---
title: "Property Insurance Policy for Unit 3.2 only of Lancashire Business Park (LCDL)"
ocid: "ocds-h6vhtk-04ea25"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-04ea25"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-04ea25.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-04ea25.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "LANCASHIRE COUNTY COUNCIL"
published: "2025-03-06"
---

# Property Insurance Policy for Unit 3.2 only of Lancashire Business Park (LCDL)

Buyer: LANCASHIRE COUNTY COUNCIL  
Current stage: Award  
OCID: ocds-h6vhtk-04ea25

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## Summary

Lancashire County Council has successfully completed the procurement process for a property insurance policy for Unit 3.2 of Lancashire Business Park (LCDL) under contract ID RG/CORP/LCC/24/271. This project falls under the industry category of insurance services. The procurement was necessary due to the lack of suitable tenders received in response to the open procedure, leading to direct market engagement by the broker to secure the policy. The awarded contract, valued at £1,200,000, was signed on 13th January 2025, and covers a period of up to four years through a Long Term Agreement (LTA). The insurance coverage has been provided by multiple suppliers, including AXA XL Insurance Company, Lloyds of London syndicates, Tokio Marine, Probitas 1492, Legal & Contingency, and Munich Re, ensuring a shared risk model across the providers.

This tender provides significant opportunities for businesses involved in the insurance sector, particularly those specialising in property insurance and risk management. The insurance coverage requires collaboration and risk-sharing among large insurance firms, highlighting the potential for growth through strategic partnerships and comprehensive service offerings. Companies with expertise in structured insurance policies and those capable of responding to stringent compliance standards are well-suited to compete and thrive in such procurement processes. The involvement of multiple renowned suppliers also underscores the importance of maintaining strong industry connections and networks to secure similar high-value contracts in the future.

## Notice

An insurance policy for Property Unit 3.2 of Lancashire Business Park (LCDL) is being placed via an award without competition, following a compliant tender process with no bids received. The broker approached the market to secure a policy directly. The contract is to be for a period of up to 4 years through the establishment of a Long Term Agreement (LTA) commencing on 13th January 2025.

### Lot Information

Lot 1

An insurance policy for Property Unit 3.2 of Lancashire Business Park (LCDL) is being placed via an award without competition, following a compliant tender process with no bids received. The broker approached the market to secure a policy directly. The contract is to be for a period of up to 4 years through the establishment of a Long Term Agreement (LTA) commencing on 13th January 2025.

### Procurement Information

No tenders were received in relation to the publish over threshold open procurement process. Contract Notice reference: 2024/S 000-034213 Award Notice (non award) reference: 2025/S 000-008203 The Broker approached the market via the Lloyds of London marketplace to secure coverage following the failed procurement process. Coverage was found through splitting the single policy across multiple providers who will share the risk on agreed percentages.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/008217-2025 |
| 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 | 6 Mar 2025 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 13 Jan 2025 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £1,200,000 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Cancelled |
| Awards status | Active |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | LANCASHIRE COUNTY COUNCIL |
| Locality | PRESTON |
| Post town | Preston |
| Postcode | PR1 0LD |
| Country | England |
| ITL 1 | TLD North West (England) |
| ITL 2 | TLD4 Lancashire |
| ITL 3 | TLD45 Mid Lancashire |
| Local authority | Preston |
| Electoral ward | City Centre |
| Westminster constituency | Preston |
| Delivery location | TLD4 Lancashire |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 7 |
| Supplier names | AXA XL INSURANCE; LEGAL & CONTINGENCY; LLOYDS OF LONDON (SYNDICATE 2015; LLOYDS OF LONDON (SYNDICATE 623; MUNICH RE; PROBITAS 1492; TOKIO MARINE & NICHIDO FIRE INSURANCE |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66510000 - Insurance services

## Release History

- 6 Mar 2025 at 14:30 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/008217-2025

## Notice URLs

- http://courttribunalfinder.service.gov.uk/courts/royal-courts-of-justice
- http://www.lancashire.gov.uk

## 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-04ea25. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-04ea25.json.