Insurance Strategy & 2016 Insurance Renewal

Reference code: 
PCD 36
Date signed: 
27 July 2016
Authorisation name: 
Sophie Linden, Deputy Mayor, Policing and Crime

Executive summary

This report requests approval of the MOPAC Insurance Strategy and the 2016 Insurance Renewal for four policies as detailed in section 2.

Recommendation

That the DMPC approves the MOPAC Insurance Strategy and the 2016 Insurance Renewal for four policies as detailed in section 2.

Non-confidential facts and advice to the Deputy Mayor for Policing and Crime (DMPC)

1. Introduction and background

1.1 As part of the on-going process of managing contracts and tendering/re-tendering for goods and services, Procurement Services identifies contracts which require DMPC approval for either extension or to initiate contract action to tender or re-tender for goods or services or to award contracts

2. Issues for consideration

2.1. The insurance strategy recommends maintaining the current strategy for 2016 whilst a cross-functional group implement a revised strategy for 2017 onwards.

2.2. The 2016 insurance renewal requests approval to renew four policies:

• Damage to property due to specific causes;
• Legal liabilities for injury to employees or members of the public or damage to third party property;
• Terrorism;
• Motor Fleet.

3. Financial Comments

3.1. The total cost of the 2016 premium is £1.812m and will be met from within existing resources.

4. Legal Comments

4.1. The recommendation can be lawfully approved in accordance with MOPAC Contract Regulations and EU/UK Procurement law.

4.2. In accordance with the MOPAC Scheme of Delegation and Consent (4.7) the DMPC must approve the annual Insurance Strategy and (4.13) all requests to go out to tender for contracts that exceed £500,000.

5. Equality Comments

5.1. Suppliers will be assessed prior to entering into agreements to ensure they comply with relevant legislation. It will be the responsibility of user departments to ensure that the MPS Equality and Diversity policies are adhered to through the life of the contract.

5.2. Suppliers may be asked to sign up to the Diversity Works for London Programme which assesses suppliers against the Equality and Diversity framework.