Sutton Council is providing insurance services to three of its neighbouring boroughs in a move that will save money.
Reigate and Banstead Council have joined Epsom and Ewell and Surrey Heath councils in purchasing their insurance services from Sutton.
By sharing services in this way, the three boroughs make savings due to the shared costs, and they are able to benefit from Sutton’s fully-fledged insurance team.
This approach also means Sutton Council, which already shares services including legal, ICT, HR, Community Safety, and elements of its adoption service, will be able to raise extra revenue.
The insurance service works with council departments to reduce their risk profile - the risks or threats to which councils may be exposed - in order to minimise the likelihood and cost of claims.
Cllr Simon Wales, deputy leader of Sutton Council and lead member for finance and assets, said: ‘Sutton is at the forefront of sharing services with other boroughs to save money while continuing to provide high-quality services.
‘In this case Sutton will be providing the insurance services that will generate income for the council.’
Bill Pallett, head of finance (CFO) at Reigate and Banstead Council, said: ‘At a time of substantial and sustained financial pressures it makes perfect sense to come together to achieve high-quality services, value for money for residents and service resilience.’