If you have two or more commercial vehicles in your business then it may be advantageous to invest in motor fleet insurance.
What is motor fleet insurance?
Fleet is the generic term or collective noun for a group of motor vehicles, and for some insurers a fleet can start from as little as two vehicles. However, other insurers will interpret the term fleet differently and choose to focus on a greater number of vehicles.
Bruce Burke have years of experience insuring businesses with fleets and we know which insurers to use for each type of business and for each type of vehicle.
What is the advantage of having motor fleet insurance?
The are several advantages of having a fleet policy as opposed to insuring multiple single vehicles separately. Potentially the biggest advantage is price, once you agree the rate on the fleet any new vehicle added will benefit from the rate you have and would work out more economical than insuring a separate vehicle on its own.
The second advantage is that in most instances, any driver that your business employs can drive on your fleet insurance without you having to update your whole policy. It gives you the flexibility to keep your business moving with minimal hassle.
There is also the administrative benefit of having one policy and one renewal date.
How is your motor fleet premium calculated?
Fleet insurance premiums are calculated using historical data from the fleet, together with statistical information, geographical areas, drivers ages and experiences, types of vehicles and business description, use and types of goods to be carried.
Our relationship with a wide range of insurers mean that we can arrange insurance packages for:
Mini Fleets
Car, van & lorry fleets
Haulage fleets
Skip lorry fleets
Sales team fleets
Any business fleets
Just as with a single motor policy the fleets can provide cover for comprehensive, third-party fire and theft or third party only.
What if you are a business with a new fleet?
A lot of insurers require a risk to have been fleet rated for 3 years before they are willing to quote on the risk. We have markets that will quote for risks that have not been fleet rated for 3 years, risks that have built up no claims bonus and even risks where there is no previous insurance history.
What type of information is required for a fleet Insurance quote
This is the information required for a fleet quote or alternatively you can ring us
Company name and address
List of vehicles
Parking arrangements/postcodes/garaged/drive/road
Age limits for drivers – for example any driver over 25
What do the vehicles carry?
Where are they used?
Do they have security, trackers, dash cams?
Claims history/no claims bonus
No business is the same and each will require different levels of insurance. Bruce Burke can obtain bespoke quotes to suit your needs. Contact us today on 020 8597 2515 or fill out our enquiry form.
