Heath Lambert issues its State of the Market Report 2008
–21 February 2008
Heath Lambert has issued its latest State of the Market Report, focusing on transportation.
According to report, it is difficult to see the current soft market lasting beyond another year or two. “Consequently, now is a good time to plan ahead for the future with a view to minimising any swings in future insurance spend,” it says.
One option it suggests is to start thinking about higher deductibles or other forms of self insurance. Another possibility it says is to consider a two-year or, preferably, three-year deal. “Insurers are already offering two-year deals and we have negotiated several at a fixed rate for three years. That provides clients with budget stability and, almost certainly, lower rates once the market does start to harden.”
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