--- title: "Procurement of General Insurance (excluding Broker and Administration Services)" ocid: "ocds-h6vhtk-04b352" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-04b352" markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-04b352.md" json_url: "https://d3tenders.com/contract/ocds-h6vhtk-04b352.json" source: "Find A Tender Service" current_stage: "Tender" buyer: "NORTHERN IRELAND WATER LIMITED" published: "2024-11-01" --- # Procurement of General Insurance (excluding Broker and Administration Services) Buyer: NORTHERN IRELAND WATER LIMITED Current stage: Tender OCID: ocds-h6vhtk-04b352 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-04b352) [Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-04b352.json) ## Summary Northern Ireland Water Limited has initiated an open tender process for the procurement of general insurance services, excluding broker and administration services. The process is currently at the tender stage, having started on 1st November 2024. The procurement covers a variety of insurance categories including property damage and business interruption, public liability, employers' liability, motor fleet, and cyber insurance, amongst others. Interested suppliers must submit their bids by 17th January 2025, with contracts to commence on 1st April 2025 for a term of five years, extendable following a review after three years. The insurance services span multiple locations across Northern Ireland (UKN region). The award criteria comprises quality and price considerations, emphasising the importance of cover quality, risk and claims management, and social value. This tender presents substantial opportunities for business growth, especially for companies specialising in insurance services and risk management. Suitable candidates would include insurers authorised to write the necessary classes of business as per UK and EU legislative standards, with a demonstrated experience in the insurance sector and a minimum credit rating of A-. The open procurement method allows for a comprehensive and competitive selection process, ensuring that experienced and technically competent suppliers can secure significant contracts, thereby expanding their portfolios and market presence in Northern Ireland's insurance market. ## Notice General Insurance ### Lot Information Property Damage & Business Interruption Material Damage & Business Interruption Options: Multi year and multi cover options will be considered Renewal: Preferred option is for up to five years with a review after completion of three year agreement. Other options will be considered. Material Damage / Business Interruption (NI Water Alpha & Dalriada) Material Damage and Business Interruption Options: Multi year and multi cover options will be considered Renewal: Preferred option is for up to five years with a review after completion of three year agreement. Other options will be considered. Public Liability - GBP 25m Liability to Third Parties Options: Multi year and multi cover options will be considered. Renewal: Preferred option is for up to five years with a review after completion of three year agreement. Other options will be considered. Excess PL GBP 35m / GBP 25m Liability to Third Parties Options: Multi year and multi cover options will be considered. Renewal: Preferred option is for up to five years with a review after completion of three year agreement. Other options will be considered. Excess PL - GBP 40m / GBP60m Liability to Third Parties Options: Multi year and multi cover options will be considered. Renewal: Preferred option is for up to five years with a review after completion of three year agreement. Other options will be considered. Employers Liability - GBP 25m Liability for Injury to Employees Options: Multi year and multi cover options will be considered. Renewal: Preferred option is for up to five years with a review after completion of three year agreement. Other options will be considered. Excess EL - GBP 25m / GBP 25m Liability for injury to Employees Options: Multi year and multi cover options will be considered. Renewal: Preferred option is for up to five years with a review after completion of three year agreement. Other options will be considered. Solar Farm Loss of or Damage to Solar Farm inc Business Interruption Options: Multi year and multi cover options will be considered. Renewal: Preferred option is for up to five years with a review after completion of three year agreement. Other options will be considered. Motor Fleet Comprehensive and Third Party only Motor Insurance Options: Multi year and multi cover options will be considered. Renewal: Preferred option is for up to five years with a review after completion of three year agreement. Other options will be considered. Environmental Impairment Liability: Northern Ireland Water Gradual pollution cover Options: Multi year and multi cover options will be considered. Renewal: Preferred option is for up to five years with a review after completion of three year agreement. Other options will be considered. Environmental Impairment Liability - NI Water Alpha and Dalriada Gradual Pollution cover Options: Multi year and multi cover options will be considered. Renewal: Preferred option is for up to five years with a review after completion of three year agreement. Other options will be considered Terrorism Property Damage and Business Interruption Options: Multi year and multi cover options will be considered. Renewal: Preferred option is for up to five years with a review after completion of three year agreement. Other options will be considered. Cyber - GBP 10m Cyber Insurance including First Party, Third Party and Event Management. It is NI Water's intention to award contract(s) for Cyber Insurance with a total coverage of GBP 10m. This may be in the form of a single policy of GBP 10m or a primary policy and one or more excess layers. Should the exact level of coverage required not be available from the initial submissions, NI Water may request Economic Operators to refine their submissions or may award contracts for a different total coverage. Options: Multi year and multi cover options will be considered. Renewal: Preferred option is for up to five years with a review after completion of three year agreement. Other options will be considered. Directors & Officers (inc EPL in respect of NI Water Alpha) Insurance for wrongful act by Director or