RIBS identified gaps in coverage, exposing the Directors personally to financial loss. RIBS enhanced the policy and achieved a 30% saving in premium.
Mining ContractorRIBS redesigned and replaced the client’s insurance programme saving 20% in premium. This saving enabled the client to purchase an additional policy that RIBS had identified as a critical coverage gap. The additional policy was called upon 18 months later and paid a $250,000 claim.
Construction ContractorThe client was faced with an escalating WA Workers Compensation bill. RIBS managed the client’s workers compensation claims and achieved a 30% premium saving.
Property Investment / SyndicationEach property and investment trust was separately insured (different coverage, premium and expiry dates). RIBS redesigned and replaced the client’s insurance programme, providing uniform coverage across each asset and saved 40% in premium. The client now has one expiry date and has significantly less administration.
Civil Engineering CompanyRIBS redesigned and replaced the client’s insurance programme, to match their contractual obligations. We covered our client’s critical gaps and saved 20% in premium.