J001010 - Lycetts Newsletter Jan 2024 LR - Flipbook - Page 15
YOU R ON E-STOP
SHOP FOR H& S
We understand that health and safety is a tricky
and complex area to navigate, which is why
we are here to help. Lycetts Risk Management
Services (LRMS) provides a one-stop shop for
all health and safety and inspection services.
All employers have a legal responsibility under
legislation such as the Health and Safety at Work Act
1974 and the Management of Health and Safety at
Work Regulations 1999 to ensure the health, safety
and welfare at work of their employees. There are
also statutory inspections for machinery and
equipment in the form of LOLER, PUWER, passenger
lift, PSSR and PPE inspections. It can be timeconsuming and complex to assess the individual risk
profile of your business and to ascertain exactly
what is needed to comply with industry-specific
legislation or to satisfy inspection criteria.
Through our team of accredited and experienced
professionals we can help businesses to comply
with all aspects of current legislation.
Alex Cormack
Head of Health
& Safety
A full health and safety pack starts at £99 which is a
fraction of the cost of any comparable plan. We can
provide assistance to any level including the full
management of all health and safety requirements,
freeing you up to concentrate on running your
business.
A strategically managed approach will ensure that
your investment delivers the maximum return in
terms of reduced risk without false starts or
unnecessary expenditure. This means that
maximum value is delivered at the lowest cost,
without compromising your employees’ safety.
There are also additional cost benefits in terms of
reduced insurance premiums and protection
against raised premiums.
T H E C A R I NSU R A NCE SCE N E
The cost of standard car insurance continues to
rise. Recent 昀椀gures from the Association
of British Insurers (ABI) suggest a 29 per cent
increase for the third quarter of last year alone.
Insurers partly blame rising prices due to the
increased cost of materials and energy, plus an
ongoing shortage of spare parts. A post Covid
backlog, the war in Ukraine, and inflationary
pressures are blamed for long delays in the
delivery of both parts and new cars, resulting in
a steep rise in second hand values, as well as a
lack of availability. While inflation may be easing,
the market remains hard. As a result of these
factors, the insurance of Electric Vehicles (EVs)
remains expensive.
Those insurers still providing cover will likely insist
upon the installation of a Thatcham Category S5
tracker, which provides 24/7 monitoring and
automatic driver recognition. Installing new
technology such as ghost immobilisers may also
increase your chance of obtaining cover. Making
use of a unique pin code without which the car will
not start, even with the key inside, is another
available tool. This state-of-the-art technology
prevents key cloning, signal jamming and device
spoofing and can be installed for around £500.
It is difficult to see the situation changing in the
short-term and despite our efforts on your behalf,
clients would be well advised to prepare for
increases in premiums for both private vehicles
and fleets in the short term.
Andrew Hay
Associate Director,
Newcastle
Theft is a major contributor to increased
premiums, with statistics from the Office of
National Statistics (ONS) suggesting a car is stolen
every 8.5 minutes in the UK. The DVLA confirmed
theft of 61,106 vehicles in 2022, a 26 per cent
increase on the previous year. Prestige vehicles
such as Range Rovers are actively sought by
thieves with high value, keyless models particularly
targeted. 2023 saw a 47 per cent increase in Range
Rover thefts, making the model difficult and
expensive to insure.
15
