Award

Cyber Liability insurance

BRITISH BUSINESS BANK PLC

This public procurement record has 1 release in its history.

Award

15 Apr 2026 at 13:13

Summary of the contracting process

The British Business Bank PLC, located in Sheffield, UK, has completed a procurement process for Cyber Liability insurance services. The contract, valued at £75,000, was directly awarded without competition to the supplier AON. This project falls under the central government public authority category and is classified in the financial and insurance services industry. The procurement stage concluded with the contract signed on 31st March 2026, set to last until 31st March 2027. The supplier is a large-scale business based in London, demonstrating its capacity for such a sizeable and specialised service provision.

This procurement represents a significant opportunity for businesses specialising in comprehensive insurance solutions, particularly those capable of handling cyber liability aspects for sizeable entities like the British Business Bank. Businesses in the insurance sector, especially those with capabilities in cyber security and liability, can consider similar future tenders from central governmental authorities seeking direct procurement routes. Even though this particular contract was awarded directly, it highlights potential market demand for cybersecurity-focused insurance services, suggesting prospective growth avenues for businesses in this segment.

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Notice Title

Cyber Liability insurance

Notice Description

Cyber Liability insurance for British Business Bank

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-06831d
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/034258-2026
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Below threshold - without competition
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£75,000 Under £100K

Notice Dates

Publication Date
15 Apr 20261 weeks ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
30 Mar 20263 weeks ago
Contract Period
31 Mar 2026 - 31 Mar 2027 6-12 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Active
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
BRITISH BUSINESS BANK PLC
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SHEFFIELD
Postcode
S1 2GQ
Post Town
Sheffield
Country
England

Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE3 South Yorkshire
Small Region (ITL 3)
TLE32 Sheffield
Delivery Location
Not specified

Local Authority
Sheffield
Electoral Ward
City
Westminster Constituency
Sheffield Central

Supplier Information

Number of Suppliers
1
Supplier Name

AON

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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