PlanB brings big changes for both the insurance industry and panel beaters
PlanB now offers 0% labour rate/fees at preferred panel beaters. With more and more panel shops closing because they don’t have enough work PlanB has a value added benefit to its roadside product that will help panel shops be more sustainable.
The 0% labour rate may affect how insurers get to a write off value. Normally 55% of a repair quote goes to parts and 45% to labour. PlanBs offer will cut repair cost by between 40 to 50%.
How will insurers react??
PlanB job creation and sustainability or just profit driven.