Corporate Insurance Services (2025)

{
  "buyer": {
    "id": "GB-PPON-PWBJ-9435-VXQQ",
    "name": "Reading Borough Council"
  },
  "date": "2025-10-28T15:54:57Z",
  "id": "069090-2025",
  "initiationType": "tender",
  "language": "en",
  "ocid": "ocds-h6vhtk-05d53d",
  "parties": [
    {
      "address": {
        "country": "GB",
        "countryName": "United Kingdom",
        "locality": "Reading",
        "postalCode": "RG1 2LU",
        "region": "UKJ11",
        "streetAddress": "Bridge Street"
      },
      "contactPoint": {
        "email": "pchub@reading.gov.uk",
        "name": "Heather Hall"
      },
      "details": {
        "classifications": [
          {
            "description": "Public authority - sub-central government",
            "id": "publicAuthoritySubCentralGovernment",
            "scheme": "UK_CA_TYPE"
          }
        ],
        "url": "https://in-tendhost.co.uk/readingbc/aspx/Home"
      },
      "id": "GB-PPON-PWBJ-9435-VXQQ",
      "identifier": {
        "id": "PWBJ-9435-VXQQ",
        "scheme": "GB-PPON"
      },
      "name": "Reading Borough Council",
      "roles": [
        "buyer"
      ]
    }
  ],
  "tag": [
    "tenderUpdate"
  ],
  "tender": {
    "aboveThreshold": true,
    "awardPeriod": {
      "endDate": "2026-01-20T23:59:59+00:00"
    },
    "description": "RBC is seeking tender submissions for annual policies, which commence on 1st April 2026 in the name of:  \nReading Borough Council\nCIVIC OFFICES, BRIDGE STREET, READING, BERKSHIRE RG1 2LU",
    "documents": [
      {
        "documentType": "biddingDocuments",
        "format": "application/x-zip-compressed",
        "id": "A-6719",
        "url": "https://www.find-tender.service.gov.uk/Notice/Attachment/A-6719"
      },
      {
        "description": "Not published",
        "documentType": "conflictOfInterest",
        "id": "conflictOfInterest"
      },
      {
        "datePublished": "2025-10-28T15:54:57Z",
        "description": "Tender notice on Find a Tender",
        "documentType": "tenderNotice",
        "format": "text/html",
        "id": "069090-2025",
        "noticeType": "UK4",
        "url": "https://www.find-tender.service.gov.uk/Notice/069090-2025"
      }
    ],
    "id": "URN 25-S-051 RBC 00002404",
    "items": [
      {
        "additionalClassifications": [
          {
            "description": "Insurance services",
            "id": "66510000",
            "scheme": "CPV"
          }
        ],
        "deliveryAddresses": [
          {
            "country": "GB",
            "countryName": "United Kingdom",
            "region": "UKJ11"
          }
        ],
        "id": "1",
        "relatedLot": "1"
      },
      {
        "additionalClassifications": [
          {
            "description": "Insurance services",
            "id": "66510000",
            "scheme": "CPV"
          }
        ],
        "deliveryAddresses": [
          {
            "country": "GB",
            "countryName": "United Kingdom",
            "region": "UKJ11"
          }
        ],
        "id": "2",
        "relatedLot": "2"
      },
      {
        "additionalClassifications": [
          {
            "description": "Insurance services",
            "id": "66510000",
            "scheme": "CPV"
          }
        ],
        "deliveryAddresses": [
          {
            "country": "GB",
            "countryName": "United Kingdom",
            "region": "UKJ11"
          }
        ],
        "id": "3",
        "relatedLot": "3"
      },
      {
        "additionalClassifications": [
          {
            "description": "Insurance services",
            "id": "66510000",
            "scheme": "CPV"
          }
        ],
        "deliveryAddresses": [
          {
            "country": "GB",
            "countryName": "United Kingdom",
            "region": "UKJ11"
          }
        ],
        "id": "4",
        "relatedLot": "4"
      },
      {
        "additionalClassifications": [
          {
            "description": "Insurance services",
            "id": "66510000",
            "scheme": "CPV"
          }
        ],
        "deliveryAddresses": [
          {
            "country": "GB",
            "countryName": "United Kingdom",
            "region": "UKJ11"
          }
        ],
        "id": "5",
        "relatedLot": "5"
      },
      {
        "additionalClassifications": [
          {
            "description": "Insurance services",
            "id": "66510000",
            "scheme": "CPV"
          }
        ],
        "deliveryAddresses": [
          {
            "country": "GB",
            "countryName": "United Kingdom",
            "region": "UKJ11"
          }
        ],
        "id": "6",
        "relatedLot": "6"
      }
