded on March 23, 2022, and the relevant delivery address is located in Winchester, England.

This opportunity presents a viable pathway for businesses in the insurance sector, particularly those offering specialised insurance policies. Companies with expertise in casualty insurance and the ability to manage liability risk are well-suited to compete in this niche market. The direct procurement method employed suggests that Hampshire County Council is looking for established providers who can meet specific insurance needs efficiently, allowing for potential growth and expanded offerings for competitive service providers.

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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-fa84a3d4-34a7-4d8f-94ba-186048a7906d
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/469d7406-8a13-4d45-b078-c10e5755fd00
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
£43,115 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

Buyer & Supplier

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 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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