NEWS
Allianz provides plant discounts
In a bid to combat plant and other approved security downtime and increased
theft, Allianz Engineering is devices. In addition, the insurance premiums are all
offering premium discounts of standard theft excess can be negative impacts.
up to 45 per cent and theft reduced by 50 per cent or, in “The introduction of
NEW?
excess reductions to clients certain circumstances, a nil measurable security standards
who show a proactive excess can apply. by Thatcham allows insurers
approach to plant protection. Brian Fearnhead, Allianz to provide a financial
At least 10 items of plant Engineering’s construction incentive to plant owners who
are stolen every day, costing underwriting manager, said: assume a proactive approach
T’S
the insurance industry in the “We have a long term to plant protection and help
region of £1million each week commitment to helping reduce the threat of thefts.
said the insurer. Theft and reduce the number of plant Brokers can play a crucial role
malicious damage losses thefts that take place in the in detailing the risk of plant
account for 63 per cent of all UK. The cost of theft to a theft to clients and advising
plant claims and as a result, business can be much greater on appropriate security
Allianz Engineering is than the bill for replacing measures which now provide
incentivising companies to stolen machinery safety fines, significant financial reward.”
take appropriate security
WHA
measures by agreeing formal
discounts, based on a new
Thatcham fivestar security
rating scheme.
The Thatcham scheme
brings together a number of
Transactor shows rise
plant security measures to
in profits
provide comprehensive
Software house Transactor
security which makes plant
has announced results showing
more resistant to theft. These
turnover was £3.72 million,
include:
compared to £2.46 million in
2007/8, an increase of 51 per
● Construction Equipment
cent. Pre-tax profit was
Security and Registration
£475,000 (£39,000 for 2007/8)
(CESAR)
and net earnings were
● Unique key operation
£351,000 (£19,000 for 2007/8).
● Immobilisation
Managing director Ray
● Site perimeter security
Vincent said: “Our recurring
● Tracking devices.
income grew steadily
throughout 2008/9 and we
Allianz Engineering
also won 13 new clients.
clients, who meet the
Employee numbers grew from
qualification criteria, can
52 to 66 in the trading year.
benefit from a discount of up
Transactor has increased its
to 45 per cent on their
presence in personal lines
insurance premiums if their
markets and introduced several
plant, when purchased new,
new internet software
has a Thatcham fivestar rating
products including the
or they have voluntarily
industrys first self-build
upgraded their existing plant
website toolset.”
to include CESAR protection
34 Insurance Brokers’ Monthly
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