---
title: "Insurance Services - Material Damage, Business Interruption and Money, Terrorism, Employers Liability, Personal Accident & Travel Facility"
ocid: "ocds-h6vhtk-0493b4"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0493b4"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-0493b4.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-0493b4.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "CENTRE FOR PROCESS INNOVATION LIMITED"
published: "2024-08-23"
---

# Insurance Services - Material Damage, Business Interruption and Money, Terrorism, Employers Liability, Personal Accident & Travel Facility

Buyer: CENTRE FOR PROCESS INNOVATION LIMITED  
Current stage: Award  
OCID: ocds-h6vhtk-0493b4

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[Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-0493b4.json)

## Summary

The Centre for Process Innovation Limited (CPI), located in Redcar, has completed the award of a contract for insurance services encompassing material damage, business interruption, money, terrorism, employers' liability, personal accident, and travel facility. Classified under the "Services" category with the CPV classification "66510000 - Insurance services," this procurement falls under a limited process method: an award procedure without prior publication of a call for competition. The contract, valued at £786,050.14, spans 24 months starting from 1st December 2024. The procurement was necessitated by the specialist and complex risk profiles associated with CPI's work in advanced medicine, therapeutic biologicals, and electronics, making a standard tender process infeasible.

This tender provides significant opportunities for growth, particularly for businesses experienced in the specialised field of life sciences insurance. Companies capable of conducting detailed risk assessments in these areas can find lucrative partnerships. Given the unique risks and exposures, businesses with a robust expertise in handling complex insurance needs, especially those with prior experience in sectors involving advanced technological and research innovations, are well-suited to compete. By engaging in similar contracts, such businesses can expand their market presence and establish stronger connections with research and innovation centres like CPI, positioning themselves as key players in a niche yet essential insurance market sector.

## Notice

Renewal of Insurance Policies - Material Damage, Business Interruption and Money, Terrorism, Employers Liability, Personal Accident & Travel Facility.

### Lot Information

Lot 1

Renewal of Insurance Policies - Material Damage, Business Interruption and Money, Terrorism, Employers Liability, Personal Accident & Travel Facility.

### 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 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 Material Damage, Business Interruption, Money & Terrorism, Employers Liability and Personal Accident and Travel Facility. The contract duration is expected to be 24 months from 1st December 24 and the value of the contracts will be PS786,050.14. 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 Chubb European Group SE .

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/027116-2024 |
| 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 | 23 Aug 2024 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 21 Aug 2024 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £786,050 |

## 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), TLM Scotland |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | CHUBB EUROPEAN GROUP |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66510000 - Insurance services

## Release History

- 23 Aug 2024 at 14:08 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/027116-2024

## Notice URLs

- https://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-0493b4. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-0493b4.json.