A company might own several vehicles. These vehicles can be covered under one policy, be it on comprehensive, third party fire and theft or third-party basis. A company’s fleet of work-use motor vehicles represents a significant investment in capital and management time. It also represents a sizeable proportion of the risk the company carries as driving is among the most dangerous work activities.
Motor Fleet Insurance
Motor fleet insurance protects businesses financially from compensation claims from third parties as a result of a motor accident or from the theft of a vehicle. The third-party claims could be in the form of financial compensation for injury or property damage for a third party.
Tool of Trade Insurance
Certain types of vehicles such as cranes require third party liability insurance cover to provide protection against legal liability to pay compensation following third party property damage and/or bodily injury caused whilst the vehicle is being operated as a tool.
Frequently Asked Questions
This type of policy is normally offered to businesses having more than 10 vehicles.
In most cases, getting a fleet policy enables you to save a considerable amount of money on your insurance. Not only this, but it makes paperwork much easier to manage.
To effect renewal you may: