LONDON – September 25, 2009 – In an innovative move that will help UK coach operators to manage and reduce accident, insurance, operational and environmental costs, Belmont International has joined forces with the Confederation of Passenger Transport (CPT) to launch its new Coach-Save scheme.
At the forefront of passenger transport insurance and risk management for more than two decades, Belmont has developed Coach-Save in partnership with Aviva, the UK’s largest insurer, and fleet safety specialists GreenRoad. The new scheme will offer both existing CPT members and new joiners the opportunity to fix their insurance costs for three years, whilst at the same time helping to drive down accident and fuel costs.
Announcing Coach-Save, Barrie Etchells, Managing Director of Belmont, said: “We are delighted that during these financially uncertain times we are able to offer coach operators an approach that will improve road safety and deliver money to their bottom line.
“The traditional insurance approach taken by many operators involves an annual review that, at best, can make a small contribution to their bottom line. Coach-Save will offer a far broader approach that can make a far more significant impact on wider operating costs as well as safety levels.
“Operators who control claims costs, thanks to proactive risk management, will enjoy fixed rates on their motor fleet insurance for three years while also benefiting from low claims rebates. But it is the use of GreenRoad, which has been shown to have a significant impact on fuel and accident frequency by changing and managing driver behaviour, that truly differentiates Coach-Save from standard insurance offerings.”
The joint initiative between CPT and Belmont comes at an opportune time for coach operators. With UK insurers set to increase insurance premiums in the months to come, a solution that will provide budget certainty and the promise of low claim rewards will be a welcome relief for operators.
Simon Posner, Chief Executive of CPT, commented: “We are delighted to be able to offer our members, or anyone looking to join CPT, this exclusive deal. By teaming up with Belmont International, real benefits are available that will not only produce cost savings, but will also support accident reduction and improve fuel efficiency.”
The GreenRoad service combines automated in-vehicle driver coaching with integrated Internet-based applications that continuously rate driving skills and behaviour and provide real-time feedback to drivers. As a result, it has been shown to reduce fleet accidents by over 50% and own-fault accidents by over 40% and to improve on fuel efficiency by 10% based on actual results by GreenRoad customers. For example, FirstGroup achieved a 70% decrease in the number of unnecessary driving manoeuvres with the GreenRoad service during a trial, prompting the world’s largest bus company to expand the GreenRoad service to its entire fleet of 9,000 buses in the UK.
Barrie concluded: “All of the components of this new solution will only be available to CPT members, so there is now an added incentive for operators to join the Confederation. The financial justification for joining Coach-Save is huge and more than pays for the cost of CPT membership. With additional risk and insurance solutions already in the pipeline, Belmont and CPT are determined to assist coach operators for years to come.”
Coach operators interested in finding out more about Coach-Save should contact Phil White at email@example.com or 01732 744749.