The Senior Risk and Insurance Officer, Mike Lane, introduced the report of the Assistant Director: Finance which set out the elements which made up the Insurance Fund, the cost of running the Risk & Insurance Section and the Budget for 2018/19.

The report informed that the Budget for 2018/19 was £85,000 more than the agreed Budget for 2017/18. The increased costs had fallen on schools due to changes in the claims experience and values at risk. There was no increase in the overall cost to the General Fund in 2018/19.

A Member commended Mike Lane for the way in which the insurance fund was managed generally. Responding to comments, Mike Lane informed the meeting that insurance for schools was a traded service and they were entitled to look elsewhere for this service.

Resolved – That the Insurance Fund 2018/19, be agreed.