Skip to main content

What is Fleet Insurance?


We all know it is important to insure possessions of high value, this includes things such as vehicles, especially when they are company assets. However when you have multiple vehicles in your business, things can get very complicated very quickly. If you own or are a part of a business that uses two or more vehicles, you will understand exactly what the implications of fleet insurance is for your business.


Fleet insurance is an insurance policy which covers a fleet of vehicles, instead of insuring your company vehicles one by one, you can save a chunk of cash by instead insuring via comprehensive fleet insurance plan. This does a few things, namely, it saves your business money as well as giving you flexibility and control when it comes to insurance of vehicles. Insuring vehicles under a  single policy is going to save you a lot of headaches, as well as the capacity to focus on other important aspects of the business.


Fleet Insurance Anglesey will cover vehicles just as an ordinary policy would do for your car. your  insurance policy differs depending on which fleet insurance company you have to go with. For instance, at many companies they offer theft cover, as well as personal belongings protection, breakdown cover and recovery. It’s important that you find a company that can offer the cover that you require. 


With fleet insurance, you can choose to cover any driver you need to cover any vehicle, offering maximum flexibility.


You're probably thinking at the point at fleet insurance is perfect for you, and you may be right! However, you need to fully appreciate the implications of the fleet insurance process.


For starters, a new fleet policy will begin with 2 vehicles, and the option to add more further along the timeline. Here are a few different types of insurance you should consider.


Social Domestic and Pleasure Use


This is fairly self-explanatory, it allows you to commute to and from a single permanent place of work. As such, a business car policy would not be suitable for this and the best idea is to insure your vehicles on an individual basis.


Class 1 Business Use


Class one allows the use of a vehicle for business or profession and allows your travel to multiple places of work. If you are an area manager, this is quite likely the level of cover which is right for you.


Class 2 Business Use


This is very similar to class one in the way you can use the vehicle for both business, and professional usage as well as travelling to multiple places of the world. The key difference here is that it applied to other drivers who are named on the policy.


Class 3 Business Use


This type of insurance provides the largest and most comprehensive cover available, allowing for commercial travel and the collection of money.


It's important that you consider your business needs carefully and then use it to assess which is the right choice for you and your company.


How much is fleet insurance? 


This is affected by a myriad of colors. The main of which is the insurance broker that you find your policy with. 


A good broiler will have excellent knowledge of the subject matter, and will be able to not only advise you on the kind of cover you need but also be able to provide you with insurance policy options at a great rate.


Comments

Post a Comment

Popular posts from this blog

Understanding Construction Insurance

Construction insurance North Wales , is made up of many different types of insurance depending on the level of cover needed for your business, however, there are three essential types of cover that you will need which includes, public liability, product liability and professional indemnity insurance. It is important to know the purpose of each type of insurance if you are a contractor so that you know that you have the correct insurance in place for your business. The last thing that you would want to do is fall short and be liable to claims that can set you back more than just money alone, when it could have been avoidable. Below is an outline of each type of construction insurance along with scenarios. Public liability insurance Public liability insurance covers you in the event that a member of the public is injured or damage is caused to them or the premises in which you are working. This may include the following: Injury. You are covered if someone makes a claim a...
Post a Comment
Read more

Why Get Company Formation Support For Your Business

Starting or running a business can be timely and a lot of work is required to ensure all areas are run smoothly. If you’re asking yourself where accountants Bangor near me are, you may be thinking about getting company formation support. So, why should you decide on getting this for your business? Let’s find out!  What Is Company Formation? To start with, let’s dive into what company formation actually is. Company formation is the process of starting a business and planning the steps that are involved in this - ticking off all the necessary stages involved in forming a company. A company formation agent can offer invaluable advice and provide a heap of continuous support during the process of building the business.  Efficiency  Getting company formation support will ensure smooth running of the practices that need to be taken. Today, most registrations and forms have been moved online and are now paperless. This will ensure that there is no chance of spilled tea or dog e...
Post a Comment
Read more

Why You Need a Family Law Solicitor During a Divorce

Are you considering getting a divorce? You may be feeling overwhelmed and unsure of where to turn for help. One of the most important decisions you can make during this time is to seek out the assistance of a family law solicitors chester. At family law solicitors Chester, we have the expertise and experience to help guide you through the process of a divorce. We understand that no two divorces are alike and will provide personalised advice and support tailored to your individual circumstances. In this blog post, we’ll explore why you need a north wales divorce solicitors during a divorce and how long the process can take. The Process of a Divorce Divorce can be an incredibly difficult and emotional process. The way a divorce is handled can vary significantly depending on the circumstances, but the basic steps are similar. Before embarking on the process, it’s important to understand exactly what is involved. The first step in getting a divorce is for one spouse to file a Petition fo...
Post a Comment
Read more