The rate of speeding convictions in Britain is on the rise, and 1 million motorists are at risk of losing their license with one more offense. The growing numbers are the result of nearly 6,000 speed cameras in the country. In a sign of the times, insurance companies are now offering protection for people who have their licenses suspended for speeding. LicenceGuard is one of the first such services. It will reimburse motorists for travel costs each month for an entire year if they lose their license. “We designed the product in response to the ever-increasing speed traps which mean many motorists are now becoming victim to the reality that they could lose their licence from points totting up,� says Mark Priestman, product development manager at LicenceGuard. “A lot of people need transport to be able to work and would be placed under a lot of pressure if they could no longer get around with their car.�
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