Fleet insurance tips

If you’re thinking about ways of trying to both improve your fleet vehicles’ cover and perhaps reduce your costs at the same time, you might be drawn to fleet insurance.

If that’s the case, the following tips might prove useful.

Don’t make pessimistic assumptions

When people first talk about fleet insurance, it’s not unusual to hear some incorrect and negative assumptions being voiced.

They might include:

  • “it’s only for big fleets with lots of vehicles”;
  • “you can’t cover trucks and cars on one policy”;
  • “the mileage restrictions are strict”;
  • “younger drivers will be excluded”; etc.

In fact, none of these need be the case at all, providing you’re dealing with a specialist provider of insurance cover for fleets. We offer flexible fleet insurance policies that can be tailor made to meet all the above situations and many more like them.

The key tip here is – don’t give up before you’ve even started and assume that your fleet somehow won’t fit this type of policy.

Rationalise or eliminate odd high risks

All insurance policies, including those providing fleet cover, will calculate their premium based upon the underwriter’s assessment of the risks involved.

Your costs may be unnecessarily inflated by rare and infrequent risks, for example, such as if you occasionally send a vehicle overland to Russia or parts of the Middle East. It’s worth looking hard at the economics involved and rather than taking blanket fleet cover for such, perhaps take out individual trip cover instead.

Look for in-the-package deals

Fleet insurance typically might come with a form of standard cover to which you might add options – at cost of course.

Let’s use mileage as an example. If the standard policy offering and its price has a stated mileage ceiling, you may be able to upgrade to unlimited mileage for an extra fee. The same might apply for younger drivers and mixed vehicle type cover etc.

That’s fine but keep in mind that typically, a policy offering all these things as part of its standard pricing model, might be more cost-effective in the longer term than an apparently lower-cost option that requires you to add all these things in as optional extras.

Think carefully about drivers with serious motoring convictions

Some policies might refuse cover altogether for drivers who carry serious motoring convictions on their record.

Those policies that might offer such cover may also typically charge a significantly increased special premium for doing so.

Segment business and hire-and-reward uses

Although relatively rare, some fleets might include both company cars and vehicles used for hire-and-reward purposes. That latter category might include things such as minicabs, coaches, taxis and shuttle bus transport etc.

Insurers tend to see professional business use fleets (e.g. vans, trucks and company cars) to be quite different in risk terms, to those associated with public transport. It might be sensible to consider, in insurance terms, segmenting your fleet in order to find a cost-effective policy solution.

Talk to a specialist

Fleet insurance is a highly specialised field. Not all insurance providers have an extensive background in this domain.

You may find a more rounded and appropriate solution if you’re dealing with someone who does have such a background in fleet insurance. So why not give us a call today on 01702 826060? Our team are ready and waiting for your call.

A beginner’s guide to fleet insurance

If you have three or more vehicles held in the name of your company, you might benefit from fleet insurance.

Let’s have a quick look at what that entails and why it might make sense in your context.

Individual vehicle versus fleet cover

You’re probably facing three options:

  • to insure each vehicle separately;
  • to cover them as sub-groups – i.e. having a collective policy for say the cars and a separate one for the goods vehicles;
  • to insure them as a collective whole on a single policy.

Whilst the first two options are perfectly feasible in a mechanical sense, the attractions of the third might seem intuitively obvious. Apart from anything else, it provides you with a single policy, a single annual renewal date and a single insurance provider to deal with.

That alone should provide a significant interest and motivation towards finding out more about fleet insurance.

Added advantages

There is another potentially very powerful incentive to look at fleet insurance policies – cost.

It’s always important not to get too obsessed with cost in terms of selecting insurance solutions because purchasing the cheapest policy you can possibly find doesn’t necessarily tell you anything about its suitability for your needs. Yet, most fleet managers or owners are under huge pressure to manage their costs downwards so the issue can’t be ignored.

Typically, you might anticipate fleet insurance policies to be cost-attractive and perhaps more so than individual policies. That’s because just as is the case in almost every business domain, the more you purchase from a single provider, the more you’d expect to see that volume rewarded by attractive and aggressive pricing.

