A three-stage process to lower your cost of risk

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

At Lockton, we have developed a unique and strategic approach to motor fleet 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 programme design, to risk premium – 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.