Issue - meetings

The purpose of this paper is to inform Members of the progress made by the Insurance service during 2007/08.

Advice of the Advisory Panel

That the Executive Member be advised:

(i)                 That the contents of this report be noted;

(ii)               That insurance cover should not be procured in respect of the uninsured risks set out at paragraph 10 of this report, but the Theft from Property Cover be reviewed in a year’s time and the Terrorism Cover be reviewed after the move to Hungate.

Decision of the Executive Member

RESOLVED:That the advice of the Advisory Panel be accepted and endorsed.

REASONS:To advise Members of the progress made by the insurance team in delivering an effective and efficient insurance service to the Council. To allow Members to take an informed decision on whether to extend the Council’s insurance portfolio to risks that were currently uninsured.

Members considered a report which informed of the progress made by the Insurance service during 2007/08.

Members were asked to consider the uninsured risk exposures contained at Paragraph 10 and whether insurance cover should be procured. The report advised that with the increasing number of domestic terrorism incidents and the move to Hungate providing a higher profile target Members, as part of this report, might again wish to consider whether they wished to procure this type of cover. The risk remained low at this time and any decision could be again reviewed prior to the move to Hungate.

Members highlighted that there had been theft from other council properties besides schools, including from the Mansion House. Officers reported that unless these thefts had been reported to them they would not be aware of them happening and it was difficult to obtain this information.

Advice of the Advisory Panel

That the Executive Member be advised:

(i)                 That the contents of this report be noted;

(ii)               That insurance cover should not be procured in respect of the uninsured risks set out at paragraph 10 of this report, but the Theft from Property Cover be reviewed in a year’s time and the Terrorism Cover be reviewed after the move to Hungate.

Decision of the Executive Member

RESOLVED:That the advice of the Advisory Panel be accepted and endorsed.

REASONS:To advise Members of the progress made by the insurance team in delivering an effective and efficient insurance service to the Council. To allow Members to take an informed decision on whether to extend the Council’s insurance portfolio to risks that were currently uninsured.