---
title: "Insurance Services - Public, Products, Errors & Omissions and Clinical Trials Liability"
ocid: "ocds-h6vhtk-0493b5"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0493b5"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-0493b5.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-0493b5.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "CENTRE FOR PROCESS INNOVATION LIMITED"
published: "2024-08-23"
---

# Insurance Services - Public, Products, Errors & Omissions and Clinical Trials Liability

Buyer: CENTRE FOR PROCESS INNOVATION LIMITED  
Current stage: Award  
OCID: ocds-h6vhtk-0493b5

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[Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-0493b5.json)

## Summary

The Centre for Process Innovation Limited (CPI), located in Redcar, UK, has concluded a procurement process to renew insurance policies, specifically focusing on Public, Products, Errors & Omissions, and Clinical Trials Liability. The procurement falls under the insurance services sector, with the industry classification code 66510000. CPI is conducting this procurement under a limited method without prior publication of a call for competition, citing the complex and specialised nature of their requirements that the broader market may not adequately meet. The contract, valued at £507,172.59, was awarded to Newline Insurance Company Limited and spans a duration of 24 months, commencing on 1st December 2024.

This tender presents significant opportunities for businesses within the insurance sector, particularly those specialising in complex and high-risk areas such as life sciences and clinical trials. Companies with robust risk assessment capabilities and expertise in providing tailor-made insurance solutions would find such tenders most lucrative. The renewal by an organisation like CPI—known for its advanced medical, biological, and technological innovations—signals a preference for experienced firms that can offer specialised insurance covers, facilitating business growth through long-term engagements and the upscaling of niche service offerings.

## Notice

Renewal of Insurance policies via procured broker for CPI insurance policies for Public, Products, Errors & Omissions and Clinical Trials Liability.

### Lot Information

Lot 1

Procurement of Insurance Policies for Public, Products, Errors and Omissions and Clinical Trials 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 Public & Products Liability & Errors & Omissions Liability and Clinical Trials Liability. The contract duration is expected to be 24 months from 1st December 24 and the value of the contracts will be PS507,172.59. 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/027117-2024 |
| 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 | £507,172 |

## 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 | NEWLINE INSURANCE |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66510000 - Insurance services

## Release History

- 23 Aug 2024 at 14:09 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/027117-2024

## 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-0493b5. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-0493b5.json.