Insuring a commercial fleet is always a difficult task. Compared to private cars, commercial ones are more prone to road accidents. The owners of private cars are far more responsible in driving for the sake of their own cars which is generally not the case with hired vehicles. Here, the drivers are hired and care less for the safety of the vehicles. Also, the drivers have to go long distances and drive for long hours of the day. Health issues or simply lack of concentration due to mental fatigue can cause a lot of road accidents as compared to the private cars.
Getting single insurance policies difficult
These are all the reasons why commercial fleet is difficult to get insured. Above it, if somebody asks for insuring the whole fleet under a single policy, it may raise the bar even higher! Either the premiums go up to very high values or the insurers simply say no to such requests.
However, single insurance policies can come with certain benefits for the clients like:-
- It can save a lot of effort in renewals as a single date will be there for the whole fleet.
- It can save subsequent time and money.
- It is easier to manage and handle.
Where can we get single policy insurance for commercial fleet?
There are very few insurers who offer such policies although the number has been increasing as of late. In the UK presently, http://insure-fleet.co.uk is an agency offering such policies. Here, one can insure the whole fleet under a single policy provided there are 4 or more cars in it. Along with this Fleet insurance also comes the value added services like:-
- Training for drivers to acquire clean license.
- Risk assessment of the fleet.
- Night parking slots for insured vehicles that are safe.
- Installing vehicle tracker, immobiliser, alarms and dashboard cameras inside the insured vehicles.
This saves a lot of manpower that was earlier required to devote time in managing the fleet insurance. Thus, a client can cut a lot in its overhead costs that continually eat into the profit.
One can always appreciate the fact that these single insurance policies are lesser in cost than the individual policies for each car in the fleet. However, the premiums may vary based on certain features availed for the insured cars like windscreen protection, type of policy (comprehensive or third party), number of claims made in a year, driver records and ages, etc.