Flexibility

You might be able to find fleet cover of this type that is available for mixed vehicle fleets and mixed usages. For example:

  • cars and goods vehicles covered;
  • cars covered for both business and private use purposes;
  • unlimited mileages;
  • cover for drivers of any age – providing, of course, that they hold a suitable licence qualification for the vehicle or vehicles concerned.

Special cases

If you find the right provider, fleet insurance can be very flexible as outlined above. However, there may be some exceptions where special cover may be required. They might include:

  • taxis and fleet vehicles operated for hire and reward (e.g. luxury limousine hire, coach transport and minicabs);
  • buses;
  • very high risk hazardous cargos;
  • international transport which leaves the European Union for final destinations like North Africa, the Middle East or Russia etc. An insurance provider will normally clarify which countries their standard international cover is valid for;
  • stunt vehicle fleets used for display and entertainment purposes.

In such situations and others like them, it may be possible to extend the standard cover or to take out a special policy for the risks concerned.

Reviews

Attractive as fleet insurance might be, you should always evaluate it against your specific needs – just as you would do with an individual vehicle policy.

An experienced provider of such cover such as ourselves at Alan Blunden Fleet Insurance will be happy to discuss your individual and unique business fleet position and provide further advice and guidance.

If you haven’t looked at this type of cover previously, now might be a good time to do so!

Introduction to fleet insurance

Motor fleet insurance might offer your organisation the chance to both simplify the management of your vehicle insurance and save money in the process.

If that sounds too good to be true, it isn’t! All that’s required is for you think about moving to fleet insurance as opposed to covering your vehicles individually.

Let’s look at some of the things that entails.

Motor fleet cover

The first question that might occur to you is, “do I actually have a motor fleet?”

Different insurance providers might respond in different ways to that question. Some may have a fairly significant threshold of perhaps 10 or more vehicles. That’s a pity because it might exclude numbers of smaller organisations from the benefits of fleet insurance.

Fortunately at Alan Blunden Insurance Brokers we provide fleet insurance for companies who have a threshold of just three or more vehicles.

What counts as a vehicle?

The good news is that some specialist fleet insurance policy providers are very flexible in their definitions here.

You don’t need to have one policy for your cars and another for your commercial vehicles such as vans etc. If you find an appropriate provider of such policies, you may find that they will be happy to offer “any vehicle” fleet cover even including plant machinery.

Of course, there may be some constraints on that in the sense that some highly unusual vehicles (e.g. hazardous materials transporters) might be excluded and will require their own specialist cover.

However in the majority of cases, you should be able to find that these flexible insurance specialists will be able to include all of the vehicles you normally consider to be part of your fleet.

The mileage dimension

One area where policies may differ significantly from one to another is that of mileage.

Some fleet insurance providers though might offer not only unlimited mileage incurred whilst engaged in business activities but also that involved in any personal and private use of the vehicles concerned. That might be a particularly significant benefit for fleets comprising company cars, which are taken home by employees and used during the evenings and weekends for private purposes.

Driver considerations

In terms of fleet insurance, there is no “one size fits all” in this respect and policies may differ. However, some might include cover for drivers of any age providing they have an appropriate licence for the vehicle they are driving. This will overcome the young driver restrictions faced by many fleet managers using individual policies.

One other point worth making when speaking of drivers is that some policies which are described as “any driver” policies may require special measures to be taken or even drivers to be excluded if they have particularly serious motoring convictions on their licence.

If one of your employees comes into this category, you should discuss this at the earliest opportunity with your insurer.

Spreading the cost

Of course, if you have consolidated all of your fleet insurance into a single policy, then it is going to make that individual premium seen high – even if it is offering significant cost savings overall versus an individual policy per vehicle approach.

The good news here is that some providers, recognizing the importance of fleet business, may offer monthly payments on the premium spread over the year.

Summary

There are many other potential attractions and advantages to companies who choose to go the fleet insurance route.

