Author Topic: Bca insurance  (Read 208 times)

Offline cavemanmike

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Bca insurance
« on: Today at 07:10:21 pm »
What are people's thought on this idea.
Seeing as we are all doing less caving these days, how about the bca negotiating a reduction on the premium.
I think it would go a long way.
Opinions please

Offline Ian Adams

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Re: Bca insurance
« Reply #1 on: Today at 07:32:36 pm »
Some (most?) Car Insurers refunded part of the premiums we (motorists) paid this year because of the reduced travel during the first "lockdown".

I imagine it was more based on business strategy and marketing (rather thank it just being a nice gesture) but .....

Good idea  ;D

Ian
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Online PeteHall

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Re: BCA insurance
« Reply #2 on: Today at 08:37:12 pm »
I think the discount my car insurance providers offered me would equate to about £2 on a £200 policy.

By the same reckoning, that would be an 8p discount (for each member) on an £8 BCA policy. Since the BCA buys the policy, not the members, the BCA might get a reasonable refund (circa £500 perhaps?), but trying top administer the redistribution of this to 6,000 members would be a monumental task, far outweighing the 8p benefit each member would receive. If the BCA kept the refund, not doubt there would be calls of foul play from some members.

Nice idea, but hardly seems worth it...
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Offline Chocolate fireguard

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Re: Bca insurance
« Reply #3 on: Today at 08:38:03 pm »
Good idea.
BCA is desperate for cash, and its officers desperate for something to do to justify their money.



Online mikem

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Re: Bca insurance
« Reply #4 on: Today at 08:39:14 pm »
& we'd probably just end up paying more next year to make up for it!

Online PeteHall

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Re: Bca insurance
« Reply #5 on: Today at 08:51:53 pm »
BCA is desperate for cash
Really? or was that meant as a sarcastic comment?   :doubt:

Quote
The end result was a surplus of £8k compared with £19k in 2018. Cash balances were £16k
higher at year end compared to previously year at £298k. Accruals were at a similar value to
prior year at £36k. Net assets were £262k, compared to £254k prior year.
https://british-caving.org.uk/documents/agm-reports-2020/
The distance between stupidity and genius is measured only by success.

Offline pwhole

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Re: Bca insurance
« Reply #6 on: Today at 09:06:41 pm »
I spend more annually on chocolate flapjacks before a caving trip than I do on the insurance, and I'm hardly wealthy. Negotiating a discount on something that's already dirt-cheap doesn't seem a good look to me. And given it's to protect others from paying for our mistakes, and indirectly pay for our rescuers, should we need them, I think it's a question of honour as much as anything else. We haven't had any club members asking for a subs or insurance refund, despite their reduced benefits this year, as I suspect everyone knows this is beyond fault, and keeping the organisation going is more important - as long as folks can afford it, of course.

Offline Ian Ball

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Re: Bca insurance
« Reply #7 on: Today at 09:30:14 pm »
Although I am not interested in doing then0 work, wouldn't you have to show a quantifiable reduction in the caving carried out under BCA membership compared to when the policy was signed?


Offline Chocolate fireguard

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Re: Bca insurance
« Reply #8 on: Today at 09:34:16 pm »
BCA is desperate for cash
Really? or was that meant as a sarcastic comment?   :doubt:

Quote
The end result was a surplus of £8k compared with £19k in 2018. Cash balances were £16k
higher at year end compared to previously year at £298k. Accruals were at a similar value to
prior year at £36k. Net assets were £262k, compared to £254k prior year.
https://british-caving.org.uk/documents/agm-reports-2020/
Thanks for the info. I hate to admit it, but I do read the accounts.

Please don't ask if I really believe people get paid.

Offline ZombieCake

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Re: Bca insurance
« Reply #9 on: Today at 09:40:28 pm »
Might be worth letting sleeping dogs lie on insurance.
Might be better getting a BCA discount on the previously mentioned large scale investments in chocolate flapjacks, or donuts (jam variety), or maybe Black Forest Gateau (cherries have known health benefits).

Online Fulk

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Re: Bca insurance
« Reply #10 on: Today at 10:29:08 pm »
Quote
I think it would go a long way.

A long way to what, exactly? The BCA premium is pretty paltry, anyway, so I don't know what 'a long way' of a low premium would go towards.


Online JoshW

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Re: Bca insurance
« Reply #11 on: Today at 10:38:36 pm »
I can only assume this is a troll?

 

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