ENGINEERING and industrial services group Delta plc has cut 40% from its insurance bill by switching its 680-strong car fleet from fully comprehensive cover to a self-insured basis. The company has calculated it is saving £190,000 a year through this insurance arrangement, paying for all its own-fault and own-liability damage risks, and only buying third party, fire and theft cover at a cost of £222,712.

Over a 12-month period Delta suffered 171 incidents where its cars needed repair - roughly a quarter of the fleet - and seven were written-off due either to bad accidents or theft. The full cost of the repairs was £77,676, and more than £50,000 of this was recoverable from third parties.

In total, Delta spent £280,015 on repairs and third party insurance cover, compared to a forecast £470,000 had it opted for fully comprehensive insurance with a £1,000 policy excess. The company uses ACL's accident management facilities to administer both repairs and cost control procedures, taking advantage of ACL's network of 200 repairers and its unlimited guarantee on work.