The limited space here doesn’t ready permit a full discussion of those. So, to find out more, it might be worthwhile speaking to a specialist provider of fleet insurance such as ourselves at Alan Blunden Insurance Brokers sooner rather than later.

What is a motor fleet insurance policy?

If you have three or more vehicles in your company’s name, then some insurance providers will consider that to be a fleet.

You may be thinking “so what?” in response to that but this definition is important and it might result in you saving money on your premium. Here’s how.

The company’s vehicles

For many companies, their fleet comprises quite diverse vehicle types.

Perhaps senior people in the organisation have a prestige company car as part of their pay and provisions package. Other personnel, such as salespeople, may have a company car because it is necessary for their day-to-day business activities. It’s equally possible that there are commercial vehicles in the fleet too. That might cover vans and trucks etc.

It doesn’t matter what type of vehicle it is, a company will typically wish to make sure that it is insured.

If it is ever used on the public highway then the law will require that it is covered by a minimum of unlimited third party liability. In the case of most companies though, that minimum level of protection will be deemed to be insufficient and something closer to comprehensive cover will be required.

Trying to coordinate individual policy details and renewal dates, across a range of vehicles and potentially a number of different insurance providers, can become an administrative nightmare for fleet managers and business owners alike.

It might typically be a whole lot easier to manage if the cover was a single policy with a sole cover provider.

The cost dimension

This also introduces the notion of commercial advantage.

It might be possible to discuss this in financial consultancy-like terms but it simply boils down to an earthy truth – buying more from a single source often gives you better commercial leverage. In this context what that means is, if you are placing all of your vehicle insurance business with a single cover provider, the chances are you would expect to see a more advantageous premium in total than might be the case if you were spreading your cover across different insurers.

The key benefits of fleet motor cover

So, having a single motor fleet insurance policy for all vehicles might typically offer a company two very significant advantages:

  • a reduced administrative overhead through dealing with a single insurance provider for all vehicles rather than multiple insurers;
  • the possibility of cost reduction overall.

What’s involved?

Fortunately, such cover exists. Typically, what’s called “motor fleet insurance” might offer:

  • one policy covering all of the vehicles;
  • any driver cover providing that they have a suitable licence;
  • a single annual renewal date;
  • cover for mixed fleets, including conventional cars and commercial vehicles.

As with any insurance policy there will be terms and conditions that need to be read carefully prior to making your purchasing decision. These conditions may well differ from one insurance provider to another.

In particular, you might see:

  • certain highly unusual or specialist vehicle categories that require individual cover. That might include things such as toxic waste carriers or similar;
  • possibly some policies may exclude, even under “any driver” provisions, drivers with certain forms of severe motoring convictions on their licence;
  • this sort of cover might not be applicable to hire and reward fleets such as taxis and minicabs. For this type of requirement, specialist policy types typically exist.

This brief note has really only scratched the surface of why motor fleet insurance might benefit your company. It’s probably worth finding out more if you have several vehicles and are finding the insurance costs and administrative overheads involved

7 ways to save on your motor fleet insurance

At Alan Blunden Insurance Brokers, we know only too well how stressful the job of a fleet manager can be.

If you’re “in that chair” then you’re under pressure on a day to day basis. What we know from experience is that one of those pressures is the ever-increasing emphasis today on cost containment – including in the domain of motor fleet insurance.

We’re here to help! That’s why we’ve put together below, a few basic tips on how you might be able to save money on the same.

  1. Opt for an integrated fleet insurance policy

It may sound obvious to some but perhaps surprisingly, there remain fleets that are still insured on a vehicle-by-vehicle basis. Some others are segmented and insured, such as having separate policies for the car, van and haulage fleets.

In practice, it’s typically more cost-effective to have a single integrated policy if an insurer offers such. It also simplifies your administrative life in areas such as renewals – and time wasted on unnecessary admin is money wasted.