    ],
    "legalBasis": {
      "id": "2023/54",
      "scheme": "UKPGA",
      "uri": "https://www.legislation.gov.uk/ukpga/2023/54/contents"
    },
    "lots": [
      {
        "awardCriteria": {
          "criteria": [
            {
              "description": "PLEASE NOTE - This tender includes a further lot  -  LOT 7 combined Lots 1,3 and 4 as an option for insurers to provide a bid. this is explained in the attached tender documents along with an explanation regarding how this will be assessed and awarded if it is successful.\nA system error related to Lot Values and Contract Value prevented Lot 7 being shown as a separate Lot of combined lots  1,3 and 4.   \n Award criteria\nQuality\nCriteria to Award Score\n0\tNo response provided\n1\tMinimal information provided with no way to clearly identify what is being offered\n2\tLimited information provided with information on the service provided but with no relevance to the needs of the Contracting Authority \n3\tA generic response provided but missing detail on capability, resource or experience in the Public/Education sector\n4\tSummary details of capability, resource and experience provided but lacking in focus on the contracting authority but evidencing sector specific knowledge\n5\tGood summary of capability, resource and experience provided, focused on the contracting Authority with relevance\nPrice\nTotal cost of Option \nThe Contracting Authority will consider the cost of premium, IPT and aggregate stop limits (where applicable), cost of claims handling (if priced separately), proposals for Low Claims Rebates, and terms for payment when selecting insurers.\nThe Contracting Authority will consider entering into a long term agreement or contract with insurers. The basic minimum requirement is for insurers to quote on the basis of a three year long term agreement with the option for extending for a further period of 24 months.\nIn the event that a LTA is agreed, the Insurer must give the Contracting Authority at least 120 days\u2019 notice in advance of the renewal date if the Insurer intends to breach the agreement. If the Insurer fails to comply with this notice period then the Insurer will be bound to offer renewal for one year at the current rates, terms and conditions\nThe best overall quotation for each Lot will be awarded 40% and all other tenders will be awarded a proportion of 40% in direct proportion to the best overall quotation.",
              "name": "Simple description",
              "type": "price"
            }
          ],
          "weightingDescription": "PLEASE NOTE - This tender includes a further lot  -  LOT 7 combined Lots 1,3 and 4 as an option for insurers to provide a bid. this is explained in the attached tender documents along with an explanation regarding how this will be assessed and awarded if it is successful.\nA system error related to Lot Values and Contract Value prevented Lot 7 being shown as a separate Lot of combined lots  1,3 and 4.   \n Award criteria\nQuality\nCriteria to Award Score\n0\tNo response provided\n1\tMinimal information provided with no way to clearly identify what is being offered\n2\tLimited information provided with information on the service provided but with no relevance to the needs of the Contracting Authority \n3\tA generic response provided but missing detail on capability, resource or experience in the Public/Education sector\n4\tSummary details of capability, resource and experience provided but lacking in focus on the contracting authority but evidencing sector specific knowledge\n5\tGood summary of capability, resource and experience provided, focused on the contracting Authority with relevance\nPrice\nTotal cost of Option \nThe Contracting Authority will consider the cost of premium, IPT and aggregate stop limits (where applicable), cost of claims handling (if priced separately), proposals for Low Claims Rebates, and terms for payment when selecting insurers.\nThe Contracting Authority will consider entering into a long term agreement or contract with insurers. The basic minimum requirement is for insurers to quote on the basis of a three year long term agreement with the option for extending for a further period of 24 months.\nIn the event that a LTA is agreed, the Insurer must give the Contracting Authority at least 120 days\u2019 notice in advance of the renewal date if the Insurer intends to breach the agreement. If the Insurer fails to comply with this notice period then the Insurer will be bound to offer renewal for one year at the current rates, terms and conditions\nThe best overall quotation for each Lot will be awarded 40% and all other tenders will be awarded a proportion of 40% in direct proportion to the best overall quotation."
