Case study: End-to-end fleet and risk management
Our client required an end-to-end solution for the business’ transport and fleet management requirements.
Challenges
- Our transport business client was concerned about the risks involved in transporting goods from the port to the rest of the country, such as theft and mishandling
- The client had also experienced increased costs due to fraudulent transactions when paying for fuel with cash
- Our client also needed to import specific trucks for use within the business from overseas
Solutions
- Our consultants conducted a needs analysis to understand the amount and types of cover required by our client
- We provided a competitive quotation and advice on the best cover for our client’s business
- Our consultants assessed whether our client required insurance to cover the business only up until goods arrived at port, or also for the additional transit-leg to a warehouse
- A fleet management card provided our client with a safe and convenient way to pay for fuel, oil, services, repairs, tyres and toll fees
- Increased security is provided to protect against any possible fraudulent transactions
- We provided an Interim agreement to assist our client in importing assets
- Periodic draw-downs were made as agreed upon, while the asset was being shipped
- The agreement was then converted to a regular VAF agreement (instalment sale or financial lease) when the goods arrived and were assembled for use