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.