The Head of Financial Services and Acting S151 Officer introduced his report that set out progress made since his previous report to the Audit and Risk Management Committee in March 2016 (Minute No. 56 refers) and key actions planned for 2016/17.

The Head of Financial Services provided an update to Members of the Audit and Risk Management Committee (ARMC) that the increased crime insurance premium as reported in paragraph 3.2.1 also included enhanced cover, which had since been confirmed.

The Committee received a summary update on Policy renewals for the period April to June 2016 that included information on premiums and work undertaken to ensure prior agreement on renewal terms to ensure continuity of cover on various polices – Property, Terrorism, Business Interruption, Computer, Museums and Personal Accident. 

A Member queried the impact of academy schools on the Council’s insurance cover. It was noted that such schools could not be covered by the Council insurance, but Officers had been aiding/advising academy schools on the procurement of replacement insurance cover.

Resolved – That the report be noted.