What You Need to Know About Insuring a Fleet of Vans
If you rely on van transportation for your business, then you need to make sure that your vehicles are properly maintained and protected. Owning more than one vehicle and regularly completing long journeys can open your business up to unexpected costs, where it’s important to choose the right insurance policy to cover all your assets
For van fleet owners, it is vital that your insurance fits the scale of your business, where regular van insurance policies may not be the best option for multiple vehicles. Alternatively, businesses can choose a van fleet insurance policy, which is designed to cover two or more vehicles under a single contract.
Read on to find out more about insuring a fleet of vans, with an insight into the policy and cover options available.
A fleet insurance policy allows businesses to cover different makes and models of vehicles all under the same agreement. This simplifies the insurance process, where all vans in the fleet will have a single insurance renewal date and a consistent level of policy cover.
In addition to simplicity, fleet insurance typically works out cheaper than taking out separate policies for each vehicle, where discounts are available for multi-van clients.
As with regular insurance, there are lots of different cover types to choose from if you’re looking to insure a fleet of vans . These can include:
Third-Party Van Insurance – which covers van owners for damage caused to other people, as well as third party vehicles and properties
Third Party, Fire & Theft Van Insurance – where this policy covers the same as the one above, with additional cover for costs inflicted by fire or acts of theft.
Comprehensive Cover – this is a more thorough and therefore pricier fleet insurance option, which covers vehicle owners for the costs listed above, as well as further damages, which can extend to:
Vandalism and other damages
Motor legal protection
Personal accident and injury cover
Courtesy or rental car cover
Some insurance policies also extend to contents and tool cover, which is especially important for commercial vehicles that are transporting valuable goods. The main types of commercial fleet policies consist of:
Haulage & Courier – for businesses transporting goods and equipment that belong to a third party
Carrying Own Goods – for businesses that wish to protect their own tools and equipment under their insurance policy
At Van Sales UK, we supply a wide selection of new, used and electric vehicles, where you’re bound to find the motor to suit all your business needs. We also provide a range of van fleet services, including tailored van leasing packages and decommissioning options. Contact us today to find out more about how we can help.