Issue - meetings

Annual Insurance Report

Meeting: 17/11/2015 - Strategy and Resources Committee (Item 43)

43 Annual Insurance Report pdf icon PDF 109 KB

This report provides an annual update on the Council’s insurance cover arrangements which are provided by the London Borough of Sutton. 

 

Decision:

The Committee:

·         Noted the annual report prepared by the London Borough of Sutton in respect of the new insurance arrangements and continues action taken to improve the handling of claims;

·         Agreed that the Head of Corporate Risk progress discussions with the London Borough of Sutton for a longer term arrangement to achieve potential savings and economies of scale with a view to extending the current Collaboration Agreement.

Minutes:

The Committee received and considered a report which provided an annual update on the Council’s insurance cover arrangements provided by the London Borough of Sutton.  The report also sought agreement to the progression of discussions regarding entering into a longer term arrangement.

The report indicated that direct costs to the Council were reducing and Officers considered that good progress had been made in relation to tree related claims.  This had proved a difficult area in the past with a need to balance an increased risk of claims against the amenity value of a large number of trees in the Borough.

The Committee:

·         Noted the annual report prepared by the London Borough of Sutton in respect of the new insurance arrangements and continues action taken to improve the handling of claims;

·         Agreed that the Head of Corporate Risk progress discussions with the London Borough of Sutton for a longer term arrangement to achieve potential savings and economies of scale with a view to extending the current Collaboration Agreement.