Corporate Insurance Brokers

2025-02-07

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Published date: 7 February 2025

Open opportunity - This means that the contract is currently active, and the buying department is looking for potential suppliers to fulfil the contract.

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Contract summary

Industry

Insurance and pension services - 66500000

Location of contract

London

Value of contract

£150,000

Procurement reference

LC/2025/02/01

Published date

7 February 2025

Closing date

28 February 2025

Closing time

12pm

Contract start date

1 April 2025

Contract end date

31 March 2029

Contract type

Service contract

Procedure type

Open procedure (below threshold)

What is an open procedure (below threshold)?

Any interested supplier may submit a tender in response to an opportunity notice.

This procedure can be used for procurements below the relevant contract value threshold.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

Description

London Councils is looking to appoint an Insurance Broker to act as an intermediary between London Councils and insurance companies, to find and secure the right insurance policies to meet our specific needs. The service from 01 April 2025 provided will be typically:

• assess the business needs;
• find suitable insurance;
• present the with insurance options, demonstrating value for money;
• negotiate terms;
• provide advice;
• provide claims assistance; and
• any other adhoc support.

Having regard to London Councils requirements (as set out in the Invitation to Tender), the following insurance policies, are required for the period 01 April 2025 to 31 March 2026:
• Commercial Combined.
• Management Liability (Directors & Officers).
• Employment Practices Liability.
• Fidelity Guarantee (Commercial Crime).
• Group Travel Insurance.
• Libel & Slander (Professional Indemnity).
• Cyber Insurance.

Submissions must be sent to Tenders@Londoncouncils.gov.uk

More information

Attachments: Invitation to Tender - Insurance Brokers.pdf

Bidding documents

Invitation to Tender; Tender Submission Document - Insurance Brokers.docx

Bidding documents

Tender Submission Document to be completed by bidders
Additional text: THE MINIMUM VALUE INCLUDED OF £150,000 IS A GUIDE BUDGET OF TOTAL COSTS OVER THE FOUR YEAR PERIOD. THIS IS AN ESTIMATE FIGURE