What Everybody Ought to Know About Motor Fleet Insurance

What are the advantages /disadvantages of fleet insurance?

Fleet insurance enables businesses to insure all of their vehicles on a single policy -this reduces the administrative burden for both insurers and their fleet clients. The disadvantage of having a single policy is the single renewal date. While this makes life easier from an administrative perspective, it may cause financial difficulties because large premiums might have to be paid all at once. Some companies, however, offer interest free payment options. This is an important factor to consider when choosing your fleet insurer. Fleet insurance covers all of the elements included in fully comprehensive or third party (depending on which you opt for) car insurance, plus a few extras. For example, fleet insurance will cover any driver on any vehicle covered by the policy. Many fleet insurers will offer European cover, uninsured loss, and breakdown cover free and liability insurance at no extra cost.

What kind of vehicles are covered?

Some fleet insurers only cover large fleets of HGVs and MPVs. However, there are a growing number of insurers who will cover small car fleets of three or more.

How many vehicles are considered a fleet?

A fleet can be as few as 3 cars or as many as 5000 cars. The number of cars an insurer will cover depends on they type of business the specifically cater for. Some specifically cater for haulage firms while others specialise in company pool cars or small company fleets.