This contract has been designed to address the challenges you face when it comes to procuring insurance cover. The contract accommodates various business models adopted by insurers and insurance intermediaries operating in the social landlord sector. The structure of the contract is flexible enough to allow the best broker and insurance partnership bid as well as providing access to direct dealing insurers.
There are two elements to the service provision available to you via this contract:
- YPO’s procurement support and management of the end-to-end process - The work we do with you prior to the commencement of the formal procurement will ensure that you receive maximum competition from the insurance markets and value for money submissions. We draft and design the further competition document (which will be bespoke for your organisation), and we run and oversee the entire procurement process for you, including the moderation meeting and drafting of award and rejection letters.
- YPO provides access to an FCA accredited insurance advisor - The insurance advisor will work with you to design your insurance programme and write a specification to ensure your insurance policies are fit for purpose in covering your risk exposures. The advisor will also organise and chair pre-tender 1-1 sessions and support you in the evaluation of the insurance proposals.
The contract guarantees a transparent process for social housing providers and insurance partners. The competitive style of the closed bid process ensures all potential partners put forward their best possible terms on pricing, cover levels and value-added services e.g. workshops, training and risk management.