Procurement of General Insurance (excluding Broker and Administration Services)
Contract Value:
-
Notice Type:
Contract Notice
Published Date:
01 November 2024
Closing Date:
17 January 2025
Location(s):
UKN NORTHERN IRELAND (UK UNITED KINGDOM)
UKN0 Northern Ireland (UK UNITED KINGDOM)
Description:
NI Water seeks to procure various general insurance services, including coverage for property damage, business interruption, public liability, cyber risks, and specialized insurance for environmental and weather-related events.
Procurement of General Insurance (excluding Broker and Administration Services). General Insurance Property Damage & Business Interruption Material Damage & Business Interruption Material Damage / Business Interruption (NI Water Alpha & Dalriada) Material Damage and Business Interruption Public Liability - GBP 25m Liability to Third Parties Excess PL GBP 35m / GBP 25m Liability to Third Parties Excess PL - GBP 40m / GBP60m Liability to Third Parties Employers Liability - GBP 25m Liability for Injury to Employees Excess EL - GBP 25m / GBP 25m Liability for injury to Employees Solar Farm Loss of or Damage to Solar Farm inc Business Interruption Motor Fleet Comprehensive and Third Party only Motor Insurance Environmental Impairment Liability: Northern Ireland Water Gradual pollution cover Environmental Impairment Liability - NI Water Alpha and Dalriada Gradual Pollution cover Terrorism Property Damage and Business Interruption Cyber - GBP 10m Cyber Insurance including First Party, Third Party and Event Management. It is NI Water's intention to award contract(s) for Cyber Insurance with a total coverage of GBP 10m. This may be in the form of a single policy of GBP 10m or a primary policy and one or more excess layers. Should the exact level of coverage required not be available from the initial submissions, NI Water may request Economic Operators to refine their submissions or may award contracts for a different total coverage. Directors & Officers (inc EPL in respect of NI Water Alpha) Insurance for wrongful act by Director or Officer and EPL for NI Water Alpha Employees Pension Trustees Liability Insurance for wrongful act as a Pension Trustee Professional Indemnity Professional Liability in respect of services provided Crime - NI Water Alpha only Insurance for loss sustained as a direct result of Crime. Cover in respect of NI Water Alpha only. Parametrics - Freeze Thaw Weather related Insurance for Freeze Thaw events. Parametrics for High Temperature - LTA to 2027 Weather related Insurance for High Temperature. This is a precautionary notice should the current Long Term Agreement be breached. Parametrics Lack of Rainfall - LTA to 2027 Weather related Insurance for Lack of Rainfall. This is a precautionary notice should the current Long Term Agreement be breached. Computer - NI Water: LTA to 2026 Accidental Damage, Business Interruption and Recompliation of Data. This is a precautionary notice should the current Long Term Agreement be breached. Computer - Dalriada Water Ltd & NI Water Alpha: LTA to 2026 Accidental Damage, Business Interruption and Recompliation of Data. This is a precautionary notice should the current Long Term Agreement be breached. Travel and Personal Accident: NI Water Alpha only: LTA to 2026 Insurance in respect of Travel and Personal Accident for Dalriada Water Ltd and NI Water Alpha Employees only. This is a precautionary notice should the current Long Term Agreement be breached. Material Damage & Business Interruption for Battery Storage: LTA to 2027 Material Damage and Business Interruption Insurance in respect of a Battery Storage Installation. This is a precautionary notice should the current Long Term Agreement be breached.