Tender Insurance Cover Careers Wales

Descriptions

Our current insurance coverage is due to expire on 31st March 2016 and the Audit and Risk Committee is now seeking to tender these services for a period of two years.Insurance Cover RequiredWe require the following insurance cover:•Property Damage - excess £1,000 per claim -All Risks’ cover including Theft, Subsidence and Terrorism to consist ofoBuildings landlords fixtures and fittings owned properties £9.2millionoTenants improvements £760,000oContents insurance floating over all offices £3,850,0000oTelephone equipment floating over all offices £300,000oComputer and electronic equipment floating over all offices £1,950,000oPortable Equipment floating over all offices £275,000•Business Interruption to include £500,000 Increased Cost of Working cover with 24 month Indemnity period.•Employers’ Liability – £10 million excess £2,500•Money•Public/Products Liability – £5 million excess £250•Fidelity Guarantee – £500,000•Professional Indemnity – £10million•Directors’ and Officers’ Liability – £5 million limit•Employment Practices Liability – £2.5million•Personal Accident – 5 x salary benefit payable including temporary partial disablement of £50 per week.•Staff Travel Insurance•Statutory Lift InspectionsBased on our risk profile and our previous claims record brokers are invited to provide an insurance proposal based on the above criteria which they consider meets our requirements. This should include the total of all aggregates, the amount insured and any excess options proposed.Careers Wales intends that this tendering process complies with good practice relating to the selection and appointment of our insurance brokers. If you require any additional information please contact Will Piper by emailing will.piper@careerswales.com