The Inscorp Insurance Brokers team has many years’ experience in the motor fleet industry and can offer a full range Own Damage, Third Party Liability, Spillage and Clean-Up, Passenger Liability and Motor Excess of loss covers
Conventional and non-conventional options available.
Conventional Comprehensive Cover
- Own damage, fire theft, windscreen and third-party cover
- Third Party Liability
Non-Conventional Cover
- Aggregate Funding
- Profit share
- 50/50
- Captive Fund
Aggregate Funding (Form of self-insurance)
- Ideal for the company with the ability to handle certain claims themselves and who has a consistent loss history
- Insured responsible for all losses up to the maximum amount and equivalent to the Stop Loss on each claim up to the aggregate amount stated in the policy
- Once the limit is reached, at catastrophe cover will apply
- Each policy is tailor-made according to the needs of the individual company
- Tax benefits applicable
Deposit Premium with Burner Option
- A deposit percentage of premium is allocated
- Should losses paid or reserved exceed the pre-determined burner amount the remainder of the premium is payable to the insured
- Different variations are applicable
Profit Share
- 100% of premium payable to insurer (over 12-month period)
- Should losses paid or reserved run below a pre-determined percentage a portion of the premium will be refunded to the insured
- Different variations are applicable
50/50
- Premium is split:
- Premium and Fund
- Ideally for your larger Companies
- Different variations available depending on company’s individual needs
Captive Fund
- When claims paid and/or reserved exceed a pre-determined percentage of earned premium the cost will be recouped from the fund until fund is exhausted
- There after the policy will convert to a normal conventional policy