  1. Examine any driver versus named driver policies

There isn’t necessarily a universal best approach here because a lot might depend upon how big your fleet is. In some situations, it might be more cost-effective to opt for a named driver approach but in others selecting an “any driver” option may be the most cost-effective solution.

In either scenario, remember that some categories of driver may push your costs up:

  • younger drivers (some policies might actually decline to cover them even if they have the appropriate licence qualifications);
  • inexperienced drivers – this is not always the same thing as a young driver;
  • drivers with serious motoring offence convictions.
  1. Revise overnight parking of your vehicles

Some fleet vehicles are simply left at the depot overnight. In other instances, vans, trucks and cars are left parked on nearby streets.

These practices are typically seen as higher risk by motor fleet insurance providers. If you can show that your vehicles are parked overnight in secure and supervised locations, you may see a commensurate reduction in your premium.

  1. Avoid hazardous cargos and goods

This is self-explanatory because typically, such carriage may require additional cover and that will typically push your costs up. In passing, carrying such goods will also subject your vehicles to additional regulations.

  1. Eliminate private use

Some companies allow their employees to use their company cars, vans and sometimes even trucks, for private purposes over weekends or at night.

While some motor fleet insurance policies might cover that as standard, others may increase their premium accordingly.

  1. Use security devices

Some policies might welcome, via incentives, the use of the latest security and anti-theft devices on your vehicles.

Examples might include tracking systems, alarms and immobilisers etc.

  1. Question outside UK cover

Some policies might include EU cover as standard though others won’t.

Having (and therefore paying for) cover for your vehicles outside of the UK might be fine but perhaps not if you never actually use them like that and have no plans to do so.

Summary

These are just a very few ideas we could discuss with you for saving money on your motor fleet insurance.

Why not contact us for a more in-depth discussion that’s relevant to your particular fleet insurance situation?

Business Fleet Insurance – FAQs

From time to time, we like to share our responses to some of the FAQs we encounter here at Alan Blunden Insurance Brokers.

This time, we’re looking at business fleet insurance.

Is it always best to have a single fleet policy?

We’re never entirely comfortable with the word “always”!

Broadly speaking, yes, an integrated fleet insurance policy may be typically advantageous for a number of reasons. There might though, in some cases, be exceptions.

What we’d prefer to do is to discuss the details of your fleet with you and then we’ll be better positioned to advise further.

Can I cover drivers who have motoring endorsements?

Today these are more commonly called “penalty points” but yes, you typically can cover such drivers.

Of course, in some cases that might increase your premium. In certain cases, an insurer may decline to cover drivers who have certain severe categories of conviction on their licence.

Will my insurance cover me for vehicles leaving the UK?

Such cover is usually available without problem and some fleet insurance policies might include it as standard.

That assumes that we’re speaking of EU countries or those Western European countries that although not members, are closely affiliated to the EU – such as Norway and Switzerland. If you’re planning to go further afield, such as the Middle East or Russia, special additional cover may be required.

Note that it may be more difficult to obtain cover for certain countries designed as being war zones or where the security situation is considered highly dangerous/unstable.

Is there a maximum number of vans I can insure?

No.

With vans accounting for more than a fifth of all traffic on UK roads, there is little doubt that many will be fleet vans and some fleets may run into hundreds of such vehicles.

This shouldn’t be a problem for you.

Can I get discounts?

Potentially yes.

Insurers like to see evidence that the policyholder is behaving responsibly and doing all they can to reduce the risks of theft and accidents etc. They might offer incentives, in the form of reduced premiums, for such behaviours.

Examples might include the use of additional security devices, secure and patrolled overnight parking arrangements etc.

In some cases, you might also be able to see reduced premiums if you opt for a higher excess.

What exactly is the “excess”?

This is an amount of money that you agree to pay as the first part of any future successful claim.

So, if you have a claim of £400 and there is a £100 excess, the amount you’d receive upon settlement would be £300.

Insurance providers use this to avoid lot of very small claims, thereby keeping their costs and premiums down.

A certain minimum excess is typically mandatory on an insurance policy of almost all types. Sometimes though, the policy provider might offer you the option to select a higher excess and in return, you’ll benefit from a lower premium.

