This is a small niche but highly skilled locomotive and rolling stock maintenance business with own premises and maintenance teams.
It works with various FOCs (mainly) to upgrade and maintain rolling stock for work on the main line and sometimes for heritage railways. They also owned some locomotives which are hired on long term and spot leases thus they act as a small ROSCO. We found that their insurance had not been reviewed properly for some years and that their activities were not properly insured.
Their Employers and Public/Product Liability insurance were on the wrong basis and the insurers thought that all leased engines were fully operational when they are not, as many are in for long term refurbishment. They were not insured for liability rising from passenger train use of the engines also.
Jobson James Rail identified these gaps in cover, wrote a broking presentation about their business in detail and represented them to insurers to negotiate a 40% reduction in Liability premiums.
We also produced competitive terms to insure the workshop and agreed a specific basis of settlement on their older rolling stock.