Many companies own valuable heavy equipment, machinery and moving assets. Insuring these is not only wise, but often mandatory by law.
Insurance companies want to offer their clients the best possible policy based on coverage and/or costs. The better the insurance company understands a clients’ business, risks and usage, the better their offer can be.
Creating a safer work environment reduces the number of claims an insurer receives and can directly benefit the customers’ premium on the insurance policy. Using Key2Asset it is easy to manage authorization to the usage of certain assets and this reduces risks. Safety can be increased by simply, for example, only allowing authorised / trained personnel to unlock and operate a specific machine for a set period of time and carefully monitoring driver behaviour.
Every time an (insured) asset is stolen it will have an impact on the premium. It is therefore wise to protect machines by tracking them. Knowing where they are at any time is very important. With our Key2Asset unit, alarm ‘triggers’ can be activated based on certain behaviour or location. Leaving the premisses could immediately trigger an alarm for example.Read More
Having this specific usage data will benefit the owner in getting a better price once they decide to sell the machine.