The Motor Sports Association (MSA) will distribute its largest-ever insurance rebate of £472,000 to MSA event-organising clubs, to help boost their finances ahead of the 2018 season.
All event-organising clubs collect ‘per capita’ insurance fees from competitors and provide this to the MSA to cover the costs of insurance programmes. The MSA works hard to obtain the best possible insurance arrangements, and at the same time through careful risk management aims to produce a surplus over costs to make a rebate to the clubs.
The £472,000 represents 100% of the surplus from all insurance fees collected throughout the year.
Alan Gow, MSA Chairman, said: “I’m very proud that the MSA, through very prudent financial and insurance management, are able to provide this largest-ever rebate to our clubs. These funds will be in their bank accounts by the end of the year, thus providing them with some important and often-needed cash-flow particularly during the ‘off-season’. It is yet further demonstration of the MSA’s real commitment in looking after our clubs, who are the very foundation of our sport.”
Rob Jones, MSA Chief Executive, added: “Careful management of risk means that the MSA Board has been able to agree a very substantial six-figure rebate to our event-organising clubs, who are the bedrock of UK motor sport. Through a strong partnership of organising clubs, competitors, volunteers and the MSA we have achieved the best possible insurance position in 2017 and I am delighted that we can reward our partners commitment to safety and risk management in such a significant way.”
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