---
title: "Insurance Services - Material Damage, Business Interruption, Money & Terrorism and Public / Products Errors and Omissions Liability,"
ocid: "ocds-h6vhtk-0410d5"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0410d5"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-0410d5.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-0410d5.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "CENTRE FOR PROCESS INNOVATION LIMITED"
published: "2023-11-01"
---

# Insurance Services - Material Damage, Business Interruption, Money & Terrorism and Public / Products Errors and Omissions Liability,

Buyer: CENTRE FOR PROCESS INNOVATION LIMITED  
Current stage: Award  
OCID: ocds-h6vhtk-0410d5

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[Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-0410d5.json)

## Summary

The Centre for Process Innovation Limited has completed a tender process for the renewal of insurance policies for Material Damage, Business Interruption, Money & Terrorism, and Public / Products Errors and Omissions Liability. The procurement method used was a limited procedure with a direct award to Chubb European Group SE and Newline Insurance Company Limited. The contract duration is expected to be 12 months starting from December 1st, 2023. The total contract value amounts to £597,825.52. The buying organisation, Centre for Process Innovation Limited, is a public body based in Redcar, UK.

This procurement opportunity for insurance services can benefit businesses specialising in the insurance industry. Companies experienced in Life Sciences Liability Insurance, including Material Damage, Business Interruption, Money & Terrorism, and Public / Products Errors and Omissions Liability, would be well-suited to compete. The direct award nature of this contract allows for established insurers like Chubb European Group SE and Newline Insurance Company Limited to provide specialised coverage tailored to the unique risks faced by organisations like the Centre for Process Innovation Limited.

## Notice

Renewal of Insurance Policies via procured broker for CPI insurance policies for Material Damage, Business Interruption, Money & Terrorism and Public Products , Errors and Omissions Liability.

### Lot Information

Lot 1

Procurement of Insurance Policies for Material Damages, Business Interruption, Money & Terrorism and Public Products, Errors and Omissions Liability

### Procurement Information

Centre For Process Innovation Limited (CPI) is putting out this notice as a VEAT (Voluntary Ex ante Transparency Notice) as CPI intends to complete a Direct Award to Chubb European Group SE and Newline Insurance Company Limited for the provision of the classes of insurance identified below, without a call for competition in accordance with the Public Contracts Regulations 2015 The bulk of insurance services to be obtained under the Direct Award shall relate to Life Sciences Liability Insurance (Material Damage, Business Interruption, Money & Terrorism Public & Products Liability & Errors & Omissions Liability). The contract duration is expected to be 12 months from 1st December 23 and the value of the contracts will be PS597825.52 . The justification for a Direct Award is the Life Sciences insurance market is protecting organisations against a unique range of risks, with differing exposures, the nature of the insurance requires extensive risk analysis of matters such as type of clinical trials being undertaken. Furthermore there is a limited marketplace of organisations that undertake the specialist & complex business activities that CPI undertake (CPI operates as technology and research innovation centre specialising in highly advanced medicine manufacture, formulations, therapeutic biologicals manufacture, and electronics & photonics systems) whereby it is considered the insurance market would not be able to adequately assess & provide quotations to CPI via a Public Contracts Regulation tender process. It is because of these complex challenges that CPI via their procured broker have approached a number of Insurers are proposing to continue working with their current insurance providers Chubb European Group SE and Newline Insurance Company Limited.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/032256-2023 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Limited |
| Procurement method details | Award procedure without prior publication of a call for competition |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 1 Nov 2023 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 1 Nov 2023 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £597,825 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | CENTRE FOR PROCESS INNOVATION LIMITED |
| Locality | REDCAR |
| Post town | Cleveland |
| Postcode | TS10 4RF |
| Country | England |
| ITL 1 | TLC North East (England) |
| ITL 2 | TLC3 Tees Valley |
| ITL 3 | TLC32 South Teesside |
| Local authority | Redcar and Cleveland |
| Electoral ward | Dormanstown |
| Westminster constituency | Redcar |
| Delivery location | TLC12 South Teesside |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 2 |
| Supplier names | CHUBB EUROPEAN GROUP; NEWLINE INSURANCE |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66510000 - Insurance services

## Release History

- 1 Nov 2023 at 10:50 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/032256-2023

## Notice URLs

- http://www.uk-cpi.com

## 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-0410d5. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-0410d5.json.