How to effectively administer your Company’s Corporate Motor Insurance Scheme

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MOTOR INSURANCE
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How to effectively administer your Companys
Corporate Motor Insurance Scheme
When you are not primarily an insurance company,
administering a corporate motor insurance scheme
can be a very serious challenge. This becomes
even harder if you have a large fleet of company
cars, in addition to a staff motor insurance
scheme mediated by the company. Insurance,
especially when handling claims, can be such a
hustle for someone who is primarily in
Administration, Finance, Procurement, or HR,
depending on the company. We have prepare a small
cheat sheet that can help you to take charge of
your companys motor Insurance Scheme and give
you that satisfaction of being on top of things
Here is the list
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The number one cause of stress for employees who
manage motor vehicle insurance issues is lack of
clarity on who is in charge of what. The process
of coordinating motor insurance concerns usually
involves at least all the departments we listed
above, and depending on the organization, the
person who is in charge may be in any one these
departments. If you are involved in the process
but it is unclear who exactly is in charge, then
you have two options. First, you can decide to
seek clarity from your boss as to where the buck
stops when it comes to the companys motor
insurance scheme. If your boss doesnt know, you
may be in trouble, but work towards clarifying
who is in charge of it. The second option is to
take charge
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Secondly, draw a process map that shows how each
process should be handled. If you are not into
maps, you can use a list showing all steps each
case goes thorough before it is resolved. Process
maps (or their equivalent) can help you
to Figure out what needs to happen at every
stage and are a good way of measuring your
progress down the line. The only predictable
thing when it comes to insurance is when you need
to pay your premiums. You can never plan when to
make claims because they result from accidental
events. A process map will make you ready to
handle any unforeseen situation with clarity, and
without the need to figure out everything each
time something happens.
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The beauty of everything in insurance is that the
processes used by insurance companies are very
well mapped out. It is possible to develop
checklists to help you handle every claims
process, or every motor insurance procurement
process. Checklists will help you to be certain
that you have done everything required, and you
will not need to spend time thinking through
every process you need handle. For instance,
you may have all the documents needed to file an
application for motor insurance cover committed
to memory. If you do not translate that to a
checklist, you may miss one of the important
documents simply because you have no method of
verifying that you have filed all documents. Then
again, since you dont fill these forms on a
daily basis, it is easy to forget a small detail
in the forms. A checklist will eliminate all the
stress you may experience in such situations.
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If you are charged with procuring insurance for
new employees, you will benefit a lot from
productivity tools that make it easier for you to
get the job done. For instance, you can easily
get insurance quotes from several insurance
companies in Kenya by simply filling the auto
insurance quote. The form will make it possible
for you to compare quotes in real time, and will
make it easy to submit your contact details to an
insurance company of your choice. From then on,
the motor insurance company will get in touch
with you to process your application. Using such
productivity tools can drastically ease the
entire work of administering your companys motor
insurance scheme.
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