Blogs

As a fleet operator, managing motor fleet insurance can be one of the most challenging aspects of running your business. Insurance costs are continually rising, claims management can be cumbersome and traditional insurance providers may not offer the flexibility your business needs. This is where self-insurance comes into play, offering […]

  A captive insurance company is a type of insurance company that is created and owned by a parent company or group of related companies to provide insurance coverage primarily for its own risks and exposures. Instead of purchasing insurance from a traditional commercial insurer, the parent company essentially creates […]

If you’re a fleet operator, you know how important it is to have adequate insurance coverage for your vehicles and drivers. However, you also know how expensive it can be for comprehensive fleet insurance and would be experiencing an increase in claims cost per accident. Would you like to save [...]

When it comes to purchasing insurance policies, one of the key decisions that individuals must make is choosing the appropriate amount of deductible or policy excess. The deductible is the amount of money an individual pays out of pocket before their insurance policy begins to cover expenses. A higher deductible [...]

Motor fleet insurance is a type of insurance coverage that protects businesses that operate a fleet of vehicles, such as cars, trucks and vans. While it is an essential form of protection for any business that relies heavily on vehicles, the cost of motor fleet insurance can be substantial. This […]

A self-retention insurance policy, also known as a self-insured retention (SIR) policy, is a type of insurance policy that allows businesses to assume a portion of the risk associated with their insurance coverage. Under a self-retention policy, the insured party is responsible for paying a predetermined amount, known as the […]

Why self-insurance? There is another way to purchase insurance for businesses: self-insurance. Self-insurance is best looked upon as a high excess (deductible) insurance programme where you purchase a non-standard insurance policy and manage claims by setting aside a pre-agreed amount of money to pay for potential losses. This can be […]

Take control of your motor fleet insurance expenditure Traditional insurance aims to make a profit by charging premiums in excess of expected losses. Insurers provide claims assistance and you will pay an annual premium and revisit in 12 months’ time. But how do you speed up the claims process and […]

1,000 vehicle self-insurance motor fleet solution provided The Problem: We were approached by a large UK courier to provide a solution to their slow claims handling and increasing insurance premium cost. This included-: Premium cost doubling Poor visibility on claims trends Unmanageable driving warranty No long-term cost reduction plan Solution: […]

The Beginner’s Guide to Self-Insurance Self-insurance allows a business to maintain direct control of their insurance programmes, creating a fully personalised experience with its own unique challenges and opportunities for reward by increasing the self-retention for each and every claim. Even though self-insurance programs can help businesses navigate the challenges […]

For larger, more complex clients, self-insuring can be a very effective means to enhance cash flow or insure parts of their operations that are difficult or very expensive in the traditional insurance market, but is not without risk. One option for businesses with a strong balance sheet is to look […]

In simple terms, purchasing an insurance product is transferring your risk for trading to protect your business from a catastrophe. There are some compulsory requirements to purchase insurance, and motor insurance is one of them. However, there are options available to keep the risk “in house” subject to various financial […]

Self-insurance is the decision to retain more risk in-house and on your balance sheet rather than simply purchasing it from a conventional commercial insurance company. Whilst the main objective of self-insurance is to save premium and improve a company’s financial performance, self-insurance differs from standard insurance programmes in that it […]