Fleet Insurance offers anyone who owns a number of business vehicles a broader, more comprehensive policy than what is provided by standard domestic motor vehicle policies.
Fleet Insurance is only applicable to those who own several vehicles for business, generally ten and above. The policies differ from individual motor vehicle insurance policies because they allow for multiple vehicles under the one policy, while offering additional benefits that fit your business, such as automatic additions and deletions, greater driver flexibility, higher legal liability limits, and more.
Essentially, purchasing a Fleet Insurance plan is like having all your vehicles under a single policy; but you still have the flexibility to be able to nominate different levels of cover for individual vehicles.
One of the biggest advantages of this kind of policy is that all the information on your vehicles is in one place and under one name. This makes things far easier to manage on an administrative level. Just imagine having ten vehicles all under separate policies with different renewal dates and costs – it’s an administrative nightmare that eats up time and resources, which could lead to a renewal being neglected. If you’re responsible for a range of vehicles, Fleet Insurance is a vital investment. It will save you time and money, and, should anything go wrong, it could save your business.
Most insurance companies offer policies with coverage for cars, trucks, buses, coaches, and even earthmovers. Like any motor insurance policy, there are two cover options – comprehensive, which covers your vehicle for fire, theft, accidental damage, and malicious damage; as well as compulsory third party insurance, which covers any damage done to the property of others by your vehicle.
When you’re looking for a Fleet Insurance policy, it’s important to look into all the optional extras available to you, so each of your vehicles is fully insured. You will need to consider what types of vehicles you have, what sort of cargo they carry, who will be driving them, whether or not there will be passengers in the vehicles, how often they will be used, and whether or not you’ll be using a trailer.
With this information at the ready, look for a well-established, reputable insurance company, and speak to their experts about the best policy for you. Remember that cheaper is not always the best option. Explore the different policies and consider what optional extras you are being offered, before you make a final decision.
In saying that, even the best Fleet Insurance is likely to save you a lot of money and, as mentioned, will make things on the administrative end a lot easier for you.
Make sure to speak to a Fleet Insurance specialist to ensure all your needs are covered. Their expertise will be vital to finding a policy that suits your business. Should you need to use your insurance at any point, you will be glad to have the experts behind you.
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