Premium finance house TIFCO has agreed to finance both the premium and the risk management costs, such as Qualified Driver Training, of a new motor fleet scheme.
The scheme is launched by risk management company Rarrigini & Rosso and is underwritten by several insurers.
Each year, 65% of all company vehicle drivers are involved in a traffic accident. One in 40 will be killed or suffer serious injury on the roads, while a thousand UK company drivers end up in hospital every week.
TIFCO managing director Ian Jerrum said: "For the first time, employers will be able to spread their fleet insurance and risk management costs in a highly cost-efficient way.
"And, of course, an improved claims record will result in dramatically-reduced fleet running costs and lower insurance premiums."
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
