The problem with incumbent suppliers Header Image

The problem with incumbent suppliers

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When businesses have to make a claim they often naturally turn to their own suppliers to provide them with advice and pricing to replace their damaged equipment. Those suppliers are expected to provide fair and reasonable pricing as well as true like-for-like equivalents to the technology equipment that has been lost or damaged.
At CATS we recognise a massive potential leakage in spend when we validate quotations from these incumbent suppliers because they have suggested replacement that is neither like for like or reasonably priced. Many incumbent suppliers see their customer’s misfortune as a sales opportunity, and may recommend goods representing a substantial betterment in the equipment or pricing.

We use the fixed trade price as an ultimate point of reference for replacement goods, and work on the principle that insurers should expect to pay no more than trade price, plus a 10% margin. With our industry contacts, we can ensure that you know you are paying the right price, for the right product, every single time. 

If you want to make sure you avoid leakage in claim spend then contact the CATS claim team today with your instruction. 

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