Decision details

Residential Leasehold Buildings Insurance Renewal

Decision Maker: Cabinet Member for Finance and Council Reform

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No

Decision:

Summary of Decision

The Cabinet Member for Finance and Council Reform has approved the variation of the current contract with Protector Insurance to include the provision of leasehold buildings insurance for a period of one year effective from 01 April 2023 for a contract value of £4,684,424.

 

Reasons for Decision 

Following the exit of all previous leasehold buildings insurers, Protector provide the only option available as no other alternative market is available at this current time.

 

Urgent item?: Yes

Publication date: 24/02/2023

Date of decision: 24/02/2023

Accompanying Documents: