Tag Archives: self-insurance
Ascend Broking Summer Newsletter 2022
Ascend Broking Summer Newsletter 2022 Welcome to our summer newsletter. This month I would like to raise 2 key exposures to your business – underinsurance and your personal negligence exposure. Underinsurance - why inflation can have a major impact on your insurance A not-so-well understood risk is the impact of inflation on insurance and the…
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What are your self-insurance options?
What are your self-insurance options? Self-insurance is one way businesses can maintain some control over their own risks, while still being able to purchase protection at higher entry levels when needed, through an insurer - at rates much lower than those offered by traditional programmes. What can self-insurance programmes cover? Almost any type of traditional…
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A new way of managing insurance cost launches today
Today Self Insurance Protect has been launched! This new, revolutionary area provides an alternative to traditional insurance. The benefits of Self-Insurance include: Lower fixed costs (program administration) Reduced losses through better loss control Improved cash-flow More visibility on claims control Improved overall performance Visit Self Insurance Protect today Contact us on 01245 449060 to find…
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Managing your vehicles that are off the road – SORN
Managing your vehicles – SORN Where vehicles will not be required for a reasonable period of time, sorning (Statutory Off-Road Notification) and asking your insurer to reduce cover to ‘Laid Up’ risks only, as part of your normal vehicle declarations, is one way of helping manage your expenses. However, this does mean that you will need a secure off-road…
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When should you use telematics in your vehicles?
Today’s telematics systems are helping reduce claims reporting times to insurers from the traditional average of 30 days to in some cases to 1 day. That is why more and more businesses are fitting our recommended telematics devices in their vehicles as they look to reduce their fleet risk and reduce insurance costs. These devices can…
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Self Insurance – A boost to your cash flow – but is it also risky?
Self Insurance – A boost to your cash flow – but is it also risky? 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…
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