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.
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.
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.
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.
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.
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.