Fleeting success.
Brokers, as well as insurers, have a major role to play in helping fleet operators to keep insurance costs low through the successful application of risk management measures, says Joe Freebody.
In today's insurance market, risk management for fleet operators isan absolute essential. Insurance costs are rising rapidly, the burden of
taxing and operating fleets continues to grow, and operators' legal
responsibilities and obligations are increasing each month.
If the resulting overall increase in cost is £50,000 a year, a company
operating at a 5% profit margin will need to generate an extra £1m of
revenue just to cover the increase in cost. What is easier? To generate
this additional £1m
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