What's Happening?
Aon has entered into a partnership with the Fleet Operator Recognition Scheme (FORS) to provide its members with tailored motor fleet insurance options, including a no-obligation risk review. FORS, representing 4,700 fleet operators, aims to enhance safety, efficiency, and environmental standards in the haulage and logistics sector. The collaboration seeks to address underinsurance concerns, with Aon offering insights into potential gaps in coverage and areas for improvement. Rhod Breeze, head of SME partnerships at Aon, emphasized the importance of businesses regularly reviewing their insurance to ensure it meets their specific needs and risks. Geraint Davies, FORS concession director, highlighted the pressure fleet managers face in managing risk and compliance while maintaining cost and operational efficiencies.
Why It's Important?
This partnership is significant as it addresses the prevalent issue of underinsurance among UK businesses, which Aon estimates affects about 50% of companies. By providing fleet operators with expert-led insights into their insurance arrangements, the collaboration aims to enhance their competitiveness and compliance. This initiative could lead to improved safety standards and operational efficiencies in the logistics sector, benefiting both the operators and the broader industry. The partnership also underscores the importance of tailored insurance solutions in mitigating risks and ensuring adequate protection for businesses.
