Procurement of General Insurance (excluding Broker and Administration Services)

A Utilities Contract Notice
by NORTHERN IRELAND WATER LIMITED

Source
Find a Tender
Type
Contract (Services)
Duration
5 year
Value
___
Sector
BUSINESS
Published
04 Dec 2023
Delivery
01 Apr 2024 to 31 Mar 2029
Deadline
17 Jan 2024 17:00

Concepts

Location

BELFAST

Geochart for 3 buyers and 0 suppliers

3 buyers

Description

General Insurance

Lot Division

1 Cyber Insurance - GBP 5m
  • Duration: 5 year

Cyber Insurance including First Party, Third Party and Event Management. It is NI Water's intention to award contract(s) for Cyber Insurance with total coverage of £10m across Lots 1 & 2. This may be in the form of a single policy of £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.

Award Criteria
Quality of Cover 35.0
Risk Management 10.0
Claims Management 10.0
Social Value 10.0
PRICE 35.0
2 Cyber Insurance GBP 5m / GBP 5m
  • Duration: 5 year

Cyber Insurance including First Party and Third Party Claims. It is NI Water's intention to award contract(s) for Cyber Insurance with total coverage of £10m across Lots 1 & 2. This may be in the form of a single policy of £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.

Award Criteria
Quality of Cover 35.0
Risk Management 10.0
Social Value 10.0
PRICE 45.0
3 Directors & Officers (inc EPL in respect of NI Water Apha)
  • Duration: 5 year

Insurance for wrongful act by Director or Officer and EPL for NI Water Alpha Employees.

Award Criteria
Quality of Cover 35.0
Risk Management 15.0
Claims Management 15.0
PRICE 35.0
4 Professional Indemnity
  • Duration: 5 year

Professional Liability in respect of services provided

Award Criteria
Quality of Cover 35.0
Risk Management 15.0
Claims Management 15.0
PRICE 35.0
5 Pension Trustees Liability
  • Duration: 5 year

Insurance for wrongful act as a Pension Trustee

Award Criteria
Quality of Cover 35.0
Risk Management 15.0
Claims Management 15.0
PRICE 35.0
6 Parametrics for High Temperature
  • Duration: 5 year

Weather related Insurance for High Temperature. Award of this Lot is subject to the outcome of Lot 8. If it is determined by NI Water that Lot 8 satisfies it's requirements it may not progress with the award of this Lot.

Award Criteria
Quality of Cover 35.0
Risk Management 15.0
Claims Management 15.0
PRICE 35.0
7 Parametrics Lack of Rainfall
  • Duration: 5 year

Weather related Insurance for Lack of Rainfall. Award of this Lot is subject to the outcome of Lot 8. If it is determined by NI Water that Lot 8 satisfies it's requirements it may not progress with the award of this Lot.

Award Criteria
Quality of Cover 35.0
Risk Management 15.0
Claims Management 15.0
PRICE 35.0
8 Parametrics - Increased Water Production
  • Duration: 5 year

Increased Water Production Parametrics Insurance

Award Criteria
Quality of Cover 35.0
Risk Management 15.0
Claims Management 15.0
PRICE 35.0
9 Crime - NI Water Alpha only
  • Duration: 5 year

Insurance for Loss sustained as a direct result of Crime. Cover in respect of NI Water Alpha only

Award Criteria
Quality of Cover 35.0
Risk Management 15.0
Claims Management 15.0
PRICE 35.0
10 Property Damage & Business Interruption: LTA to 2025
  • Duration: 5 year

Material Damage & Business Interruption. This is a precautionary notice should the current Long Term Agreement be breached or should increased capacity be required if insurance values increase beyond capacity of existing Insurers.

Award Criteria
Quality of Cover 35.0
Risk Management 15.0
Claims Management 15.0
PRICE 35.0
11 Material Damage / Business Interruption (NI Water Alpha): LTA to 2025
  • Duration: 5 year

Material Damage and Business Interruption. This is a precautionary notice should the current Long Term Agreement be breached or should increased capacity be required if insurance values increase beyond capacity of existing Insurers.

Award Criteria
Quality of Cover 35.0
Risk Management 15.0
Claims Management 15.0
PRICE 35.0
12 Public Liability - GBP 25m: LTA to 2025
  • Duration: 5 year

Liability to Third Parties. This is a precautionary notice should the current Long Term Agreement be breached.