In this case, you do need to make sure that any higher excess amount will be affordable to you in the event of a claim.

Do I have to insure leased vehicles?

Certainly a leased vehicle will need to be insured by someone – at least to the minimum legally required levels of third party liability.

It’s very difficult to generalise here because there are now so many different options and types of leasing available. In general terms, the leasing company’s price typically won’t include insurance though they may be keen to offer it to you as an optional extra.

It is possible to obtain fleet insurance if you your fleet consists in whole or in part of leased vehicles. You will though need to make sure that this is clearly highlighted to us in advance.

As you are looking for business fleet insurance?

Business fleet insurance might typically be a lot more cost-effective than insuring your vehicles individually.

Vans now account for more than a fifth of all traffic on UK roads, so it’s fairly likely that many of them will be fleet vans and that means there are lots of business fleet insurance policies out there.

We at Alan Blunden Insurance Brokers would like to suggest a few points you might want to consider if you’re looking around.

Price

True, there’s nothing we can say that’ll convince you that price isn’t important but we do recommend that you keep it in perspective.

Like many things in life, low-cost offerings aren’t always what they seem. You just can’t tell what a policy will offer you based upon its price alone.

As we’ve said many times before, in the event you need to make a claim, you won’t be the slightest bit interested in how much your policy cost you but only in what it covers. It is therefore advisable to think a little like that at the outset when searching for business fleet insurance.

Mileage

Estimating your annual mileage accurately in advance can be very difficult.

Suddenly “upping” your mileage estimates based on the year to date, can result in hefty premium increases. As a general rule, it might be sensible to look for policies that offer unlimited mileage provisions.

All vehicles

Needing to insure your cars under one business fleet insurance policy and your goods vehicles under another can be something of a nuisance.

We can typically provide an “all vehicle” policy.

Weight restrictions

Strange as it may seem, not all insurers necessarily mean the same thing when they’re talking about “HGVs”, “LGVs”, “Vans”, “Goods Carrying Vehicles”, “Trucks” and so on.

However, typically they do link their policy or segments of its cover, to specific maximum un-laden weights. That means you might see cover quoted as being applicable “up to vehicles of 7.5tonnes”.

This isn’t a problem in itself but it’s worth being sure that any such maximum weight restrictions will actually mean your fleet is entirely covered. Note that some policies might also differentiate by maximum vehicle length, detachable tractor/trailer units and so on.

You do need to read your policy carefully or seek the help of someone like us to do so for and with you.

Secure locations

Some policies may have very demanding overnight parking conditions you’ll need to comply with if your vehicles are to be covered when not in use.

Once again, this is perfectly legitimate but do be sure that the policy doesn’t stipulate things that you will have difficulty in complying with. An example might be the requirement for vehicles to be garaged overnight which might be fine if you have a large warehouse but a real challenge if you don’t.

On a related issue, do be very careful about making sure your evening and weekend use of your vehicles is covered. Some fleet insurance may cover use only if it’s strictly related to the conduct of your business.

That means letting a colleague use a van over the weekend to transport some material of their own to the local tip might be uncovered use – a serious risk for you and the user concerned. If you do wish such flexibility, be sure you have business and personal/recreational use included.

Comparing motor fleet insurance – and other FAQs

At Alan Blunden Insurance Brokers, we’re used to dealing with questions from our clients or those who are considering using our services.

We like to periodically share some of those in our blog. Our last FAQs blog a few weeks back proved very popular, so we’re covering a few related questions here by way of expanding on them.

We hope you’ll find these useful.

What else is there to compare in fleet insurance, apart from the price?

Quite a lot in fact!

While a heavy focus on cost is perfectly understandable, that shouldn’t hide the fact that policies can vary from each other in many other respects too.

To take one example, some motor fleet insurance quotations might offer unlimited mileage. Others might specify maximum annual mileage assumptions that could be, in your particular situation, unrealistically low. Plug your realist estimates into them and you might see the premium soar.

