The Council will carry out due diligence on the financial standing of the Service Provider prior to approval and acceptance onto the Select List, and at least annually thereafter, dependent on risk. If a Service Provider is operating as a sole trader or other entity where financial accounts are not publically available, as is the case with limited companies, information will be made available by the Service Provider to the Council. This may include sight of profit and loss statements and balance sheets, as well provision of personal reference information, such as a business bank manager as may be – requested. The Service Provider shall report to the Council any significant adverse changes in their financial position should be reported within 7 working days, and in the case of imminent insolvency or administration, this must be reported immediately Should there be any county court against a Service Provider or judgements (CCJ’s) its directors/partners or sole traders, or if a director is disqualified the Council shall be notified immediately. Should the Service directors register as a director of a new company at Provider’s any point during the term of the contract, the Service Provider shall declare these directorships to the Council within 14 working days. The Service Provider must implement and maintain levels of insurance cover as follows: Insurance Type Cover to Include (Specific Items) Value Public Liability Sexual abuse and molestation liability cover to £15,000,000 cover proven bodily or mental injury, disease, suffering or death of a Child following sexual abuse Medical malpractice liability cover to cover proven £1,000,000 per bodily or mental injury following the incident maladministration to the Child Employers £5,000,000 Liability Professional £2,000,000 Indemnity Buildings Including accidental and malicious damage Rebuild cost Insurance (unless the property is rented in which case the landlord retains responsibility) Contents Including accidental and malicious damage Replacement costs Insurance based on total occupancy at £1,500 per Child or Young Person The Service Provider will supply copies of certificates to the Council. The Council will not accept any liability for insurance claims. Key Performance Indicators
The Council will carry out due diligence on the financial standing of the Service Provider prior to approval and acceptance onto the Select List, and at least annually thereafter, dependent on risk. If a Service Provider is operating as a sole trader or other entity where financial accounts are not publically available, as is the case with limited companies, information will be made available by the Service Provider to the Council. This may include sight of profit and loss statements and balance sheets, as well provision of personal reference information, such as a business bank manager – as may be requested. The Service Provider shall report to the Council any significant adverse changes in their financial position should be reported within 7 working days, and in the case of imminent insolvency or administration, this must be reported immediately Should there be any county court judgements (CCJ’s) against a Service Provider or its directors/partners or sole traders, or if a director is disqualified the Council shall be notified immediately. Should the Service Provider’s directors register as a director of a new company at any point during the term of the contract, the Service Provider shall declare these directorships to the Council within 14 working days. The Service Provider must implement and maintain levels of insurance cover as follows: Insurance Type Cover to Include (Specific Items) Value Public Liability Sexual abuse and molestation liability cover to cover proven bodily or mental injury, disease, suffering or death of a Child following sexual abuse Medical malpractice liability cover to cover proven bodily or mental injury following the maladministration to the Child £15,000,000 £1,000,000 per incident Employers Liability £5,000,000 Professional Indemnity £2,000,000 Buildings Insurance Including accidental and malicious damage (unless the property is rented in which case the landlord retains responsibility) Rebuild cost Contents Insurance Including accidental and malicious damage Replacement costs based on total occupancy at £1,500 per Child or Young Person The Service Provider will supply copies of certificates to the Council. The Council will not accept any liability for insurance claims. Key Performance Indicators
ps2017539-itt-lacplacements-appendix2c-v01.docx