Corporate Insurance Services

Description

We are seeking tender submissions for annual policies, which commence on 1st April 2026 in the name of: Reading Borough Council CIVIC OFFICES, BRIDGE STREET, READING, BERKSHIRE RG1 2LU Additional Insured Interests: Brighter Futures for Children - a wholly owned Children Services Company - cease trading brought back into RBC 31 March 2026. Whilst Homes for Reading are a wholly owned Company they are not included in the tender. The Long Term Agreement shall contain a break clause in the event of any significant changes to the Authority introduced by Central Government or other bodies that would make the continuance of the Long Term Agreement unsuitable for the Authority. In the event of an intended break in the Long Term Agreement the insurer must provide the Authority with 6 months' notice to enable the Authority to procure a suitable alternative. Please advise within your Tender Specification if this cannot be complied with. The Authority allows a successful Tender to transfer the insurance policies placed as a result of this Tender to another insurer during the term of the LTA provided that the new insurer is in the same ultimate as the original one, the insurer credit rating is not adversely affected and the terms and conditions of the insurance remain the same. Full details of the requirement can be found in the Specification document. The tender documents contain proposals for the works. Estimated contracted value is £8.5M over 3 years.