This report provides an update on the future insurance cover for the Council; advises on the increased insurance costs and recognises that the increased costs will be met from existing budget.

In accepting the recommendation, the insurance costs as set out in Annex A at £216,180 will be accepted.

The subject of the decision:

The Council’s insurance policy expired on 1 November 2014.  This report provided an update on the future insurance cover for the Council; provided advice on the increased insurance costs and recognised that the increased costs would be met from the existing budget.

Alternative options considered:

None.

The reason for the decision:

To enable insurance cover to be provided and to ensure the most cost effective cover for the Council.

THE DECISION:

That the insurance costs as set out in Annex A of the report of £216,180 be accepted.