Thursday 26 November, 2020

Transport group, BCIC sign MOU for sustainable insurance coverage

Egerton Newman, president of the Transport Operators Development Sustainable Services (TODSS) (third left) signs a Memorandum of Understanding with the British Caribbean Insurance Company represented by BCIC’s General Manager- Insurance Solutions, Michelle Anderson (second left). Also pictured are representatives of BCIC and TODSS.

Egerton Newman, president of the Transport Operators Development Sustainable Services (TODSS) (third left) signs a Memorandum of Understanding with the British Caribbean Insurance Company represented by BCIC’s General Manager- Insurance Solutions, Michelle Anderson (second left). Also pictured are representatives of BCIC and TODSS.

The British Caribbean Insurance Company (BCIC) and the Transport Operators Development Sustainable Service (TODSS) have signed a memorandum of understanding (MOU) to formalise a partnership for public transport operators to benefit from sustainable and affordable insurance coverage amid the coronavirus pandemic. 

Under the agreement, which runs for a year, PPV operators will enjoy up to 60 per cent discount for safe driving; up to 11 months to pay their insurance premium and personal accident and medical expense benefits among others, when they insure with BCIC.

BCIC’s General Manager for Insurance Solutions, Michelle Anderson and President of TODSS Egerton Newman signed the MOU on Wednesday (November 11). 

The insurance company, in a press release, noted that with the implementation of curfew and other measures by the Government of Jamaica to stem the spread of COVID-19, the livelihood of many public transport operators have been impacted.

“At BCIC we understand the challenges that persons have been facing as a result of the COVID pandemic, especially our taxi and minibus operators. After conducting a market review, we saw where COVID has put a lot of pressure on our PPV customers, so we are happy to be able to partner with TODSS, Anderson commented. 


For his part, Newman stated, “TODDS welcomes any support and is especially grateful that BCIC has come on board as it has been a difficult time for public transport operators. I am positive that our members will benefit from this package. I encourage all our operators to come on board and be a part of this initiative.” 

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