Veritas Simplex endorses the inclusion of equipment maintenance managment in self-insured & captive portfolios
With a low capital investment expectation for a high frequency, low severity, short term liability risk, it provides the benefit of a favorable loss ratio to the overall portfolio and savings to the participating entities.
Keeping in mind that the inherent risk is being taken by your organization, your self-insured or captive equipment maintenance management portfolio must be selected, underwritten, and managed with great care and industry knowledge.
This is a significant responsibility and the Veritas Simplex team has that level of expertise and experience required to be successful. We are the sole firm who specializes in equipment maintenance management working as unbiased, vendor-neutral client advocates and educators.
Equipment maintenance can be a healthy addition to a self-insured or captive portfolio