Value for money

How do you measure value for money?

It could be:

• a return on your investment;

• increased turnover and/or profit;

• value for the protection your purchase provides or;

• value compared to alternative products and services available to you.

If you are deciding whether to purchase Target 100, we want it to be right for you and your company.

We also want you to know that, as our flagship product, we value Target 100, as do a number of major insurers in the UK and, of course, our existing customers. We are constantly striving to improve its capabilities, whether through our own innovation or customer and business partner input to ensure it continues to provide true value.

One of our measures of its value is that well over 90% of our customers renew their contracts with us every year.

We have attached a number of case studies, where we have helped various companies to 'run their business' and address key business concerns such as legal or contract compliance, reduction or prevention of accidents, corporate governance or controlling insurance costs.

Here are some considerations which may help you to determine whether Target 100 represents value for money:

• Does any other system provide the same coverage as Target 100?

• Does this system achieve nationally recognised standards (HSG 65 and OHSAS18001)?

• The average cost of an Employers’ Liability claim is now approximately £8000 (source Association of British Insurers 2001 results), so stopping one accident could, in many cases, enable the system to pay for itself.

• For every £1 of insured premium, costs caused by injury, ill health or damage represent between £8 and £36 of uninsured costs (such as product damage and legal costs) that have to be borne by the company (source HSE).

• Possible fines for each HSE offence are now £20000 and there is also the prospect of jail sentences for directors of up to six months (for breaches of the Health and Safety at Work Act when tried in a Magistrates Court).

• Investigate the potential for insurance premium savings following the introduction of Target 100. Many of our customers have been able to contain or even reduce insurance spend.

We are always happy to provide references from happy customers who are already reaping the benefits of Target 100 and our consultancy services.

Should you require any additional information, please speak to one of our advisors, who will be happy to provide assistance.