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Buy nowThe NYDA seeks a qualified insurance company to provide comprehensive short-term insurance services for a period of three years. Key requirements include asset coverage, liability insurance, and claims management.
The National Youth Development Agency (NYDA) is inviting tenders for the appointment of a short-term insurance company to provide a range of insurance services over a three-year period. The selected insurer will be responsible for safeguarding the NYDA's assets through various coverage options, including property, motor fleet, and liability insurance. Additionally, the insurer will assist with claims management and provide expert advice on insurance matters to ensure compliance with the Public Finance Management Act.
The scope of work includes providing coverage for tangible assets, directors and officers liability, group personal accident insurance, and corporate travel insurance. The appointed company will also be expected to offer business interruption and cyber liability insurance, ensuring that the NYDA is protected against financial losses due to unforeseen events. Bidders must demonstrate their experience in the insurance sector, provide a secure claims handling system, and offer competitive premiums tailored to the NYDA's specific needs.
This tender is suitable for established insurance companies with experience in providing short-term insurance solutions, particularly those familiar with the public sector and capable of offering tailored coverage options.