Is your business considering a Fleet insurance solution?
Insuring your company’s vehicles on a fleet basis is the most economical way available to ensure your business’ vehicles are road legal.
Our customers say that the biggest plus in having a fleet is having one renewal date for all vehicles rather than having policies scattered everywhere at different times, and that included with the one point of contact. Whilst it is not in our nature to disagree with our clientele, however we would have to argue that we find the biggest positive in “going fleet” is the noticeable reduction in insurance costs.
Of course for anything to be worth doing in business there has to be some financial value in it. When companies turn to insuring vehicles as a fleet what we try to explain is that what you are essentially doing is combining all your vehicles into one (metaphorically speaking), so what insurance companies give you, in principle is “bulk” premiums for your vehicles which are not available on the normal individual market.
A common misconception from clients is that going larger means a diluted service, on the contrary, as fleets generally come with attractive premiums every underwriter aims to provide the best product to outdo their rivals. A better product with the inclusion of a facility that allows any approved driver to drive your vehicles makes a fleet insurance policy all the more convenient.
The value of having a broker in when acquiring a fleet policy can prove instrumental, given the market knowledge and relationship with insurers to obtaining the best possible solution.
If a fleet insurance policy is something your company is considering, or looking at renewal terms for, feel free to speak to one of our advisers.
