Unraveling the Mystery of Motor Fleet Insurance!
Finding the right Motor Fleet Insurance for your business can be a daunting task. Despite popular opinion there are various levels of cover you can request from your Insurance. Your Insurance needs to provide the right cover for your vehicles as well
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Finding the right Motor Fleet Insurance for your business can be a daunting task. Despite popular opinion there are various levels of cover you can request from your Insurance. Your Insurance needs to provide the right cover for your vehicles as well as your drivers. There are three levels of cover you can choose from:
- Comprehensive
- Third Party Fire & Theft
- Third Party Only
Some insurance companies will also allow you to have varied cover on your fleet insurance policy.
In addition to this cover you can also be offered certain extensions to your insurance policy which may include:
- Windscreen cover
- Breakdown Cover
- Courtesy cars
- Legal Expenses Insurance
You need to give careful consideration as to who will drive your vehicles as the higher the age restriction the larger the discount you will receive from your insurance company. Some of the more common restrictions you can opt for are:
- Any Licensed Driver Over 30
- Any Licensed Driver Over 25
- Any Licensed Driver Over 21
In addition, if you have particularly sporty or expensive cars to be covered by your insurance you may wish to voluntarily restrict the driving age just for these vehicles. This is to demonstrate that you are not going to let your 18 year old apprentice drive your Porsche!
Finally your insurance broker will need to know the type of use for your motor fleet insurance. Examples of these are as follows:
- Haulage
- Carriage of Own Goods
- Private and / or Public Hire
- Social Domestic & Pleasure use only (SD&P)
- SD& P and Business Use
- Carriage of hazardous Goods
- Airport Side Use Extension
Hopefully reading this has made you more aware of the varying cover an insurance policy can offer you and your business. If you need assistance sorting out this information or would like to discuss more about motor fleet insurance please contact http://www.cover4commercial.co.uk.
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