---
title: "Insurance Services - Material Damage, Business Interruption, Money & Terrorism and Public / Products Errors and Omissions Liability"
ocid: "ocds-h6vhtk-042100"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-042100"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-042100.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-042100.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "CENTRE FOR PROCESS INNOVATION LIMITED"
published: "2023-12-01"
---

# 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-042100

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-042100)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-042100.json)

## Summary

The Centre for Process Innovation Limited (CPI) has awarded a contract for Insurance Services - Material Damage, Business Interruption, Money & Terrorism, and Public / Products Errors and Omissions Liability. The procurement involved a Direct Award to Newline Insurance Company Limited without a call for competition. The contract duration is anticipated to be 24 months from 14th January 24, with a value of £450,000.00. The buying organisation, CPI, operates in research and development, specialising in advanced medicine manufacture, formulations, therapeutic biologicals manufacture, and electronics & photonics systems. The procurement took place in the services category with the main industry classification being insurance services.

This tender for insurance services by CPI offers business growth opportunities for insurance companies specialising in Life Sciences Liability Insurance. Businesses suited for this tender are those with expertise in providing insurance cover for unique risks, extensive risk analysis capabilities, and experience in serving organisations engaged in specialist and complex business activities. The procurement method used was a limited Award procedure, aiming to address the challenges presented by the complex nature of the insurance market for CPI's specific needs in the Life Sciences sector. The location for service delivery is primarily in the United Kingdom.

## 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 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 24 months from 14th January 24 and the value of the contracts will be PS450000.00 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 provider Newline Insurance Company Limited.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/035487-2023 |
| 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 Dec 2023 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 1 Dec 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 | £450,000 |

## 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 | TLC North East (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | NEWLINE INSURANCE |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66510000 - Insurance services

## Release History

- 1 Dec 2023 at 12:56 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/035487-2023

## 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-042100. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-042100.json.