43096
On Moderation
- Joined
- 23 Nov 2015
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- 18,856
Correct. Basically the ROSCOs won't lease to you unless you have insurance. Remember the TOCs do not have hefty balance sheets to support "self insurance" and it is too much risk for the ROSCOs to assume they do.For road vehicles BR was self-insured but I think on privatisation most of the new businesses took out conventional insurance, presumably because they were smaller and less able to stand a big loss, or they ran so few vehicles it wasn't worth getting a special arrangement set up.