INSURANCE PREMIUM REDUCTIONS DURING COVID

INSURANCE PREMIUM REDUCTIONS DURING COVID

During these trying and changing times with COVID-19, there has been a substantial fiancial stress of member groups.

Insurance is quite often the single biggest item of expenditure.

Several groups have advised us of a substantial reduction in premiums when they have asked for assistance from their insurers. Some groups have got over 50% reduction based on them not having an income and also the substantial reduction in risk due to no or minimal operations.

ATHRA strongly encourages each member railway to make contact with their insurers and request a reduction in premiums due to financial hardship during COVID-19.

ATHRA is anable to do this on members behalf due to the Privacy Laws. Each member will need to plead their own case. Remember this could be quite a saving for you.

Paul Rollason – Deputy Chair and Insurance coordinator