Source: https://tendernation.io/opportunities/01a13cd5-8e11-71fa-a060-495707652ea4/insurance-tender-property-lot-1-awards-2024-2029

awarded GB open procedure

# Insurance Tender - Property Lot 1 Awards 2024-2029

[capitalEsourcing](https://tendernation.io/buyers/capitalesourcing)

Estimated value

£3,310,440

Published

18 Apr 2024

Deadline

Closed

19 Feb 2024

## Who can bid

- Open procedure

    Anyone can submit a full tender; there is no shortlisting stage.

## About this tender

The Royal Borough of Kensington & Chelsea (RBKC) has awarded an insurance tender - Property Lot 1 2024-2029 contract to Protector Insurance (Company No: FC033034) for the delivery of Property insurance.

The contract is split into 10 Lots as follows:

- Lot 1 Property
- Lot 2 Combined Liability
- Lot 3 Terrorism
- Lot 4 Director & Officers Liability
- Lot 5 Crime
- Lot 6 PA and Travel
- Lot 7 School Journey
- Lot 8 Motor Fleet
- Lot 9 Residential leasehold buildings
- Lot 10 Engineering Inspection

The tender was carried out using the Open procedure using the Council's capitalEsourcing portal. The Contract Notice was published on 19th of January 2024 and open for 30 days and closed on 19th of February 2024.

The contract will be established for an initial duration of five-year arrangement, premiums are not fixed by the insurers as they will be subject to annual index linking to reflect the current inflation at that time. This ensures the Councils' assets are adequately insured and not subject to under-insurance. Additionally, the rate applied by the insurers may be adjusted dependent on the claims loss ratio.

## CPV classification

Insurance services

Source

Contracts Finder (UK)

[View official notice](https://www.contractsfinder.service.gov.uk/notice/0efafc7e-dace-41a0-9479-854a7a04af57)

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