        },
        "contractPeriod": {
          "endDate": "2029-03-31T23:59:59+01:00",
          "maxExtentDate": "2033-03-31T23:59:59+00:00",
          "startDate": "2026-04-01T00:00:00+01:00"
        },
        "description": "This Section incorporates the following classes of business: \nProperty (General Properties) - Buildings \u0026 Content\nHousing Properties - Buildings \u0026 Contents\nLEA Education Properties - Buildings \u0026 Contents\nBusiness Interruption:-\nIncrease in Cost of Working \nRent Receivable\nSpecified All Risks \nWorks in Progress",
        "hasRenewal": true,
        "id": "1",
        "renewal": {
          "description": "plus 2 years and plus 2 years (4 in total)"
        },
        "status": "active",
        "title": "Property",
        "value": {
          "amount": 2436000,
          "amountGross": 3045000,
          "currency": "GBP"
        }
      },
      {
        "awardCriteria": {
          "criteria": [
            {
              "description": "PLEASE NOTE - This tender includes a further lot  -  LOT 7 combined Lots 1,3 and 4 as an option for insurers to provide a bid. this is explained in the attached tender documents along with an explanation regarding how this will be assessed and awarded if it is successful.\nA system error related to Lot Values and Contract Value prevented Lot 7 being shown as a separate Lot of combined lots  1,3 and 4.   \n Award criteria\nQuality\nCriteria to Award Score\n0\tNo response provided\n1\tMinimal information provided with no way to clearly identify what is being offered\n2\tLimited information provided with information on the service provided but with no relevance to the needs of the Contracting Authority \n3\tA generic response provided but missing detail on capability, resource or experience in the Public/Education sector\n4\tSummary details of capability, resource and experience provided but lacking in focus on the contracting authority but evidencing sector specific knowledge\n5\tGood summary of capability, resource and experience provided, focused on the contracting Authority with relevance\nPrice\nTotal cost of Option \nThe Contracting Authority will consider the cost of premium, IPT and aggregate stop limits (where applicable), cost of claims handling (if priced separately), proposals for Low Claims Rebates, and terms for payment when selecting insurers.\nThe Contracting Authority will consider entering into a long term agreement or contract with insurers. The basic minimum requirement is for insurers to quote on the basis of a three year long term agreement with the option for extending for a further period of 24 months.\nIn the event that a LTA is agreed, the Insurer must give the Contracting Authority at least 120 days\u2019 notice in advance of the renewal date if the Insurer intends to breach the agreement. If the Insurer fails to comply with this notice period then the Insurer will be bound to offer renewal for one year at the current rates, terms and conditions\nThe best overall quotation for each Lot will be awarded 40% and all other tenders will be awarded a proportion of 40% in direct proportion to the best overall quotation.",
              "name": "Simple description",
              "type": "price"
            }
          ],
          "weightingDescription": "PLEASE NOTE - This tender includes a further lot  -  LOT 7 combined Lots 1,3 and 4 as an option for insurers to provide a bid. this is explained in the attached tender documents along with an explanation regarding how this will be assessed and awarded if it is successful.\nA system error related to Lot Values and Contract Value prevented Lot 7 being shown as a separate Lot of combined lots  1,3 and 4.   \n Award criteria\nQuality\nCriteria to Award Score\n0\tNo response provided\n1\tMinimal information provided with no way to clearly identify what is being offered\n2\tLimited information provided with information on the service provided but with no relevance to the needs of the Contracting Authority \n3\tA generic response provided but missing detail on capability, resource or experience in the Public/Education sector\n4\tSummary details of capability, resource and experience provided but lacking in focus on the contracting authority but evidencing sector specific knowledge\n5\tGood summary of capability, resource and experience provided, focused on the contracting Authority with relevance\nPrice\nTotal cost of Option \nThe Contracting Authority will consider the cost of premium, IPT and aggregate stop limits (where applicable), cost of claims handling (if priced separately), proposals for Low Claims Rebates, and terms for payment when selecting insurers.\nThe Contracting Authority will consider entering into a long term agreement or contract with insurers. The basic minimum requirement is for insurers to quote on the basis of a three year long term agreement with the option for extending for a further period of 24 months.\nIn the event that a LTA is agreed, the Insurer must give the Contracting Authority at least 120 days\u2019 notice in advance of the renewal date if the Insurer intends to breach the agreement. If the Insurer fails to comply with this notice period then the Insurer will be bound to offer renewal for one year at the current rates, terms and conditions\nThe best overall quotation for each Lot will be awarded 40% and all other tenders will be awarded a proportion of 40% in direct proportion to the best overall quotation."
