BEML Liability Insurance Service Tender D&O Coverage Bangalore Karnataka 2026 2028

Tender Overview

The tender is issued by Bharat Earth Movers Limited (BEML) for Liability Insurance Service – Director and Officer liability coverage in BANGALORE, KARNATAKA (PIN 560001). Estimated value is ₹370,000 for a two-year renewal covering 2026-27 and 2027-28. The scope centers on renewing D&O liability insurance to protect directors and officers of the organization. The procurement context is the Department of Defence Production involvement through BEML’s risk management requirement. The tender emphasizes ATC-uploaded documents and RFQ compliance, with no active BOQ line items. The obvious differentiator is renewal of an ongoing policy, rather than a fresh cover, requiring continuity, claim handling, and policy terms suitable for government-linked defense procurement.

Technical Specifications & Requirements

• Policy type: Directors and Officers liability insurance (renewal) for 2-year period (2026-27 & 2027-28).
• Geography: India-based cover with Bengaluru address as the primary procurement point; coverage applicable to BEML directors/officers.
• Documentation: Upload all RFQ ATC documents; refer to tender’s ATC file for exact submission format and certificates.
• No BOQ items: No quantity-based line items; the contract is a renewal for a defined policy cover.
• Key focus areas: Claims-made policy, retroactive date, policy limits, defense costs, settlements, and any government liability carve-outs.
• Value context: Estimated at ₹370,000 for two-year coverage, implying annual premium expectations around ₹1.85 lakh.

Terms, Conditions & Eligibility

• Renewal requirement: Two-year D&O renewal (2026-27 and 2027-28).
• ATC compliance: Upload all documents specified in RFQ/ATC; refer to attached ATC for exact documents.
• Location: Bangalore, Karnataka; organization: BEML; department: Department of Defence Production.
• Submission readiness: Standard bid documents plus evidence of prior D&O insurance experience and claim-handling capabilities.
• No specific EMD listed; ensure compliance with RFQ ATC for any security deposit if required.
• Contract scope: Liability coverage for directors and officers, including defense costs and settlements within policy limits.
• Delivery/activation: Upon award, policy to commence per renewal terms; ensure continuity with existing insurer if applicable.