Officer and EPL for NI Water Alpha Employees Options: Multi year and multi cover options will be considered. Renewal: Preferred option is for up to five years with a review after completion of three year agreement. Other options will be considered. If a Long Term Agreement is not available we would appreciate a rate stability clause stating that any rate increase will not exceed the UK market standard increase for this class of insurance. Pension Trustees Liability Insurance for wrongful act as a Pension Trustee Options: Multi year and multi cover options will be considered. Renewal: Preferred option is for up to five years with a review after completion of three year agreement. Other options will be considered. If a Long Term Agreement is not available we would appreciate a rate stability clause stating that any rate increase will not exceed the UK market standard increase for this class of insurance. Professional Indemnity Professional Liability in respect of services provided Options: Multi year and multi cover options will be considered. Renewal: Preferred option is for up to five years with a review after completion of three year agreement. Other options will be considered. If a Long Term Agreement is not available we would appreciate a rate stability clause stating that any rate increase will not exceed the UK market standard increase for this class of insurance. Crime - NI Water Alpha only Insurance for loss sustained as a direct result of Crime. Cover in respect of NI Water Alpha only. Options: Multi year and multi cover options will be considered. Renewal: Preferred option is for up to five years with a review after completion of three year agreement. Other options will be considered. If a Long term Agreement is not available we would appreciate a rate stability clause stating that any rate increase will not exceed the UK market standard increase for this class of insurance. Parametrics - Freeze Thaw Weather related Insurance for Freeze Thaw events. Options: Multi year and multi cover options will be considered. Renewal: Preferred option is for up to five years with a review after completion of three year agreement. Other options will be considered. Parametrics for High Temperature - LTA to 2027 Weather related Insurance for High Temperature. This is a precautionary notice should the current Long Term Agreement be breached. Options: Multi year and multi cover options will be considered. Renewal: Preferred option is for up to five years with a review after completion of three year agreement. Other options will be considered. Parametrics Lack of Rainfall - LTA to 2027 Weather related Insurance for Lack of Rainfall. This is a precautionary notice should the current Long Term Agreement be breached. Options: Multi year and multi cover options will be considered. Renewal: Preferred option is for up to five years with a review after completion of three year agreement. Other options will be considered. Computer - NI Water: LTA to 2026 Accidental Damage, Business Interruption and Recompliation of Data. This is a precautionary notice should the current Long Term Agreement be breached. Options: Multi year and multi cover options will be considered. Renewal: Preferred option is for up to five years with a review after completion of three year agreement. Other options will be considered. Computer - Dalriada Water Ltd & NI Water Alpha: LTA to 2026 Accidental Damage, Business Interruption and Recompliation of Data. This is a precautionary notice should the current Long Term Agreement be breached. Options: Multi year and multi cover options will be considered. Renewal: Preferred option is for up to five years with a review after completion of three year agreement. Other options will be considered. Travel and Personal Accident: NI Water Alpha only: LTA to 2026 Insurance in respect of Travel and Personal Accident for Dalriada Water Ltd and NI Water Alpha Employees only. This is a precautionary notice should the current Long Term Agreement be breached. Options: Multi year and multi cover options will be considered. Renewal: Preferred option is for up to five years with a review after completion of three year agreement. Other options will be considered. Material Damage & Business Interruption for Battery Storage: LTA to 2027 Material Damage and Business Interruption Insurance in respect of a Battery Storage Installation. This is a precautionary notice should the current Long Term Agreement be breached. Options: Multi year and multi cover options will be considered Renewal: Preferred option is for up to five years with a review after completion of a three year agreement. Other options will be considered. ## Key Details | Field | Value | | --- | --- | | Publication source | Find A Tender Service | | Latest notice | https://www.find-tender.service.gov.uk/Notice/035487-2024 | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure | | Tender suitability | Not specified | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 1 Nov 2024 | | Submission deadline | 17 Jan 2025 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 31 Mar 2025 - 31 Mar 2030 | | Recurrence | Not specified | ## 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 | NORTHERN IRELAND WATER LIMITED | | Locality | BELFAST | | Post town | Northern Ireland | | Postcode | BT14 6TE | | Country | Northern Ireland | | ITL 1 | TLN Northern Ireland | | ITL 2 | TLN0 Northern Ireland | | ITL 3 | TLN06 Belfast | | Local authority | Belfast | | Electoral ward | Chichester Park | | Westminster constituency | Belfast North | | Delivery location | TLN Northern Ireland, TLN0 Northern Ireland | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66510000 - Insurance services - 66512000 - Accident and health insurance services - 66514110 - Motor vehicle insurance services - 66515000 - Damage or loss insurance services - 66515200 - Property insurance services - 66515300 - Weather and financial loss insurance services - 66515410 - Financial loss insurance services - 66516000 - Liability insurance services - 66516400 - General liability insurance services - 66516500 - Professional liability insurance services ## Release History - 1 Nov 2024 at 13:55 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/035487-2024 ## Notice URLs - http://www.niwater.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-04b352. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-04b352.json.