        },
        "contractPeriod": {
          "endDate": "2029-03-31T23:59:59+01:00",
          "maxExtentDate": "2033-03-31T23:59:59+00:00",
          "startDate": "2026-04-01T00:00:00+01:00"
        },
        "description": "This Section incorporates the following classes of business:\n\uf0a7\tIndustrial and Commercial Properties\na.\tBuildings\nb.\tLoss of Rent",
        "hasRenewal": true,
        "id": "2",
        "renewal": {
          "description": "plus 2 years and plus 2 years (4 in total)"
        },
        "status": "active",
        "title": "Commercial property",
        "value": {
          "amount": 320000,
          "amountGross": 400000,
          "currency": "GBP"
        }
      },
      {
        "awardCriteria": {
          "criteria": [
            {
              "description": "PLEASE NOTE - This tender includes a further lot  -  LOT 7 combined Lots 1,3 and 4 as an option for insurers to provide a bid. this is explained in the attached tender documents along with an explanation regarding how this will be assessed and awarded if it is successful.\nA system error related to Lot Values and Contract Value prevented Lot 7 being shown as a separate Lot of combined lots  1,3 and 4.   \n Award criteria\nQuality\nCriteria to Award Score\n0\tNo response provided\n1\tMinimal information provided with no way to clearly identify what is being offered\n2\tLimited information provided with information on the service provided but with no relevance to the needs of the Contracting Authority \n3\tA generic response provided but missing detail on capability, resource or experience in the Public/Education sector\n4\tSummary details of capability, resource and experience provided but lacking in focus on the contracting authority but evidencing sector specific knowledge\n5\tGood summary of capability, resource and experience provided, focused on the contracting Authority with relevance\nPrice\nTotal cost of Option \nThe Contracting Authority will consider the cost of premium, IPT and aggregate stop limits (where applicable), cost of claims handling (if priced separately), proposals for Low Claims Rebates, and terms for payment when selecting insurers.\nThe Contracting Authority will consider entering into a long term agreement or contract with insurers. The basic minimum requirement is for insurers to quote on the basis of a three year long term agreement with the option for extending for a further period of 24 months.\nIn the event that a LTA is agreed, the Insurer must give the Contracting Authority at least 120 days\u2019 notice in advance of the renewal date if the Insurer intends to breach the agreement. If the Insurer fails to comply with this notice period then the Insurer will be bound to offer renewal for one year at the current rates, terms and conditions\nThe best overall quotation for each Lot will be awarded 40% and all other tenders will be awarded a proportion of 40% in direct proportion to the best overall quotation.",
              "name": "Simple description",
              "type": "price"
            }
          ],
          "weightingDescription": "PLEASE NOTE - This tender includes a further lot  -  LOT 7 combined Lots 1,3 and 4 as an option for insurers to provide a bid. this is explained in the attached tender documents along with an explanation regarding how this will be assessed and awarded if it is successful.\nA system error related to Lot Values and Contract Value prevented Lot 7 being shown as a separate Lot of combined lots  1,3 and 4.   \n Award criteria\nQuality\nCriteria to Award Score\n0\tNo response provided\n1\tMinimal information provided with no way to clearly identify what is being offered\n2\tLimited information provided with information on the service provided but with no relevance to the needs of the Contracting Authority \n3\tA generic response provided but missing detail on capability, resource or experience in the Public/Education sector\n4\tSummary details of capability, resource and experience provided but lacking in focus on the contracting authority but evidencing sector specific knowledge\n5\tGood summary of capability, resource and experience provided, focused on the contracting Authority with relevance\nPrice\nTotal cost of Option \nThe Contracting Authority will consider the cost of premium, IPT and aggregate stop limits (where applicable), cost of claims handling (if priced separately), proposals for Low Claims Rebates, and terms for payment when selecting insurers.