Nowadays, professional insurance is fast becoming an essential component of modern business, no matter what the industry. There are insurance products available to cover every type of legal risk your company may face – employee lawsuits, tax investigation, public liability issues etc – and more importantly, insurance is being tailored to the nature and needs of specific industries.
For businesses, one of the most useful types of cover is fleet insurance. You are legally required to have motor insurance anyway, but if your business has three or more vehicles, cover for a whole fleet could be a lot more convenient for you.
Benefits Of Fleet Insurance
The main benefit of fleet insurance is that it works similarly to individual car insurance, but gives you blanket cover for all your vehicles in one, easy-to-set-up policy. This gives you greater piece of mind that your vehicles and drivers are covered, whilst you get on with the more important tasks involved with running your business.
What Is Included Within Fleet Insurance Policies?
Although policies may vary, the basic elements of fleet insurance include cover for:
• All vehicles insured on one policy – easier to manage
• Comprehensive and third party cover options
• Medical expenses and personal accidents
• Lock replacement costs
• Uninsured loss recovery
• Replacement vehicles
• Breakdown (optional)
• Any Driver basis of cover