There are so many ways to insure your vehicles, but for each car or van insurance, the terms and policy are different depending on the type, purpose and ownership. Choosing the right package for just one of your vehicles can seem confusing, so its no wonder it can seem a daunting task to insure a whole fleet of vehicles.
By insuring your entire fleet of vehicles in one package, you relieve yourself from a lot stress and hassle of having individual insurance policies for each vehicle. Make sure your claims are handled as efficiently as possible by having all vehicles covered under a fleet policy.
Insuring your fleet under one policy saves you all the burdens and headaches of trying to remember renewal dates. Try to imagine all the work that would go into making sure each individual vehicle was properly covered and having to keep track on when and where to renew each insurance policy. If you have more than just a few vehicles, those administration hours stack up fast, time which could be spent running your business.
Fleet policies removes all this time and responsibility from the business and vehicle owners. The premium paid is calculated over the number, condition, age, type of vehicle and the mileage that can be foreseen for the entire fleet. The policies vary across insurance companies, but the basics are generally similar.
The premium will also depend on the history of claims made, but it is possible for high risk driver to get cover through this kind of insurance as the overall risk calculated for the package is determined by an accumulation of factors. Fleet insurance can be a way to cut costs on otherwise expensive individual insurance for your drivers.
In addition to insuring your fleet it is a good idea to have additional insurance for your drivers. Employers Liability insurance provides cover for your employees. The insurance for your fleet carries a limited liability, which is reflected in the other benefits had by this type of insurance. If additional cover is required it may be possible to have them included as optional extras.
If you are carrying goods as part of your primary income, you should look into getting additional coverage, such as courier insurance if you are in the courier business. Or have Goods In Transit added to the policy. Protection against theft, fire are not included in the first level of insurance cover. You will need to have a policy which includes these as standard. Breakdowns, accidents or incidents which could severely hurt your ability to do business should be covered by a comprehensive policy, as such you must consider the flat fee paid for your fleet versus the your needs for other levels of cover which are considered by many insurance companies as optional extras.
Having responsibility for an entire fleet of vehicles in your business represents both unique benefits and challenges. Insuring your vehicles with a fleet insurance policy gives you much needed time to focus on what is important, running your business.
Author Resource:-
Staveley Head are a leading UK insurance broker for
fleet insurance
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