CTC Europe
- Company name: CTC Europe
- Company size: 11 – 50 employees
- Industry: Freight and logistics
- Location(s): UK and Europe
About
CTC Europe is a logistics company that specialises in the handling and transportation of heavy industrial equipment and hi-tech electronic equipment.
The challenge
CTC were paying high premiums for their business and fleet insurance through another broker.
WillU were appointed to assess their insurance needs and see where they could make cost-savings.
Our solution
As well as brokering significant cost-savings on their business insurance, we also identified gaps in their previous shareholder protection, relevant life cover and critical illness cover.
At the same time, we also identified individuals in the business who would be suitable for a new PMI policy.
Commercial insurance
By getting under the skin of CTC’s business, we were able to put together a proposal for insurers that better represented their risk to obtain more competitive and, equally importantly, more robust terms.
FX
Whilst auditing the business for their commercial insurance, we noticed that, as an international company, they weren’t efficiently managing their international payments and exposure to foreign currency markets.
We were able to secure them a better exchange rate on their international payments and streamlined their payments process.
Protection
Our audit also identified large gaps in their previous shareholder protection, relevant life cover and critical illness cover for some of their key employees.
We worked with a number of insurers to ensure they had the right level of protection for affordable monthly premiums.
Health insurance
After our work in brokering their business protection, CTC entrusted us to identify key individuals in the business to include in a new private medical insurance scheme and go to market to broker the policy for them.
