RESOLVED

1.          That Cabinet notes the report (Confidential Appendix B) received from the Councils’ insurance brokers Jardine Lloyd Thompson (JLT)

2.          That Cabinet approves the renewal of the Councils’ insurance arrangements as follows:

3.     That Lot 1 (Property Insurance) be placed with Organisation A at a premium of £197,813.31 plus Insurance Premium Tax (IPT) totalling £209,682.11 (£989,066.55 and £1,048,410.54 respectively for the five year period).

3.          That Lot 2 (Liability Insurance) be placed with Organisation B at a premium of £296,206.50 plus IPT totalling £311,094.69 (£1,481,032.50 and £1,555,473.45 for the five year period)

4.          That Lot 3 (Fidelity Guarantee Insurance) be placed with Organisation A at a premium of £21,000 plus IPT totalling £22,260.00 (£105,000 and £111,300 for the five year period)

5.          That Lot 4 (Motor Fleet Insurance) be placed with Organisation A at a premium of £73,490.00 plus IPT totalling £77,858.00 (£367,450.00 and £389290 for the five year period)

6.          That Lot 5 (Travel and Schools Onsite/Offsite Activities Insurance) be placed with Organisation A at a premium of £9,717.85 plus IPT totalling £10,300.92 (£48,589.25 and £51,504.60 for the five year period)

7.     That Lot 6 (Commercial Property Insurance) be placed with Organisation A at a premium of £43,016.53 plus IPT totalling £45,597.52 (£215,082.65 and £227,987.60 for the five year period)

8.     That Lot 7 (Terrorism Insurance) be placed with Organisation C, at a premium of£102,500.00 plus IPT totalling £108,650 (£512,500 and £543,250 for the five year period

9.     That the Cabinet grant authority to the Director of Corporate Services to effect Medical Malpractice Insurance and a Crime extension to Fidelity Guarantee Insurance if deemed necessary subject to the total premium not exceeding £25,000.00