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Save money by spending on safety

Date: 26 March 2009

Zurich's fleet risk boss believes businesses can still save money in the recession if they take an active stance on safety.

Speaking at the collection of the BusinessCar Award for best risk management firm, practice leader Andy Price said: "Even in this financial climate there's a saving long term even it there's an upfront fee."

Price pointed out that the most common reason to take up a risk management policy was to cut the cost of uninsured loss.

Price added that Nestle, one of Zurich's customers, calculated that to recoup its uninsured losses it would have to sell the equivalent of 235 million Kit Kats.