“GTA” stands for The General Terms Of Agreement, our name for the protocol of rates we independently provide to CHCs and insurers.
The GTA’s main intent is to reduce friction between insurers and CHCs, smoothing negotiations and reducing the need for litigation. Along with achieving this aim, the GTA has directly reduced transactional and frictional costs from their pre-GTA levels. By providing a framework for CHCs to provide replacement vehicles and to claim payment from insurers, the GTA streamlines processes and promotes early agreements on liability.
While the GTA is and will remain a voluntary agreement, membership is helping parties in both the insurance and credit hire sectors to reduce the amount of administration surrounding replacement vehicle cases, allowing for smoother, more transparent collaboration and improved outcomes across the board.