\nThe Contracting Authority will consider entering into a long term agreement or contract with insurers. The basic minimum requirement is for insurers to quote on the basis of a three year long term agreement with the option for extending for a further period of 24 months.\nIn the event that a LTA is agreed, the Insurer must give the Contracting Authority at least 120 days\u2019 notice in advance of the renewal date if the Insurer intends to breach the agreement. If the Insurer fails to comply with this notice period then the Insurer will be bound to offer renewal for one year at the current rates, terms and conditions\nThe best overall quotation for each Lot will be awarded 40% and all other tenders will be awarded a proportion of 40% in direct proportion to the best overall quotation."
        },
        "contractPeriod": {
          "endDate": "2029-03-31T23:59:59+01:00",
          "maxExtentDate": "2033-03-31T23:59:59+00:00",
          "startDate": "2026-04-01T00:00:00+01:00"
        },
        "description": "This Lot incorporates the following classes of business:\nEmployers Liability\nPublic and Products Liability \nOfficials Indemnity\nLand Charges\nLibel and Slander\nProfessional Indemnity\nHirers Liability",
        "hasRenewal": true,
        "id": "3",
        "renewal": {
          "description": "plus 2 years and plus 2 years (4 in total)"
        },
        "status": "active",
        "title": "Casualty",
        "value": {
          "amount": 3040000,
          "amountGross": 3800000,
          "currency": "GBP"
        }
      },
      {
        "awardCriteria": {
          "criteria": [
            {
              "description": "PLEASE NOTE - This tender includes a further lot  -  LOT 7 combined Lots 1,3 and 4 as an option for insurers to provide a bid. this is explained in the attached tender documents along with an explanation regarding how this will be assessed and awarded if it is successful.\nA system error related to Lot Values and Contract Value prevented Lot 7 being shown as a separate Lot of combined lots  1,3 and 4.   \n Award criteria\nQuality\nCriteria to Award Score\n0\tNo response provided\n1\tMinimal information provided with no way to clearly identify what is being offered\n2\tLimited information provided with information on the service provided but with no relevance to the needs of the Contracting Authority \n3\tA generic response provided but missing detail on capability, resource or experience in the Public/Education sector\n4\tSummary details of capability, resource and experience provided but lacking in focus on the contracting authority but evidencing sector specific knowledge\n5\tGood summary of capability, resource and experience provided, focused on the contracting Authority with relevance\nPrice\nTotal cost of Option \nThe Contracting Authority will consider the cost of premium, IPT and aggregate stop limits (where applicable), cost of claims handling (if priced separately), proposals for Low Claims Rebates, and terms for payment when selecting insurers.\nThe Contracting Authority will consider entering into a long term agreement or contract with insurers. The basic minimum requirement is for insurers to quote on the basis of a three year long term agreement with the option for extending for a further period of 24 months.\nIn the event that a LTA is agreed, the Insurer must give the Contracting Authority at least 120 days\u2019 notice in advance of the renewal date if the Insurer intends to breach the agreement. If the Insurer fails to comply with this notice period then the Insurer will be bound to offer renewal for one year at the current rates, terms and conditions\nThe best overall quotation for each Lot will be awarded 40% and all other tenders will be awarded a proportion of 40% in direct proportion to the best overall quotation.",
              "name": "Simple description",
              "type": "price"
            }
          ],
          "weightingDescription": "PLEASE NOTE - This tender includes a further lot  -  LOT 7 combined Lots 1,3 and 4 as an option for insurers to provide a bid. this is explained in the attached tender documents along with an explanation regarding how this will be assessed and awarded if it is successful.\nA system error related to Lot Values and Contract Value prevented Lot 7 being shown as a separate Lot of combined lots  1,3 and 4.   \n Award criteria\nQuality\nCriteria to Award Score\n0\tNo response provided\n1\tMinimal information provided with no way to clearly identify what is being offered\n2\tLimited information provided with information on the service provided but with no relevance to the needs of the Contracting Authority \n3\tA generic response provided but missing detail on capability, resource or experience in the Public/Education sector\n4\tSummary details of capability, resource and experience provided but lacking in focus on the contracting authority but evidencing sector specific knowledge\n5\tGood summary of capability, resource and experience provided, focused on the contracting Authority with relevance\nPrice\nTotal cost of Option \nThe Contracting Authority will consider the cost of premium, IPT and aggregate stop limits (where applicable), cost of claims handling (if priced separately), proposals for Low Claims Rebates, and terms for payment when selecting insurers.\nThe Contracting Authority will consider entering into a long term agreement or contract with insurers. The basic minimum requirement is for insurers to quote on the basis of a three year long term agreement with the option for extending for a further period of 24 months.\nIn the event that a LTA is agreed, the Insurer must give the Contracting Authority at least 120 days\u2019 notice in advance of the renewal date if the Insurer intends to breach the agreement. If the Insurer fails to comply with this notice period then the Insurer will be bound to offer renewal for one year at the current rates, terms and conditions\nThe best overall quotation for each Lot will be awarded 40% and all other tenders will be awarded a proportion of 40% in direct proportion to the best overall quotation."
        },
        "contractPeriod": {
          "endDate": "2029-03-31T23:59:59+01:00",
          "maxExtentDate": "2033-03-31T23:59:59+00:00",
          "startDate": "2026-04-01T00:00:00+01:00"
        },
        "description": "This Section incorporates the following classes of business:\nMotor Fleet\nSchool Minibuses\nOccasional Business Use\nUninsured Loss Recovery Service (ULR)",
        "hasRenewal": true,
        "id": "4",
        "renewal": {
          "description": "plus 2 years and plus 2 years (4 in total)"
        },
        "status": "active",
        "title": "Motor Fleet",
        "value": {
          "amount": 640000,
          "amountGross": 800000,
          "currency": "GBP"
        }
      },
      {
        "awardCriteria": {
          "criteria": [
            {
              "description": "PLEASE NOTE - This tender includes a further lot  -  LOT 7 combined Lots 1,3 and 4 as an option for insurers to provide a bid. this is explained in the attached tender documents along with an explanation regarding how this will be assessed and awarded if it is successful.\nA system error related to Lot Values and Contract Value prevented Lot 7 being shown as a separate Lot of combined lots  1,3 and 4.   \n Award criteria\nQuality\nCriteria to Award Score\n0\tNo response provided\n1\tMinimal information provided with no way to clearly identify what is being offered\n2\tLimited information provided with information on the service provided but with no relevance to the needs of the Contracting Authority \n3\tA generic response provided but missing detail on capability, resource or experience in the Public/Education sector\n4\tSummary details of capability, resource and experience provided but lacking in focus on the contracting authority but evidencing sector specific knowledge\n5\tGood summary of capability, resource and experience provided, focused on the contracting Authority with relevance\nPrice\nTotal cost of Option \nThe Contracting Authority will consider the cost of premium, IPT and aggregate stop limits (where applicable), cost of claims handling (if priced separately), proposals for Low Claims Rebates, and terms for payment when selecting insurers.\nThe Contracting Authority will consider entering into a long term agreement or contract with insurers. The basic minimum requirement is for insurers to quote on the basis of a three year long term agreement with the option for extending for a further period of 24 months.\nIn the event that a LTA is agreed, the Insurer must give the Contracting Authority at least 120 days\u2019 notice in advance of the renewal date if the Insurer intends to breach the agreement. If the Insurer fails to comply with this notice period then the Insurer will be bound to offer renewal for one year at the current rates, terms and conditions\nThe best overall quotation for each Lot will be awarded 40% and all other tenders will be awarded a proportion of 40% in direct proportion to the best overall quotation.",
              "name": "Simple description",
              "type": "price"
            }
