William Eichler 20 July 2017

New mutual to reduce insurance costs for councils

Council chiefs are exploring options to set up a local government mutual to reduce the amount councils spend on insurance every year.

Councils nationally spend more than £650m a year on insurance ranging from property damage and fleet cover to employers’ liability and protection against cyber-attacks.

The Local Government Association (LGA) is working on a new mutual for local authorities that, they believe, will deliver better cover and service at a reduced cost.

The mutual - a company which is owned by and provides products and/or services to its members - will also allow for the sharing of best practice between member authorities.

‘Councils spend hundreds of millions of pounds on insurance nationally,’ said LGA chairman Lord Porter. ‘They also routinely work together to share best practice and support each other to improve, but currently are limited in doing this by understandable confidentiality around insurance contracts.

‘The LGA has for some time been exploring options for the development of a cost effective alternative to the conventional insurance market products and services available to local authorities.’

‘Mutuals are long-established and trusted,’ Lord Porter added.

‘A local government mutual would save councils money and give members the chance to control and manage their risks, claims and cover more effectively.’

The LGA chairman also called on councils to come together in order to form the mutual. This is, he said, the ‘crucial next stage’.

SIGN UP
For your free daily news bulletin
Highways jobs

Financial Strategy Manager (Revenue)

The Royal Borough of Kensington & Chelsea Council
Negotiable
Bring clarity to complex decisions and help shape how we invest in our borough's future.Bring clarity to complex decisions and help shape how we inves England, London
Recuriter: The Royal Borough of Kensington & Chelsea Council

Team Manager - Locality

Wakefield Council
£55,979.00, Grade 13
Wakefield Children’s Services have been rated by Ofsted as GOOD with outstanding leadership. Wakefield, West Yorkshire
Recuriter: Wakefield Council

Safeguarding Business Support

Wakefield Council
£12,792.00 - £13,634.50, Grade 5, 18.5 hours, Temporary- 12 Months Maternity Cover
An opportunity has arisen for an Administrator to support the Integrated Front Door Service Wakefield, West Yorkshire
Recuriter: Wakefield Council

Registered Homes Manager

Durham County Council
Grade 14 £48,710 - £52,805 (Pay Award Pending) plus £2,500 recruitment/retention allowance and £3,500 market supplement. The salary with additional payments equate to an earning potential per annum of £58,805 at the top of the grade.
Salary
Recuriter: Durham County Council

Team Manager, Connected Carers

Durham County Council
Grade 14 £48,710 - £52,805 (Pay Award Pending)
Are you passionate about supporting children to remain within their family networks? Do you have the leadership skills to guide a dedicated team worki Durham
Recuriter: Durham County Council
Linkedin Banner