The features of Commercial Fleet Insurance Article

The features of Commercial Fleet Insurance

The stereotypical white van driver can be seen on pretty much every road in Britain at one time or another. On motorways, you only have to look to the left or the right to see some sort of trade vehicle. The mass amount of both trade and personal motors on the roads today does mean that the amount of insurance claims made per year is quite high. Therefore, it is highly important that correct insurance cover is obtained for all vehicles on the road.

Those who run businesses that involve a lot of vehicles, such as delivery companies, will need to ensure they have some sort of commercial fleet insurance cover. It is a legal requirement for any vehicle on the road to have insurance cover. Commercial fleet insurance is a specialist type of cover that covers multiple vehicles under one policy, therefore perfect for those have a multitude of motors used as part of the company's business.

The cover will be assigned to the business and covers a specified number of vehicles. There is usually a minimum in the amount of motors that can be covered by commercial fleet insurance; most companies will not go below 5 and some even require 12 motors to be covered before they will offer a quote. However, some insurance companies will offer fleet insurance to as little as 2 vehicles, although this is not as common. Most companies will offer insurance for both cars and vans, or a mixture of the two.

There are various factors to take into consideration when looking to buy commercial fleet insurance. If there are drivers to be included on the policy that have previous bad insurance history (i.e. previous claims or convictions), this may push the premium up higher than it would be if they were not to be included on the policy. The age of the drivers is also factored in; younger drivers are seen to pose a higher risk of a crash and therefore this could cause the cost to rise. The value and age of the vehicles will also need to be given, as these may have a bearing on the total cost of the cover.

Additionally, various covers will be available. These are: Comprehensive, Third Party Fire and Theft and Third Party Only. The cost will vary depending on which level of cover is desired. Some insurance companies will also offer dedicated rates for various types of company, such as couriers and hauliers.

The types of vehicle than can be covered by commercial fleet insurance include tippers, busses, cars, vans and coaches. Different vehicles will pose different risks, i.e. a bus will be at greater risk of tipping over in high winds than a car, so this may affect the cost of the cover.

There will also be optional extras that can be included at a cost to a policy. These will include options such as:

• 24 hour claims assistance
• Breakdown and recovery
• Replacement vehicles in the event of a claim
• No claims discounts
• Medical expenses cover

It is very important that a company has the best possible fleet insurance on their vehicles, as if there a claim to be made, the insurance will need to cover all eventualities.

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