# Insurance Tender - Property Lot 1 Awards 2024-2029

> A sourced UK public-sector contract award published by capitalEsourcing.

## Key facts

- Public buyer: [capitalEsourcing](/buyers/capitalesourcing/contract-awards)
- Contract winner: [Protector Forsikring ASA](/contract-winners/protector-forsikring-asa/public-sector-contract-awards)
- Award value: £3,310,440
- Tender value: £3,310,440
- Award date: 4 March 2024
- Published: 18 April 2024
- Contract start: 1 April 2024
- Contract end: 2 April 2029
- Stage: awarded
- Procurement category: services
- Notice ID: 595082f9-9156-4760-9182-a099b7744084-742188
- OCID: ocds-b5fd17-0efafc7e-dace-41a0-9479-854a7a04af57

## Description

The Royal Borough of Kensington & Chelsea \(RBKC\) has awarded an insurance tender - Property Lot 1 2024-2029 contract to Protector Insurance \(Company No: FC033034\) for the delivery of Property insurance\. The contract is split into 10 Lots as follows: Lot 1: Property Lot 2: Combined Liability Lot 3: Terrorism Lot 4: Director & Officers Liability Lot 5: Crime Lot 6: PA and Travel Lot 7: School Journey Lot 8: Motor Fleet Lot 9: Residential leasehold buildings Lot 10 Engineering Inspection The tender was carried out using the Open procedure using the Council's capitalEsourcing portal\. The Contract Notice was published on 19th of January 2024 and open for 30 days and closed on 19th of February 2024\. The contract will be established for an initial duration of five-year arrangement, premiums are not fixed by the insurers as they will be subject to annual index linking to reflect the current inflation at that time\. This ensures the Councils' assets are adequately insured and not subject to under-insurance\. Additionally, the rate applied by the insurers may be adjusted dependent on the claims loss ratio\.

## Related contract awards

- [Provision of Building and Security Services](/contracts/ocds-b5fd17-76bcf458-a4c3-44ab-bef5-bcc19bbd1095): capitalEsourcing
- [Second Source Responsive Repairs - Multi-trade](/contracts/ocds-b5fd17-01d4c3cb-916c-416a-b30d-a7e608b2ab9f): capitalEsourcing
- [Tavistock Gardens - Hard & Soft Landscaping](/contracts/ocds-b5fd17-f77600dc-ecc9-4ac3-b253-880e9c738284): capitalEsourcing
- [Further Competition Under Insurance Placement DPS 1198 for Bournville Village Trust and their appointed Insurance Broker - Marsh Limited](/contracts/ocds-b5fd17-16161897-afdc-4663-9d09-0538de568d75): Yorkshire Purchasing Organisation
- [Further Competition Under Insurance Placement DPS for Brentwood Borough Council and their appointed Insurance Broker - A\.J\. Gallagher Insurance Brokers Ltd](/contracts/ocds-b5fd17-780ffe32-8498-465d-a722-cc8d48e818e2): Yorkshire Purchasing Organisation
- [Property Insurance and Commercial Property Insurance](/contracts/ocds-b5fd17-00494784-1b6b-4e67-8112-60c0e4c9c0f6): London Borough of Sutton

## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/595082f9-9156-4760-9182-a099b7744084-742188)