Section I: Contracting authority
Main address: https://www.supplyingthesouthwest.org.uk
Address of the buyer profile: https://www.supplyingthesouthwest.org.uk
Section II: Object
Somerset County Council Insurance Framework Agreement for Somerset and South West Academies
Somerset County Council is seeking to establish an Insurance Framework Agreement for Academies and Academy Trusts in Somerset and the South West Region.
The Council has capacity and structure within its existing Insurance Team to provide a range of services to Academies including the provision of insurance and risk management services.
The procurement process will appoint a single economic operator to the Framework Agreement for the provision of services. The appointed economic operator will be an Insurer on a direct-deal basis or a Broker or Managing Agent exclusively supported by an Insurer.
The Framework Agreement will establish the terms and conditions of business between the Authority and the appointed Insurer for the provision of Insurance services to Academies and Academy Trusts.
Appointment to the Framework Agreement will be to a single economic operator.
Through the Framework a package of Insurance Policies will be made available to Academies and Academy Trusts on the basis of Long Term Agreements of 3 years + 2 years.
The range of covers required are:
a) Material Damage (including Terrorism);
b) Business Interruption (including Terrorism);
c) Works in Progress – “All Risks”;
e) Employer’s Liability;
f) Public/Products Liability;
g) Governors’ Liability;
h) Libel and Slander;
i) Hirers’ Liability;
j) Fidelity Guarantee;
k) Personal Accident;
l) School Journey;
m) Engineering Inspection and Insurance;
n) Deterioration of Stock;
o) Commercial Legal Expenses;
p) Motor including OBU;
q) Professional Indemnity;
r) Trustee and Trust Fund Indemnity
This Framework Agreement will be open to Academies and Academy Trusts within the areas of Somerset County Council, North Somerset Council, Bath and North-East Somerset Council, Dorset County Council, Devon County Council, Plymouth City Council, Torbay Council, Bristol City Council, Cornwall Council, South Gloucestershire Council, Wiltshire County Council, or any of their successor organisations. A list of schools is available at http://www.alltheschools.com/
A new framework may be considered by the Authority to replace this framework upon its expiry. The decision to establish a replacement framework will be at the sole discretion of the Authority.
Section III: Legal, economic, financial and technical information
The Framework Agreement is open to the following organisations:
1) Insurers, being registered with the FCA, proposing to provide the requested service and insurance on a deal-direct basis with the Council and / or with other academy schools insured under the Framework;
2) Insurance Brokers or Managing General Agents who are submitting a bid which is fully and exclusively supported by Insurers who are registered with the FCA and authorised to transact such business.
The Framework Agreement is open to:
1) Insurance companies regulated by the FCA or EU equivalent to carry on business in the relevant classes of Insurance as listed in this Contract Notice in accordance with the provision of the Insurance Companies Act 1982, the Financial Services and Markets Act 2000 and any other statutory modification thereof;
2) Insurance Brokers or Managing General Agents working on an exclusive basis with Insurers must be regulatedby the FCA and all being authorised to underwrite the insurance covers detailed in Annex B of this Contract Notice.
Section IV: Procedure
Section VI: Complementary information