--- title: "Insurance Cover" ocid: "ocds-h6vhtk-0347c8" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0347c8" markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-0347c8.md" json_url: "https://d3tenders.com/contract/ocds-h6vhtk-0347c8.json" source: "Find A Tender Service" current_stage: "Tender" buyer: "JOBS & BUSINESS GLASGOW" published: "2022-06-17" --- # Insurance Cover Buyer: JOBS & BUSINESS GLASGOW Current stage: Tender OCID: ocds-h6vhtk-0347c8 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0347c8) [Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-0347c8.json) ## Summary The public procurement process involves Jobs & Business Glasgow seeking tenders for insurance services under the title "Insurance Cover." The procurement falls within the services category, primarily dealing with asset and activity coverage for the organisation and its subsidiaries. The procurement process is currently at the active tender stage, with submissions due by 18th July 2022. The preferred contract period is three years, with an option to extend for an additional year, and the minimum requirement includes electronic submissions through the designated platform. This tender presents significant opportunities for growth, particularly for businesses specialising in insurance services, including but not limited to liability, property, and professional indemnity insurance. Companies that meet the stringent criteria of being FCA-regulated insurers with solid credit ratings will be well positioned to compete. The competitive procedure invites multiple suppliers, fostering a dynamic environment for insurers looking to expand their portfolio within the Glasgow area. ## Notice Jobs & Business Glasgow (JBG) requires the organisation's assets and activities to be adequately covered by insurance provided by reputable and regulated insurers. Any subsidiary company of JBG must also be covered. ### Lot Information Excess Layer As stated in the procurement documents. Additional information: The preferred contract award period is for 3 years with the option to extend for a further year (3 plus 1). Jobs & Business Glasgow will however consider alternative rating stability options, with a minimum initial award period of 2 years and the option to extend up to a total of 4 years (2 plus 1 plus 1). Renewal: Option to extend for up to 12 months. Management Liability As stated in the procurement documents. Additional information: The preferred contract award period is for 3 years with the option to extend for a further year (3 plus 1). Jobs & Business Glasgow will however consider alternative rating stability options, with a minimum initial award period of 2 years and the option to extend up to a total of 4 years (2 plus 1 plus 1). Renewal: Option to extend for up to 12 months. Engineering Inspection As stated in the procurement documents. Additional information: The preferred contract award period is for 3 years with the option to extend for a further year (3 plus 1). Jobs & Business Glasgow will however consider alternative rating stability options, with a minimum initial award period of 2 years and the option to extend up to a total of 4 years (2 plus 1 plus 1). Renewal: Option to extend for up to 12 months. Material Damage and Business Interruption As stated in the procurement documents. Additional information: The preferred contract award period is for 3 years with the option to extend for a further year (3 plus 1). Jobs & Business Glasgow will however consider alternative rating stability options, with a minimum initial award period of 2 years and the option to extend up to a total of 4 years (2 plus 1 plus 1). Renewal: Option to extend for up to 12 months. Casualty including Employers and Public/Products Liability As stated in the procurement documents. Additional information: The preferred contract award period is for 3 years with the option to extend for a further year (3 plus 1). Jobs & Business Glasgow will however consider alternative rating stability options, with a minimum initial award period of 2 years and the option to extend up to a total of 4 years (2 plus 1 plus 1). Renewal: Option to extend for up to 12 months. Professional Indemnity As stated in the procurement documents. Additional information: The preferred contract award period is for 3 years with the option to extend for a further year (3 plus 1). Jobs & Business Glasgow will however consider alternative rating stability options, with a minimum initial award period of 2 years and the option to extend up to a total of 4 years (2 plus 1 plus 1). Renewal: Option to extend for up to 12 months. ## Key Details | Field | Value | | --- | --- | | Publication source | Find A Tender Service | | Latest notice | https://www.find-tender.service.gov.uk/Notice/016675-2022 | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Selective | | Procurement method details | Competitive procedure with negotiation | | Tender suitability | Not specified | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 17 Jun 2022 | | Submission deadline | 18 Jul 2022 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | Not specified | | Recurrence | Approximately 3-4 months before the end of this contract (including any applicable extension). | ## Values | Field | Value | | --- | --- | | Tender value | Not specified | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Active | | Lots status | Active | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | JOBS & BUSINESS GLASGOW | | Locality | GLASGOW | | Post town | Glasgow | | Postcode | G4 0UW | | Country | Scotland | | ITL 1 | TLM Scotland | | ITL 2 | TLM3 West Central Scotland | | ITL 3 | TLM32 Glasgow City | | Local authority | Glasgow City | | Electoral ward | Calton | | Westminster constituency | Glasgow North East | | Delivery location | TLM82 Glasgow City | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66510000 - Insurance services - 66515000 - Damage or loss insurance services - 66515200 - Property insurance services - 66516000 - Liability insurance services - 66516400 - General liability insurance services - 66516500 - Professional liability insurance services - 66519200 - Engineering insurance services ## Release History - 17 Jun 2022 at 12:12 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/016675-2022 ## Notice URLs - http://www.jbg.org.uk/ - http://www.publiccontractsscotland.gov.uk - https://api.publiccontractsscotland.gov.uk/v1/Notice?id=ocds-r6ebe6-0000697163 - https://www.publiccontractsscotland.gov.uk/ESPD/ESPD_Download.aspx?id=697163 - https://www.publiccontractsscotland.gov.uk/Search/Search_Switch.aspx?ID=697163 - https://www.publiccontractsscotland.gov.uk/search/Search_AuthProfile.aspx?ID=AA16584 - https://www.publiccontractsscotland.gov.uk/sitehelp/help_guides.aspx ## Provenance This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0347c8. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-0347c8.json.