Motor Fleet Insurance

Fleet Insurance meaning: Business Fleet Insurance is a type of cover that incorporates multiple vehicles within your business, which can save you both time and money. A ‘fleet’ is usually defined as being two vehicles or more, and you can add and remove vehicles and drivers as you wish.

This cover can be comprehensive or extend to just Third Party Insurance, which will offer financial protection if damage is made to other road users or their cars.

All kinds of vehicles can be included in a Fleet Insurance policy, not just cars. If you have agricultural vehicles or plant vehicles, these can all be incorporated into a policy that protects your fleet.

To qualify as a fleet, you need at least two commercial vehicles to insure. These can be any type of vehicle, so you can cover a car and a van for example.

At Chris Knott Insurance, we can tailor your Fleet Vehicle Insurance so that it fits the vehicles and drivers in your business and offers the right level of protection for your business needs.

As a minimum, we can provide Third Party Insurance, which will provide financial protection if one of your vehicles damages another vehicle or injures a road user.

We can also offer more comprehensive cover, which will allow you to claim even if your driver is declared to be at fault. Cover can also be adapted to include legal fees and damage to windscreens and windows, among other things.

Our Motor Fleet Insurance policies can cover a whole range of vehicles. These include:

• Vans
• Cars
• HGVs (Class 1, 2 & 3)
• Mobile plant vehicles (sweepers, planers, graders, JCBs, dumpsters, etc.)
• Agricultural vehicles
• Minibuses

Vehicles do not have to all be of the same type to qualify for Business Fleet Insurance. Instead, you can opt for ‘all vehicle’ policies, which can cover a range of vehicles under one Fleet Insurance policy.

When it comes to our Fleet Insurance, you can choose between an ‘any driver’ policy or one that has a fixed number of drivers.

With an any driver Fleet Insurance policy, all of your employees will be insured to drive any of your commercial vehicles. This has the advantage of not needing to update your policy every time a driver leaves or starts working with you. On the flip side, if you have drivers who are young, you may find that they push up the Fleet Insurance cost.

For a fixed policy, you will have to name specific drivers, who will be restricted to drive specific vehicles. If you select drivers with clean histories, this can help to reduce your costs, but your flexibility on who can drive what will be limited.

It is common to find that Fleet Insurance policies restrict the age of drivers. This is because younger drivers are seen as more risky. However, at Chris Knott Insurance, we can negotiate special Fleet Insurance policies to cover drivers who are aged 25 or below. 

All vehicles that use public highways in the UK need Third Party Insurance at the very minimum, but if you have multiple vehicles within your business it can become difficult to juggle multiple policies and more expensive.

If you have two or more vehicles within your fleet, it can therefore be easier and more cost-effective to insure them all under one Corporate Fleet Insurance policy.

If you have several vehicles to insure, it can sometimes be more cost-effective to insure them all on one Fleet Insurance policy. This is particularly the case if you have a very large fleet.

Business Fleet Insurance also has the benefit of giving you just one renewal date and one set of policy documents.

As with all insurances, the Fleet Motor Insurance cost will depend on several factors, including:

• The number of vehicles you want to insure
• The type of vehicles to be insured
• The claims history of your fleet and your drivers
• The age of your drivers
• The amount of time your drivers will spend on the road

To get an accurate Fleet Insurance quote, get in touch with the experienced Fleet Insurance brokers at Chris Knott.