So, there’s a lot to look at and compare rather than just the price.

How can anyone, apart from me, estimate my total annual mileages?

They can’t.

However, some insurance providers may use attention-grabbing headline prices that make assumptions about average annual mileages. Statistically that might be sound and there’s nothing necessarily wrong with it – except of course that it may be completely irrelevant to you.

There is no substitute for discussing your exact situation with a specialist who will then offer some pertinent quotes.

Can you cover a mixed vehicle fleet?

Typically, yes, we can source such policies.

Do be aware though that some providers’ policies might not cover mixed fleets comprising, say, cars and vans together. It’s worth being clear.

Will my policy cover my vehicles when they’re in a garage under repair?

This is something we’d need to discuss the specifics of with you to be clear what you mean.

Broadly speaking, under law, a garage is responsible for the security and safety of your vehicle while it’s in their charge (i.e. their control). So, any damage, accidents or theft suffered in such situations, should be covered by their insurance.

That’s not to say though that your insurance is silent on the subject!

Do call us for a more detailed discussion.

What happens if one of my drivers has motoring convictions?

A lot will depend upon the gravity of the convictions but in any case, you must notify the insurance provider of such facts at the time you take out your cover.

This may affect the premium or in some severe cases, cover for individuals with certain types of conviction might not be possible.

Why is cover for newly qualified drivers sometimes an issue?

While we typically can provide motor fleet insurance cover for younger drivers with appropriate licence permissions, yes, this can sometimes be a problem with other providers.

The problem is that three things are frequently confused here:

  • the age in years of a driver;
  • their licence qualifications;
  • their experience in years.

So, a relatively young driver might have far more on-the-road experience than a middle-aged driver who has only just achieved the required licence permissions.

Some motor fleet insurance providers use age as the ultimate measure, some use experience and some concentrate exclusively on the licence. Please just give us a call to find out more – it’s easier when explained verbally rather than in writing!

Can I or my colleagues use a vehicle for personal purposes?

Yes, providing you have specified that mixed-use is your intention.

It’s worth remembering that underwriters typically differentiate between business use and personal (or mixed). It’s worth being very clear in your specification and to double-check what your policy actually says about it – unless it’s one we’ve provided, in which case we’ll clarify that for you.

 

Commercial Fleet Insurance – Your FAQs answered

At Alan Blunden & Co, there’s nothing we love more than speaking with our customers and potential customers.

Even so, we recognise that at the outset some people prefer dealing impersonally and seeing as many facts and figures as possible on our website before deciding whether or not to make a call. That’s why we try to answer as many questions as we can in advance.

To help, here is another in our series of “Frequently Asked Questions” blogs – this one on the subject of commercial fleet insurance.

What vehicles can you provide cover for?

Broadly speaking, almost any form of commercial vehicle. That might range from say an HGV tractor unit down to a director’s car if it’s considered by the business to be a company asset.

We typically don’t differentiate by type of vehicle as such.

Does that mean you can cover any sort of fleet?

No, not quite – though that isn’t really a question of the type of vehicle but more the purpose the fleet is being used for.

For example, we typically don’t cover:

  • taxi fleets;
  • courier services fleets;
  • chauffeur services vehicles;
  • family fleets (i.e. a family that owns and uses several vehicles for their own purposes).

There are a number of reasons for that which are a little detailed to cover here. Please call us if you’d like to know more or to clarify whether your fleet might be included in the above list.

Do please remember though that these are only a tiny percentage of fleet requirements. We can and do cover the vast majority of fleets discussed with us.

To be clear – can you cover fleets that are a mixture of lorries and cars?

Yes, absolutely – though naturally we would need to discuss the specifics with you.

What is your approach to young drivers?

The law in the UK has strict requirements for licence qualifications and the vehicles that may or may not be driven under them.

Providing a younger driver has the appropriate licence qualification for the vehicles he or she is driving, we will typically be able to provide cover. We don’t have a threshold of the “no drivers under 25” sort that you may see elsewhere.

Is the age of the driver irrelevant then?

