William Eichler 21 January 2019

Crawley council joins ‘money-saving’ insurance mutual

Crawley Borough Council has become a founding member of the local government insurance mutual, which it argues will help reduce the authority’s ‘forecasted budget gap’.

The Local Government Mutual offers councils a cost-effective alternative to the conventional insurance market products and services available to local government.

Owned and controlled by its members, and supported by the Local Government Association, the mutual reduces the typical members’ risk exposure without increasing their costs.

The structure of the mutual means member councils will not pay insurance premium tax, currently set at 12%, on the vast majority of insurance products.

It guarantees caps on losses each year and eliminates uncertainty over losses in future years, as well as building up a surplus that may be used to reduce the cost of protection or improve members’ claim experience.

Crawley council’s decision to become a founding member will mean it can provide a senior elected member to join the mutual’s board. It will also be involved in the establishment of the governance and management arrangements.

Leader of the council, Peter Lamb, said: ‘It’s great to see Crawley Borough Council become a founding member of this initiative. The mutual is another way the council is saving money to put back into services and to reduce the forecasted budget gap.’

SIGN UP
For your free daily news bulletin
Highways jobs

Principal Accountant

Durham County Council
£47,181 to £51,356 p.a. (Grade 13)
Durham County Council is the largest council in the North East, we have a budget of around £1.3 billion which helps us provide services to more than 5 Durham
Recuriter: Durham County Council

Mechanical Foreman

Durham County Council
£35,412 to £39,152 p.a. (Grade 9)
A vacancy has arisen within Building and Facilities Management for a Mechanical Foreman working full time 37 hours.   WHAT IS INVOLVED?    Within a co Durham
Recuriter: Durham County Council

Occupational Health Physiotherapist

Durham County Council
£40,777 to £45,091 p.a. (Grade 11)
An exciting opportunity has arisen with Durham County Council to join our well established ‘in house’ Occupational Health Service in making a positiv Durham
Recuriter: Durham County Council

Apprentice - Housing Management

Durham County Council
£14,566 per annum / £7.55 per hour (NMW in Second Year)
Earn. Learn. Qualify. Do you want to earn while you learn, with the chance of progression once you qualify? Do you want the opportunity to grow, devel Seaham
Recuriter: Durham County Council

School Crossing Patrol

Durham County Council
Grade 1 £3,383 (approx.) £12.85 per hour
Join our School Crossing Patrol Service! Are you punctual and reliable? Do you have good communication skills and a strong sense of community spirit? Durham
Recuriter: Durham County Council
Linkedin Banner