Allaero’s commitment has always been to provide a reliable and competitive parts support service to the widest range of corporate and private aircraft owners and operators 24 hours a day, every day of the year. Their service extends beyond just stocking parts through to ‘one stop shop’ sourcing to inventory consignments.
As a family run business that is soon to be managed in its entirety by the 2nd generation of the family, the business has various Employee Benefits in place to help support a comprehensive total reward strategy to help attract and retain the best talent. These benefits include:
Although advisers to the business across all the above benefits, we were approached by Allaero in June 2021 to review another benefit that is in place for the Directors, namely a Group Private Medical Insurance policy. We were asked to review this policy to check the competitiveness of the existing insurer’s proposed renewal terms.
After being approached by Allaero to undertake this review only 2-3 weeks in advance of thew renewal date, we:
Based on the considerations raised in our meeting, Allaero confirmed they wished to work with us and for us to further investigate the areas raised and conduct a full market review for this policy.
Following our appointment, we:
It was a pleasure to undertake this work on behalf of Allaero and even more of a pleasure to use our expertise to reduce the proposed premiums from £23,000 per annum down to £14,500 per annum. A saving of £8,500 which in percentage terms is 37%.
Whilst any review cannot guarantee saving of these sorts of figures every time, it does show the benefit of a review being undertaken and the potential saving that can be made without changing the level of cover provided.
Wingate can provide a free, no obligation of any employer’s complete employee benefit offering. Further details about our review service are detailed in our short 2 minutes video which can be found here.
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