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Getting The Best Fleet Insurance Policy For Your Company

If your business runs large fleets of vehicles, choosing the right fleet insurance cover is essential. One must be careful when choosing a business fleet insurance policy that they are not led by price alone and simply go for the cheapest policy, you have to look at the needs of your business and match the insurance cover to that. If you have never purchased fleet insurance before then it is advisable that you speak to a reputable broker to run through all available options so that the insurance policy meets the needs of your business.

You can obviously use the Internet to gather more information and source insurance firms that you would be interested in getting a quote from, that said there is an enormous amount of information to process & there are many pitfalls that one can fall into. With insurance prices being so radically different amongst insurers simply doing your own research may not get you the best price available for your circumstances and the most cost-effective way is most probably to use an insurance broker or comparison service to find your fleet insurance Policy.

First thing you must do when looking for your fleet insurance quote, is think about exactly what cover your business requires there is no point in being covered for things that you do no not need cover for, this will only increase your premium for parts of the product that you will never use. It is imperative that you have sufficient cover for your fleet so that in the event of a claim you will not be underinsured.

Here are a few things you should think about considering when searching for your fleet insurance:

1) The fleet drivers insurance history To be able to get the best price on your fleet insurance policy is important that your drivers are experienced and have had few or no claims in the last three years, typically drivers with no claims history are cheaper to insure than drivers who have been convicted or who have had any claims. Even one driver with a poor driving history can significantly increase your fleet insurance policy costs and it may be worth thinking about moving them to a separate policy.

2) Insurance coverage you require Much the same as a normal car insurance policy fleet insurance cover is provided as either fully comprehensive, third party fire and theft, or third party only. Although third-party or third party fire and theft option is cheaper than a fully comprehensive policy it is often not suitable for the businesses needs as there is an increased liability on the business in the event of any claims.

3) Customised policies Some brokers have the ability to customise a policy to your individual needs, this not only ensures the correct coverage for your business, it also ensures that you are not paying for protection that you do not need and therefore you are more likely to get a cheap policy premium than you would using a blanket cover ensure all off-the-shelf policy.

In this article we have looked at various ways to make sure that you can obtain cheap fleet insurance that suits your business needs, and not making short cuts just to get a cheaper quote.

How To Get The Most Out Of Your Motor Trade Insurance In The Uk

Thankfully, here in the United Kingdom, the motor trade industry is fully developed and the same goes for the insurance policies related to it. In case that you are looking for information regarding motor trade insurance policies right now, it will be much better for you to talk to agents first and weigh your options.

Instead of looking around for advice in forums, social media, and message boards, talking to the insurance company is your best course of action getting in touch with them does not cost anything. And fact-checking and finding and comparing information after you talked to them are much better options.

After all, agents and companies provide individual assessments and some of the information you find now might not make any sense. Nonetheless, the key advice when talking to agents is to say no to everything first until you make a sound decision after gathering all the facts you can find. Moving forward, it does not mean that your current search is meaningless and a waste of time. You will still get a few pieces of reliable information that is applicable in your case. And here are some general tips that will surely help you to make your research worthwhile.

Your Motor Trade Activities Affect the Cost of Your Motor Trade Insurance Policy All the activities that you do while doing motor trade can allow you to get reduced rates. For example, being involved in repair trades that involve bodywork, MOT preparation, and servicing can make insurers provide you with better offers.

On the other hand, having hazardous activities in your list can instead raise your premium. Hazardous activities include dismantling, vehicle salvaging, and breakdown recovery. Aside from those, handling prestige and performance vehicles will increase your premium and to make sure that you will experience the benefits mentioned here, make sure to be fully transparent with your insurance agent. Hiding some of the activities, even if the activities will reduce your premium, is not advisable.

The Number of Drivers in the Insurance Will Increase Cost Of course, this is the rule of thumb. If you will be the one frequently driving the cars you deal with most of the time, it is best that you only include yourself in the insurance. If it is inevitable to add other people, try to restrict them to two or three. If you deal with a lot of cars and you will be forced to hire a lot of drivers, it will be much better to get a trailer to make it easier and faster to transport the vehicles.

Having Voluntary Excess Most motor trade insurance policies have a compulsory excess fee (around GBP250). You can increase the voluntary excess to lower down your premium.

No Claims Bonus Just like most insurance policies, having no claims under your current or previous account will make you eligible for motor trade insurance policy discounts. Even if you were the driver in the previous record and you are now applying as a motor trade business owner, you will still be eligible for those discounts.