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Reduced Insurance Premium with ISO 14001 or ISO 9001 Certification

G

gavinjordan

#1
Hi,

There are a large number of sites based in the UK that claim that ISO 9001 and/or 14001 certification can reduce insurance premiums, including one making the incredible sounding claim:


ISO 14001 ...[FONT=Arial,Arial][FONT=Arial,Arial]can ... lead to a substantial reduction in insurance premiums. A 50% reduction in insurance premiums is not unusual. [/FONT]
[/FONT]


However, I cant find any mention of insurance companies/brokers offering discounts. Does anyone know of a scheme that does provide premium reductions, or examples where companies have obtained a reduction?

Many thanks,

Gavin
 
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somashekar

Staff member
Super Moderator
#2
Insurance schemes are often tailor made and premium fit made to the assessment by the insurance company based on several factors. An ISO14k company could stand an advantage during the survey made to fit the premium. It is no guarantee for the insurance company though.

I would go ahead and say that no ISO14k could lead to higher premium fit, then the 14k being a premium reduction factor.
The insurance assessor and his analysis has the final standing.
 
K

kgott

#4
Its definitely worth a try because ISO 9001, OSHSA 18001 and 14001, correctly applied, are good risk management tools in themselves anyway.
 
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