Motor fleet insurance provides insurance cover for a fleet or group of vehicles under one policy. There are many insurance companies who offer fleet insurance cover at very competitive rates.
With the premiums being assessed on the actual costs in claims there is no need to worry about no claims discount for individual drivers.
With rising costs of insurance there are an estimated one in twenty drivers who chose to ignore the law and drive uninsured vehicles on the UK roads.
In an attempt to reduce the number of uninsured vehicles on the UKs highways all insurance companies must provide details of your motor vehicle insurance to the Motor Insurance Database (MID).
The Motor Insurance Database was setup by insurance companies to help combat the crime of people driving without the appropriate insurance cover or no insurance at all.
The MID is used by police to help deter people from not insuring their vehicles. Insurance companies have responsibility for putting details of new or changes of private insurance onto the MID within seven days. However, if you have a fleet insurance policy it is the responsibility of the policy holder to ensure that the company vehicle's insurance details are provided for MID. If you are in any doubt as to whether MID is your responsibility speak with your motor fleet insurance company.
Drivers of fleet vehicles may be wise to check with the policy holder that the vehicle insurance details have been added to the MID to save any inconvenience should they be stopped by the police.
Should you have motor vehicles which are never used on the public highways it is not necessary to enter the details on the MID, however some insurance companies will require these vehicles to be disclosed to them, especially if you have a 'blanket cover' type of fleet motor insurance.
Advantages of having motor fleet insurance;
1. Making life easier - There is only one policy and one renewal date to remember annually.
2. Payment options - If you chose to pay by monthly instalments, this is optional with most insurance companies, there will only be one direct debit payment each month.
3. Driver flexibility - Flexibility as to who can drive the vehicles. Many insurance companies offer discounts for drivers over 25 years old.
4. Flexible vehicle insurance options - Different insurance options such as Third Party, Third Party Fire and Theft and Comprehensive. depending on the type of motor vehicles being driven.
5. Optional extras - Additional optional extras such as breakdown recovery, legal expense cover and mis-fuelling.
6. Foreign travel - Insurance cover for driving on the continent.
7. Personal accident benefits - Some insurance companies offer this with their comprehensive policies, or as an optional extra.
8. Trailers and attachments - roadworthy trailers and attachments can be included on the motor fleet insurance policy.
9. New business ventures - Many motor fleet insurance companies welcome new ventures and offer some very competitive insurance rates.
The insurance companies or brokers appreciate that having the right motor fleet insurance policy to suit differing needs is an essential part of any business, therefore many have dedicated specialist consultants and account handlers to help and advise you.
Author Resource:-
Paul Headley is a specialist insurance article writer. Staveley Head are a leading UK insurance broker for
fleet insurance
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