Insurance services

Description

Somerset County Council have established 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. An economic operator has been appointed to the Framework Agreement for the provision of the services. The appointed economic operator is an Insurer on a direct-deal basis. The Framework Agreement has established the terms and conditions of business between the Authority and the appointed Insurer for the provision of Insurance services to Academies and Academy Trusts. Through the framework a package of insurance policies is available to Academies and Academy Trusts on the basis of Long Term Agreements of 3 years + 2 years. The range of covers are: (a) material damage (including terrorism); (b) business interruption (including terrorism); (c) works in progress — “All Risks”; (d) money; (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 is 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/