Award Criteria
Quality of Cover 35.0
Risk Management 15.0
Claims Management 15.0
PRICE 35.0
13 Excess PL GBP 35m / GBP 25m: LTA to 2025
  • Duration: 5 year

Liability to Third Parties. This is a precautionary notice should the current Long Term Agreement be breached.

Award Criteria
Quality of Cover 35.0
Risk Management 15.0
Claims Management 15.0
PRICE 35.0
14 Excess PL - GBP 40m / GBP 60m: LTA to 2025
  • Duration: 5 year

Liability to Third Parties. This is a precautionary notice should the current Long Term Agreement be breached.

Award Criteria
Quality of Cover 35.0
Risk Management 15.0
Claims management 15.0
PRICE 35.0
15 Employers Liability - GBP 25m: LTA to 2025
  • Duration: 5 year

Liability for Injury to Employees. This is a precautionary notice should the current Long Term Agreement be breached.

Award Criteria
Quality of Cover 35.0
Risk Management 15.0
Claims Management 15.0
PRICE 35.0
16 Excess EL - GBP 25m / GBP 25m : LTA to 2025
  • Duration: 5 year

Liability for Injury to Employees. This is a precautionary notice should the current Long Term Agreement be breached.

Award Criteria
Quality of Cover 35.0
Risk Management 15.0
Claims Management 15.0
PRICE 35.0
17 Solar Farm : LTA to 2025
  • Duration: 5 year

Loss or or Damage to Solar Farm inc Business Interruption. This is a precautionary notice should the current Long Term Agreement be breached.

Award Criteria
Quality of Cover 35.0
Risk Management 15.0
Claims Management 15.0
PRICE 35.0
18 Motor Fleet: LTA to 2025
  • Duration: 5 year

Comprehensive and Third Party only Motor Insurance. This is a precautionary notice should the current Long Term Agreement be breached.

Award Criteria
Quality of Cover 35.0
Claims Management 15.0
Risk Management 15.0
PRICE 35.0
19 Environmental Impairment Liability: LTA to 2025
  • Duration: 5 year

Gradual Pollution Cover. This is a precautionary notice should the current Long Term Agreement be breached.

Award Criteria
Quality of Cover 35.0
Risk Management 15.0
Claims Management 15.0
PRICE 35.0
20 Computers - NI Water : LTA to 2026
  • Duration: 5 year

Accidental Damage, Business Interruption and Recompilation of Data. This is a precautionary notice should the current Long Term Agreement be breached.

Award Criteria
Quality of Cover 35.0
Risk Management 15.0
Claims Management 15.0
PRICE 35.0
21 Computer- Dalriada Water Ltd & NI Water Alpha Ltd: LTA to 2026
  • Duration: 5 year

Accidental Damage, Business Interruption and Recompilation of Data. This is a precautionary notice should the current Long Term Agreement be breached.

Award Criteria
Quality of Cover 35.0
Claims Management 15.0
Risk Management 15.0
PRICE 35.0
22 Terrorism: LTA to 2025
  • Duration: 5 year

Property Damage & Business Interruption. This is a precautionary notice should the current Long Term Agreement be breached.

Award Criteria
Quality of Cover 35.0
Risk Management 15.0
Claims Management 15.0
PRICE 35.0
23 Travel and Personal Accident: LTA to 2026
  • Duration: 1 year

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.

Award Criteria
Quality of Cover 35.0
Risk Management 15.0
Claims Management 15.0
PRICE 35.0
24 Parametrics Freeze Thaw: LTA to 2025
  • Duration: 5 year

Weather related Insurance for Freeze Thaw. This is a precautionary notice should the current Long Term Agreement be breached.

Award Criteria
Quality of Cover 35.0
Risk Management 15.0
Claims Management 15.0
PRICE 35.0

CPV Codes

  • 65100000 - Water distribution and related services
  • 66516400 - General liability insurance services
  • 66515410 - Financial loss insurance services
  • 66516500 - Professional liability insurance services
  • 66515300 - Weather and financial loss insurance services
  • 66515200 - Property insurance services
  • 66516000 - Liability insurance services
  • 66515000 - Damage or loss insurance services
  • 66514110 - Motor vehicle insurance services
  • 66512000 - Accident and health insurance services

Indicators

  • Bids should cover one or more lots.
  • Bids should cover the whole contract.
  • This is a recurring contract.
  • Options are available.
  • Renewals are available.
  • Financial restrictions apply.
  • Professional qualifications are sought.
  • Award on basis of price and quality.

Reference

Domains