Request for waiver

To waive the request for waiver and award the contact to Bishopsgate Insurance Brokers (a subsidiary of Ardonagh Group) in relation to the Insurance Broker for the purchase of harbour wall / marine insurance

Following a risk assessment of the Council’s insurance coverage, provided by Abingdon Risk Consulting, a risk emerged regarding the lack of insurance of our sea walls at Ilfracombe and Lynmouth Harbours. A broker was required to help place the insurance cover.

Please note that despite the contract falling below the procurement threshold above, it was seen as good practice to complete the request for waiver process should the contract result in a longer term relationship for the placement of marine insurance.

Our holding Broker, Gallagher’s, were unable to support this type of insurance cover. An analysis of brokers was carried out by Abingdon Risk Consulting which included McGill, Gallagher’s London office and Thomas Carroll. For many it was found that the size of the account would be too small for them to handle, as they had minimum earning requirements which would not be achieved. Ardonagh Group were chosen as the best broker in order to obtain the best cover at an optimum price.