The challenge of running a motor fleet – whether it’s half a dozen cars or several hundred vehicles – against a backdrop of rising costs, the impact of technology such as telematics, means effective fleet risk management is about far more than simply securing the lowest insurance premium.

INSURANCE SOLUTIONS

Motor Fleet

Working with you to reduce the total cost of your fleet risk

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Providing access to the leading motor vehicle insurers in Australia

The challenge of running a motor fleet – whether it’s half a dozen cars or several hundred vehicles – against a backdrop of rising costs, the impact of technology such as telematics, means effective fleet risk management is about far more than simply securing the lowest insurance premium.

Motor Vehicle Insurance can take several forms, from comprehensive cover to third party property damage or compulsory third party cover. We can look after everything from your private vehicle, small commercial fleet, or extensive fleet management. At Lockton we have access to the leading motor vehicle insurers in Australia and can tailor a solution to your fleets needs. 

A three-stage process to lower your cost of risk

We have developed a unique and strategic approach to motor risk management which takes in three distinct stages to reduce total cost of risk; assessment, design and implementation. Starting from a comprehensive review of your current fleet risk management including an analysis of historical claims and peer benchmarking, we will work with you to create a plan to deliver improvements in accident frequency, claims costs and operational efficiency. We will then implement a solution which aims to deliver the lowest total cost of risk by driving and controlling all insurance market negotiations from program design including various structures to suit your risk appetite such as Aggregate Deductibles or Burning Cost methods, to risk premium - then presenting your risk profile and risk improvement plan to the insurers we have identified as the most appropriate for your fleet - as well as claims management.

Our Products and Services

Our motor fleet products and services include:

  • Private motor, commercial motor and motor fleet policies

  • Combined motor fleet and contractors plant and plant equipment policies 

  • Bespoke contractors plant and equipment for larger fleets of vehicles and equipment

  • Fleet risk management strategy – review and development

  • Risk financing and optimisation

  • Claims analysis, reporting and management

  • Alternative structures analysis to suit risk appetite and maturity

  • Peer benchmarking

Key Contact

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Peter Barron

National Manager, Corporate Risks (Perth)
peter.barron@lockton.com
+61 437 202 955

Questions? We'll guide you in the right direction.

Ask us about our products, services or anything else on your mind. Our insurance and risk specialists are here to help.

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