'PRANCE
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IIERAL STEPS BACK
The no-claim bonus
!me is an integral part of motor insurance scene.
for commercial vehicles it ly during the past few 's that bonuses have been eased to levels ap iching those offered for ate cars.
i late 1984, Norwich on (0603 622200) improved
;oods vehicle package in ince cover by introducing a • no-claim bonus scale: applied after one claimyear, rising by 10% a to a maximum of 50% r four clear years. A ier attraction came forth in , in the event of a claim, two years' entitlement Id be lost — in other ds 50% reverts to 30%, 40% to 20%. This is wn as 'step-back'.
or any extra vehicle added n existing policy, Norwich m gives an introductory ount of 15%. This is delent on the main user of vehicle being over 24, an accident-free and Action-free driving record 7 the past 12 months. Luting this month, Gen!Accident (01-606 1030) so applying the step-back
principle to goods vehicles. The company's current noclaim bonus scale gives 109/ after one year and goes to a maximum of 40% after four years, rising 10% for each year free of claim. Thus a haulier with General Accident on 40% returns to 20%, and one on 30% reverts to 10%.
More than one claim in any one period does, of course, mean that any bonus earned by an operator goes back to nil.