          ],
          "weightingDescription": "PLEASE NOTE - This tender includes a further lot  -  LOT 7 combined Lots 1,3 and 4 as an option for insurers to provide a bid. this is explained in the attached tender documents along with an explanation regarding how this will be assessed and awarded if it is successful.\nA system error related to Lot Values and Contract Value prevented Lot 7 being shown as a separate Lot of combined lots  1,3 and 4.   \n Award criteria\nQuality\nCriteria to Award Score\n0\tNo response provided\n1\tMinimal information provided with no way to clearly identify what is being offered\n2\tLimited information provided with information on the service provided but with no relevance to the needs of the Contracting Authority \n3\tA generic response provided but missing detail on capability, resource or experience in the Public/Education sector\n4\tSummary details of capability, resource and experience provided but lacking in focus on the contracting authority but evidencing sector specific knowledge\n5\tGood summary of capability, resource and experience provided, focused on the contracting Authority with relevance\nPrice\nTotal cost of Option \nThe Contracting Authority will consider the cost of premium, IPT and aggregate stop limits (where applicable), cost of claims handling (if priced separately), proposals for Low Claims Rebates, and terms for payment when selecting insurers.\nThe Contracting Authority will consider entering into a long term agreement or contract with insurers. The basic minimum requirement is for insurers to quote on the basis of a three year long term agreement with the option for extending for a further period of 24 months.\nIn the event that a LTA is agreed, the Insurer must give the Contracting Authority at least 120 days\u2019 notice in advance of the renewal date if the Insurer intends to breach the agreement. If the Insurer fails to comply with this notice period then the Insurer will be bound to offer renewal for one year at the current rates, terms and conditions\nThe best overall quotation for each Lot will be awarded 40% and all other tenders will be awarded a proportion of 40% in direct proportion to the best overall quotation."
        },
        "contractPeriod": {
          "endDate": "2029-03-31T23:59:59+01:00",
          "maxExtentDate": "2033-03-31T23:59:59+00:00",
          "startDate": "2026-04-01T00:00:00+01:00"
        },
        "description": "This Section incorporates the following classes of business:\nEngineering Insurance \nEngineering Inspection",
        "hasRenewal": true,
        "id": "5",
        "renewal": {
          "description": "plus 2 years and plus 2 years (4 in total)"
        },
        "status": "active",
        "title": "Engineering",
        "value": {
          "amount": 224000,
          "amountGross": 280000,
          "currency": "GBP"
        }
      },
      {
        "awardCriteria": {
          "criteria": [
            {
              "description": "PLEASE NOTE - This tender includes a further lot  -  LOT 7 combined Lots 1,3 and 4 as an option for insurers to provide a bid. this is explained in the attached tender documents along with an explanation regarding how this will be assessed and awarded if it is successful.\nA system error related to Lot Values and Contract Value prevented Lot 7 being shown as a separate Lot of combined lots  1,3 and 4.   \n Award criteria\nQuality\nCriteria to Award Score\n0\tNo response provided\n1\tMinimal information provided with no way to clearly identify what is being offered\n2\tLimited information provided with information on the service provided but with no relevance to the needs of the Contracting Authority \n3\tA generic response provided but missing detail on capability, resource or experience in the Public/Education sector\n4\tSummary details of capability, resource and experience provided but lacking in focus on the contracting authority but evidencing sector specific knowledge\n5\tGood summary of capability, resource and experience provided, focused on the contracting Authority with relevance\nPrice\nTotal cost of Option \nThe Contracting Authority will consider the cost of premium, IPT and aggregate stop limits (where applicable), cost of claims handling (if priced separately), proposals for Low Claims Rebates, and terms for payment when selecting insurers.\nThe Contracting Authority will consider entering into a long term agreement or contract with insurers. The basic minimum requirement is for insurers to quote on the basis of a three year long term agreement with the option for extending for a further period of 24 months.\nIn the event that a LTA is agreed, the Insurer must give the Contracting Authority at least 120 days\u2019 notice in advance of the renewal date if the Insurer intends to breach the agreement. If the Insurer fails to comply with this notice period then the Insurer will be bound to offer renewal for one year at the current rates, terms and conditions\nThe best overall quotation for each Lot will be awarded 40% and all other tenders will be awarded a proportion of 40% in direct proportion to the best overall quotation.",
