Procurement Summary
Country : Norway
Summary : Directors and Officers Liability Insurance
Deadline : 31 May 2021
Other Information
Notice Type : Tender
TOT Ref.No.: 52910386
Document Ref. No. : 231770-2021
Competition : ICB
Financier : Self Financed
Purchaser Ownership : -
Tender Value : NOK 1600000.00
Purchaser's Detail
Purchaser : OSLO KOMMUNE V/ BOLIGBYGG OSLO KF
Address : Postboks 1192 Sentrum
Town : Oslo
NUTS-Code : NO081 - Oslo
Postal Code : 0107
Contact Point : Eva-Kristin Danielsen
Phone : +47 47667213
Norway
Email :eva-kristin.danielsen@bby.oslo.kommune.no
URL :www.boligbygg.no
Tender Details
Document Type : Contract notice
Title : Directors and Officers Liability Insurance
Reference Number : 21/1058
Contract Type : Services
Estimated Value : 1600000.00 - NOK
Description : Boligbygg Oslo KF (Boligbygg) needs directors and officers liability insurance on general terms for the board in Boligbygg. We would like minimum NOK 100 000 000 in the insurance sum and Boligbygg will also consider up to NOK 200 000 000.
There is no existing directors and officers liability insurance, as Oslo Municipality did not previously allow this. Boligbygg has clarified that Oslo Forsikring AS cannot offer directors and officers liability insurance. There is, therefore, a need to procure directors and officers liability insurance in the market.
As a municipal company is part of the municipality, and a municipality cannot be declared bankrupt, it is assumed that it will not be practical for third persons to file claims against board members in a KF than in other companies. Furthermore, the municipality has employer liability for the board members and will be liable for damage that the board members intentionally or negligently inflicts on others, unless they act outside their post.
66000000 - Financial and insurance services
66510000 - Insurance services
66516500 - Professional liability insurance services
Authority Type : Regional or local authority
Type of Procedure : Competitive procedure with negotiation
Regulation : European Eco...
Documents
Tender Notice