Although motor fleet policies are more flexible and can encompass a larger array of vehicles, the same general range of covers, listed below, is available to fleet operators as private individuals:
• Third party only policies are legally required in the United Kingdom and only protect against injury, loss or damage to third parties.
• Third party fire and theft policies extend fire and theft cover to a third party only policy.
• Comprehensive policies come with a higher excess but substantially protect vehicles owned by your business or in its custody from accidental damage.
Excess amounts across all three categories of cover will vary depending on the type of work your business does and its level of risk. Insurers rate business’ risk exposure and calculate premiums based on the fleet’s claims experience over the last three to five years and any current trends that can forecast how the fleet will perform in the future.
Because a fleet can consist of five or 5,000 vehicles, motor fleet policies typically offer a more expanded selection of extensions than standard motor policies to accommodate all types of fleets. The following extensions may be available as part of a fleet policy:
• Sonic booms
This list is also not all-inclusive, but it may be possible to obtain cover for these exclusions as an extension of a bespoke policy.
Manage Your Risks
Motor fleets are a diverse group. They can encompass anything from a five-vehicle food delivery business to a multinational office supply company.
The insurance professionals at Inspire Insurance Services have you covered and will work with you to find the most comprehensive cover.
Rely on our expertise to help you craft the perfect bespoke policy that safeguards your motor fleet for years to come.