              "name": "Simple description",
              "type": "price"
            }
          ],
          "weightingDescription": "PLEASE NOTE - This tender includes a further lot  -  LOT 7 combined Lots 1,3 and 4 as an option for insurers to provide a bid. this is explained in the attached tender documents along with an explanation regarding how this will be assessed and awarded if it is successful.\nA system error related to Lot Values and Contract Value prevented Lot 7 being shown as a separate Lot of combined lots  1,3 and 4.   \n Award criteria\nQuality\nCriteria to Award Score\n0\tNo response provided\n1\tMinimal information provided with no way to clearly identify what is being offered\n2\tLimited information provided with information on the service provided but with no relevance to the needs of the Contracting Authority \n3\tA generic response provided but missing detail on capability, resource or experience in the Public/Education sector\n4\tSummary details of capability, resource and experience provided but lacking in focus on the contracting authority but evidencing sector specific knowledge\n5\tGood summary of capability, resource and experience provided, focused on the contracting Authority with relevance\nPrice\nTotal cost of Option \nThe Contracting Authority will consider the cost of premium, IPT and aggregate stop limits (where applicable), cost of claims handling (if priced separately), proposals for Low Claims Rebates, and terms for payment when selecting insurers.\nThe Contracting Authority will consider entering into a long term agreement or contract with insurers. The basic minimum requirement is for insurers to quote on the basis of a three year long term agreement with the option for extending for a further period of 24 months.\nIn the event that a LTA is agreed, the Insurer must give the Contracting Authority at least 120 days\u2019 notice in advance of the renewal date if the Insurer intends to breach the agreement. If the Insurer fails to comply with this notice period then the Insurer will be bound to offer renewal for one year at the current rates, terms and conditions\nThe best overall quotation for each Lot will be awarded 40% and all other tenders will be awarded a proportion of 40% in direct proportion to the best overall quotation."
        },
        "contractPeriod": {
          "endDate": "2029-03-31T23:59:59+01:00",
          "maxExtentDate": "2033-03-31T23:59:59+00:00",
          "startDate": "2026-04-01T00:00:00+01:00"
        },
        "description": "Employee Fraud\nIndemnity in respect of loss of money, securities and other property resulting directly from one of more fraudulent or dishonest acts committed by an employee, provided that such fraudulent or dishonest acts are committed\nTerritorial Limits\nBritish Isles but including losses resulting from overseas visits\nPolicy Interest\nPolicies are to be prepared in the name of Reading Borough Council \nSubsidiary to be included\nBrighter Futures for Reading Ltd \u2013 In run-off as of 1st April 2026",
        "hasRenewal": true,
        "id": "6",
        "renewal": {
          "description": "plus 2 years and plus 2 years (4 in total)"
        },
        "status": "active",
        "title": "Fidelity Guarantee / Crime",
        "value": {
          "amount": 140000,
          "amountGross": 175000,
          "currency": "GBP"
        }
      }
    ],
    "mainProcurementCategory": "services",
    "procurementMethod": "open",
    "procurementMethodDetails": "Open procedure",
    "status": "active",
    "submissionMethodDetails": "https://in-tendhost.co.uk/readingbc/aspx/Home",
    "submissionTerms": {
      "electronicSubmissionPolicy": "allowed",
      "languages": [
        "en"
      ]
    },
    "tenderPeriod": {
      "endDate": "2025-12-10T14:00:00+00:00"
    },
    "title": "Corporate Insurance Services (2025)",
    "value": {
      "amount": 6800000,
      "amountGross": 8500000,
      "currency": "GBP"
    }
  }
}