No.

Just as you would expect, typically if you include young and inexperienced drivers on your policy, even if they have the appropriate licence qualifications, it may increase your premium.

Will you be able to cover vehicles leaving the UK?

Yes, absolutely no problem.

If you’re planning to go outside of the EU though, please speak to us, as special conditions might apply.

What options are included as standard or discretionary?

There are many variables here including things such as:

  • windscreen replacement;
  • accidental damage;
  • replacement vehicles; etc.

To discuss in detail, we’d need to understand your exact requirements and views.

How many miles are included in your policies?

We can provide unlimited mileage policies – this is a potentially HUGE advantage if you dislike counting miles and estimating accordingly.

Why should I consider commercial fleet insurance as opposed to ordinary individual policies?

There are two main reasons why we’d recommend you seriously consider commercial fleet insurance:

  • cost – it’s typically more cost-effective than individual vehicle policies;
  • ease of administration – most of us would prefer to deal with one policy provider and have one administrative focus (e.g. one annual renewal) rather than many. The time saved can be staggering!

Will you accept under risk, drivers with bad driving histories and motoring convictions?

In principle yes but we must point out:

We hope you found the above useful but please, don’t rely exclusively on reading our blogs. Please give us a call with any questions you might have.

What is Fleet Insurance?

The question “what is fleet insurance?” is regularly heard by the team here at Alan Blunden & Co. It’s one we can easily deal with.

It is insurance designed to cover a “fleet” of vehicles, all under one policy.

What makes a fleet?

In theory, it’s possible to make a case for saying any number of vehicles greater than one is a fleet!

However, we typically consider that the term really starts with a minimum of three vehicles. There really isn’t any specific definition of what type of vehicles either – they might be cars, vans, trucks, HGVs and so on. The fleet can even be of mixed types.

It’s worth keeping in mind though that not all insurance providers work to the same definitions. Some might consider that a fleet only starts with five or more vehicles. Others may have conceptual troubles with mixed fleets of trucks and cars etc.

We’re very flexible in terms of such definitions and can typically provide a fleet insurance policy to match.

Some exceptions

There are some types of fleet that are typically regarded as being in a separate category. We can’t offer fleet insurance for fleets comprising:

  • taxis;
  • courier services bikes and vehicles;
  • chauffeur-driven cars for hire;
  • family vehicles (i.e. several vehicles used by a single family).

If you’d like to know more about these exclusions, we’ll gladly supply further information upon request.

Why fleet insurance typically makes sense

If you wish, it’s perfectly possible to take out individual driver and vehicle cover for each vehicle in your fleet.

Of course, that’s going to mean that in a fleet of say 10 vehicles, you’ll have 10 different policies. Each may well have its own renewal date and if they’re spread across several different insurance providers, your admin overhead is likely to be significant.

With vans accounting for more than a fifth of all traffic on UK roads, there is little doubt that many will be fleet vans and it’s difficult to imagine the extra paperwork and administrative overhead if each one had its own individual and unique insurance policy!

Administrative convenience isn’t the only issue though.

In typical circumstances, there are also good financial reasons why this type of policy makes sense. These can be explained in a lot of accounting and commercial detail but the bottom line is simple – it’s often possible, in almost any aspect of life, to secure a more advantageous unit price if you’re buying in bulk. That’s typically as true within the domain of commercial fleet insurance as it would be elsewhere.

So, given the financial pressures applying to many fleet managers at the present time, this type of consolidated fleet policy will typically make a lot of financial sense.

What’s included in the policy

Almost inevitably, policies will differ in terms of the things that are or perhaps are not, included in the price. You should be considering variables such as:

  • windscreen damage/breakage;
  • accidental damage;
  • replacement vehicles; etc.

We will work with you to discuss all of your requirements in those areas but there are some important things we include as standard:

  • unlimited mileage;
  • cover for younger drivers (provided they have the appropriate licence qualifications of course).

Hopefully this has given you a flavour of our fleet insurance cover. Why not contact us to find out more?