Fleet insurance is often misunderstood. The name in itself brings to mind vast numbers of vehicles with the inevitable misunderstanding that fleet cover is only for you if you have a lot of company vehicles to insure. But did you know that if you have 3 or more company vehicles you can qualify?
The Advantages of Fleet Cover
Fleet cover is for any company that has 3 or more vehicles. It gives insurance protection to all drivers and vehicles on a single policy, saving time and money over multiple policy administration. Another advantage is that if the company expands its fleet or replaces one of its vehicles then it can simply advise its insurance broker and have the fleet policy amended. In the case of larger companies, or those with a high turnover of vehicles, the company will typically notify the insurance broker of changes on a quarterly basis, which again saves time.
What sort of vehicles can be covered?
Another popular misconception is that Fleet policies are only intended for company car fleets. Not so. Coversure’s Fleet Cover is available for any type of vehicle; cars, motorbikes, trucks, buses, vans and lorries. Coversure can even find you cover for forklifts, cranes and bulldozers.
What types of Fleet Cover are available?
Whatever your specific fleet vehicle requirements are, fleet insurance comes in the same three main levels of cover that ordinary motor insurance cover does; Third Party, Third Party Fire and Theft, and Fully Comprehensive.
Often fleet cover is arranged under an ‘any driver’ policy, which means that any employee of your company can drive any vehicle, provided they hold a full license for that type of vehicle. It is also worth noting that on fleet policies there are usually age restrictions.
Owner-managed businesses or families with multiple vehicles can also use a type of fleet cover known as ‘Family Fleet Insurance’. This is a popular and cost-effective way of addressing your motor insurance needs if you have more than two vehicles. Just as with commercial fleet insurance, with Family Fleet Insurance you can mix different types of vehicles on a single policy, so policy holders can be covered for cars, motorbikes or even a horsebox, for example.
Fleet Insurance: Big benefits to all organisations
Fleet insurance can offer, organisations large and small, a cost-effective solution to insuring company and family vehicles. So, if you have three or more vehicles you need to insure, and you don’t have cover in place then get in touch with your local Coversure Insurance broker today.