Premiums set to rise by 10%
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• Insurance premiums for commercial vehicles are expected to rise sharply over the next 12 months because insurance companies will have to foot the bill for treating road accident casualties.
Royal & SunAlliance (RSA), one of the main insurers of CVs, says cover for individual risks is expected to rise by about 10%.
The Government plans to raise the £3,999 limit that health trusts can claim from insurers for treating casualties and also make the process of claiming easier. Trusts say that the cast of pursuing a claim at present almost cancels out the value of the claim.
Karl Sinnott, spokesman for RSA Commercial, says cover for fleet risks will move "in the same direction" as individual rates but not at a uniform level.
We tend to cost fleet risks case-by-case to take into account the individual claims history of each commercial risk."
He adds that legislation to improve claims procedures for health trusts was one of several factors behind the rise.