Fleet News

Telematics pays for itself

CATERING manufacturer Hopkins has earned a rebate on its insurance premium after installing a telematics system.

After fitting the Masternaut tracking system to its fleet of cars, van and trucks, Hopkins earned a £1,800 rebate on its annual vehicle premium from Norwich Union. Hopkins makes, supplies and installs a range of equipment for fish and chip shops, restaurants, hotels and schools.

The firm’s managing director, Chris Hopkins, said ‘Even before the agreement with Norwich Union, the benefits provided by Masternaut delivered a return on our investment.

‘The additional rewards we have received, including the insurance premium rebate of £1,800, means that the service effectively pays for itself.’

Norwich Union offers a specific fleet telematics product that rewards fleet operators who invest in an approved telematics device, such as Masternaut.

The firm presents a monthly activity report directly to Norwich Union, which provides data such as the number of journeys made, mileage, speed, duration and type of road.

Using this information, Norwich Union calculates an annual rebate that can be up to 16% of the premium.

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