A question of caps
Your Broking Success article (PB, November, p19) was inaccurate. Kerry London's Alan Roe advises th...
Your Broking Success article (PB, November, p19) was inaccurate.
Kerry London's Alan Roe advises that premium increases on its roofers and scaffolders scheme are capped at 10% - not true. The individual position is that increases are capped at 10% within certain criteria. However, if the scheme loss ratio performance is worse than 50%, a further 20% increase will be applied.
If the whole scheme loss ratio performance is greater than 75%, terms will be applied to ensure the facility runs to budget
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