Directors’ and officers’ liability insurance service

Summary

The tender seeks directors’ and officers’ liability insurance for the electricity companies operating in Cádiz. Suministradora Eléctrica de Cádiz, S.A. is the policyholder, and Comercializadora Eléctrica de Cádiz, S.A. is also named as an insured company. The policy must cover claims arising from negligent acts, or alleged negligent acts, committed in the performance of management duties. Required protection includes, among other things, employment, tax and insolvency-related liability, legal defence costs and bail, administrative fines, cover for the company and non-executive directors, and various incident-related expenses. The indemnity limit is €6,000,000 per claim and policy year; territorial scope is the European Union, retroactive cover is unlimited, and there is no deductible. The initial contract term is one year from 00:00 on 1 December 2026, with up to two further one-year extensions by express agreement of both parties. The estimated total contract value is €18,000 and the base tender budget is €6,000 excluding VAT; the documents state a gross premium of €6,489 including insurance taxes and charges. Bids are scored out of 100 points: the annual net premium is worth up to 90 points and an additional notification period up to 10 points. The tender documents state different additional-premium rates for this extension: the award criteria specify 0%, 75% and 125% of the last annual net premium for 12, 24 and 36 months respectively, while the technical specification states 50%, 100% and 150%. Bidders should seek clarification from the contracting authority before preparing their offers. The bidder must be an insurer authorised for the relevant insurance class and meet the turnover and prior-experience requirements. The contract is not divided into lots; variants and subcontracting are not permitted.