Top 30 technology claim savings in 2022 Header Image

Top 30 technology claim savings in 2022

Accreditation Agricultural apple Assess & Inspect AV Average fee Average savings Benefits Best validation reference point Beyond all reasonable doubt Care Catastrophic event CATS trade status Claim Lifecycle Claims handlers Claim spend savings Commercial technology Comparable sale quotes Computer Equipment cost Covid-19 Customer Satisfaction Damage Dedicated Consultant Diggers Drones Dual instruction Easy Easy to reach Efficient Electrical damage Empathy Engineers EPOS Exceed expectations Experience Fire Flood Fraud Fridge Good service Great service High Net Worth Incumbent Suppliers Informative Installation insurance Insurance Insurance companies Insurance fraud iphone iPhone iphone 15 iPhone 15 Knowledgeable KPI Laptops Lawn Mower Lift Looking after policyholders Macbook Major & Complex loss Manufacturer Relationship Microsoft Milling Machine Minimising Claim Spend Minimising stress Negotiation No more comparable sale prices Obscure Technology Obsolete technology Old technology Overspend Pandemic PCs phones Photocopier policyholder Policyholder Positioning Cats Positive Claims journey Positive feedback Positive Outcomes Pre-incident condition Printing Professional Project management Projector Questions Quick Quotes Recommended Recovering files Reducing Cost Repair repairs Replacement Retail Retrieval Reviews Samsung Savings Servers Service Value Settlement Speakers Speed Storm Sunbeds Surveying Equipment Swiftness Sympathy Taking ownership Technology Technology Claims Time Time Saving Training TV Types of Fraud Updated Validation Visual Equipment Vulnerable Why CATS Workshop
Product/s involved Amount being claimed Validated costs  Saving on claims spend  % Saving Comments
           
Servers & Networking Equipment 

£2,460,472.00 £1,958,539.75 £501,932.25 20% Saving against insured's incumbent supplier pricing

CNC Milling Machine
 
£200,000 £26,970.27 £173,029.73 87% Saving based on repair v replacement

AGFA platesetter & Epson Printer

£96,600 £11,601 £84,999.00 88% Saving based on repair v replacement
6 x Sunbeds £102,000 £29,000 £73,000 72% Saving based on repair v replacement

Computer Equipment inc servers

£95,593.46 £27,943.31 £67,650.15 71% Repair v Replacement on smoke damaged equipment 

Powerscreen Chieftain inclined screens

£86,000 £18,604.78 £67,395.22 78% repair cost savings v replacement

Star Lathe

£126,000 £65,000 £61,000 48% repair cost savings v replacement

Fish Fryer

£65,000 £54,210 £10,790 83% repair cost savings v replacement
2 x Diggers £63,100 £3,379.56 £59,720.44 95% malicious damage - repair v replacement savings

Camera Lens

£63,158.98 £13,900 £49,258.98 78% repair cost savings v replacement

Lift / Elevator

£90,000 £30,000 £60,000 67% repair cost savings v replacement

Key cutting and engraving machine 

£74,964.88 £23,089.02 £51,875.86 69% replacement cost savings v incumbent supplier

Display Fridge

£56,000 £14,478 £41,522 74% replacement cost savings v incumbent supplier

Xerox Copiers

£187,069.82 £145,914 £41,155.82 22% Replacement savings v incumbent supplier

Robotic Arm

£47,719.99 £7,460.64 £42,259.35 84% repair cost savings v replacement

Football Floodlights

£45,000 £9,782 £35,218 78% repair cost savings v replacement

Laser Scanner

£39,210 £4,586.88 £34623.12 88% repair cost savings v replacement

Equine X-ray

£32,000 £0.00 £32,000 100% wear and tear, no insured peril

Barco Projector 

£35,000 £3,750 £31,250 89% repair cost savings v replacement
Telephone System £75,633.92 £45,153 £30,480.92 40% Replacement savings v incumbent supplier

Laser Hair Removal machine

£120,000 £89,900 £30,100 25% Replacement savings v incumbent supplier

John Deere Mower

£49,989 £19,995.60 £29,933.40 60% Savings based on indemnity costs

Kobelco Excavator

£59,500 £29,750 £29,750 50% Savings based on indemnity costs

Cryosauna

£33,000 £3,600 £29,400 89% repair cost savings v replacement

Olympus Microscope

£36,465 £8,322.99 £28,142.01 77% Replacement savings v incumbent supplier

Laundry Press Machines

£31,500 £3,750 £27,750 88% repair cost savings v replacement

Cherry Picker

£31,300 £4,304.55 £26,995.45 86% repair cost savings v replacement

High end Audio Speakers

£25,000 £0.00 £25,000 100% wear and tear, no insured peril

Rack Mount Servers

£65,332.52 £41,683.49 £23,649.03 36% Replacement savings v incumbent supplier

Laptop, iPad & CAD Software

£22,215 £778.99 £21,436.01 96% Replacement savings v incumbent supplier. Software can be reloaded, no need to replace

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