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Posted on 6th August 2018
Whether your business owns two vehicles or multiple, it can be extremely time consuming and expensive to manage a fleet of vehicles. Certainly one of your biggest expenses in running a fleet of vehicles is insurance, and arranging cover for multiple vehicles at different times throughout the year can become a full-time job. Meet Fleet Insurance, a policy that will make your life in fleet management that little bit easier.
Essentially, it’s one policy from a single insurer that covers multiple vehicles and drivers. There’s no limit to the amount of vehicles that the policy can cover however, you certainly will need a minimum of two. It’s important to note though, the majority of insurers require a minimum of three vehicles. Your fleet can be worth millions to a few thousand pounds, it makes sound business-sense to take out a fleet insurance policy as you’ll remove the time in managing multiple policies and you can be safe in the knowledge that you will not have to worry if the person driving is a named driver on your policy.
Generally most businesses will be covered with standard fleet insurance, however there are exceptions and this list is not exhaustive.
Ultimately, it’s important you discuss your needs with a specialist insurance broker to ensure you receive the right cover.
Alterations can be easily made to your policy so don’t forget to keep your fleet insurance provider up-to-date with new vehicles or drivers. In addition, whilst fleet insurance may prove cheaper and will add convenience, it’s still important to reduce risk as much as possible. For example, when purchasing vehicles for business-use, consider vehicles that are not excessive (i.e. sports-related) and look to add things like alarms and immobilisers, vehicle trackers, camera’s, etc.
We’re an insurance broker with over 25 years’ experience, so we’ll do all the hard work for you by giving you a call before your renewal date, then we will search the market to find you a great deal.