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Feb. 18, 2004
SGI REWARDS SASKATCHEWAN BUSINESSES
Saskatchewan businesses that own and operate motor vehicles will
soon be rewarded for their safe driving with insurance discounts
under SGI’s Business Recognition program, being implemented
May 1st.
During the first 12 months of this program, SGI will put back
$2.8 million into the pockets of 70,000 Saskatchewan business owners.
"More than 96 per cent of eligible Saskatchewan businesses
will receive a discount on their vehicle insurance," said Minister
Responsible for SGI Mark Wartman. "Business Recognition builds
on the success of SGI’s Safe Driver Recognition program."
Businesses will be eligible for a maximum discount of five per
cent on their vehicle insurance premiums. However, like Safe Driver
Recognition, companies responsible for claims may not receive a
discount and may have to pay a financial penalty. The revenue collected
in financial penalties will help offset the cost of providing discounts.
The majority of businesses in Saskatchewan have small fleets with
three or fewer vehicles. Business Recognition is designed to reward
all business owners, not just those with large vehicle fleets. Designing
a program that was fair to both small and large businesses was challenging
and took some time to complete.
The small size of most business vehicle fleets also means most
businesses have low premiums, and the discounts per vehicle are
correspondingly modest ranging from a low of $10 to a high of $216.
The program is a starting point that ensures businesses with few
claims pay a little less.
"Business customers have been asking for a discount on vehicle
insurance, and we're pleased to provide those discounts with increases
over time as SGI can afford to do so," Wartman said. "This
program is part of keeping Saskatchewan’s auto insurance rates
among the lowest in the country."
For more information about Business Recognition, please visit
SGI's web site at www.sgi.sk.ca
For media inquiries only, contact:
Julianne Jack
SGI Communications - Regina
(306) 775-6907
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