If early contact with the third party (TP) is made following an
at fault
motor accident, very significant savings can be made by handling the TP
claim directly rather than letting the TP fall
into the hands of unscrupulous
credit hire operators and lawyers.
This is the approach taken by First Group, (FG) the UK's largest
bus
operator.
The saving in TP damage claims achieved by direct handling
for
the
07/08 accident year has been 37% so far.
In addition fewer TP injury claims are made when TP damage
claims are
handled directly by FG.
This saving is not possible unless the driver reports the accident, with the
TP contact details, within about 6 hours – something
that can only happen, realistically, if a telephone reporting
process is in place.
Using the lessons learned at FG, C-MAS can structure the
telephone reporting arrangement so that the operating cost is
kept to a minimum
in order to maximise the net saving per
accident.