Insurance Cover

Description

Jobs & Business Glasgow (JBG) requires the organisation's assets and activities to be adequately covered by insurance provided by reputable and regulated insurers. Any subsidiary company of JBG must also be covered. Lot 3: Excess Layer As stated in the procurement documents. Additional information: The preferred contract award period is for 3 years with the option to extend for a further year (3 plus 1). Jobs & Business Glasgow will however consider alternative rating stability options, with a minimum initial award period of 2 years and the option to extend up to a total of 4 years (2 plus 1 plus 1). Lot 5: Management Liability As stated in the procurement documents. Additional information: The preferred contract award period is for 3 years with the option to extend for a further year (3 plus 1). Jobs & Business Glasgow will however consider alternative rating stability options, with a minimum initial award period of 2 years and the option to extend up to a total of 4 years (2 plus 1 plus 1). Lot 6: Engineering Inspection As stated in the procurement documents. Additional information: The preferred contract award period is for 3 years with the option to extend for a further year (3 plus 1). Jobs & Business Glasgow will however consider alternative rating stability options, with a minimum initial award period of 2 years and the option to extend up to a total of 4 years (2 plus 1 plus 1). Lot 1: Material Damage and Business Interruption As stated in the procurement documents. Additional information: The preferred contract award period is for 3 years with the option to extend for a further year (3 plus 1). Jobs & Business Glasgow will however consider alternative rating stability options, with a minimum initial award period of 2 years and the option to extend up to a total of 4 years (2 plus 1 plus 1). Lot 2: Casualty including Employers and Public/Products Liability As stated in the procurement documents. Additional information: The preferred contract award period is for 3 years with the option to extend for a further year (3 plus 1). Jobs & Business Glasgow will however consider alternative rating stability options, with a minimum initial award period of 2 years and the option to extend up to a total of 4 years (2 plus 1 plus 1). Lot 4: Professional Indemnity As stated in the procurement documents. Additional information: The preferred contract award period is for 3 years with the option to extend for a further year (3 plus 1). Jobs & Business Glasgow will however consider alternative rating stability options, with a minimum initial award period of 2 years and the option to extend up to a total of 4 years (2 plus 1 plus 1).