What is motor fleet insurance?

Companies typically start considering motor fleet insurance (often referred to as a fleet policy) (as opposed to insuring individual vehicles) once they have three or more vehicles to cover.

Why have a fleet policy?

While Fleet policies are rarely cheaper than individual policies, you do get a far enhanced coverage for your money:

• Streamlined administration
• Operational efficiency
• Claims management service
• Uninsured loss recovery (if included)

Motor Fleet Insurance Administration

Running a fleet of vehicles can create a huge administrative burden with Insurance a significant part of that. Having one policy and a single renewal date can significantly reduce the time to manage your fleet insurance. Similarly, consistent policy wording and a managed claims process can prevent nasty surprises and reduce the time demands on your fleet manager.

Other benefits of a fleet policy

Most fleet policies have an “any authorised driver” wording allowing your fleet to be operated most efficiently though it is worth noting that generally drivers under 21 will need specific permission from the insurer. Most policies will also have an unlimited mileage approach which can be crucial for certain industries where daily driving is standard.

What factors affect the cost of a Fleet policy?

Whilst all the normal factors affecting car insurance still apply, by far the most important factor determining the competitiveness of the premium will be claims experience. A proactive approach to risk management and encouraging safe driving will be well received by underwriters in addition to helping you keep staff safe. The statistics from the UK road networks show that the day-to-day risk of driving on the UK’s roads remains high, so comprehensive cover alongside conscientious driving is essential.

Are all fleet policies similar?

Most fleet policies will have more similarities than differences and the advantages of one insurer over another are often quite nuanced. Of all your business insurances your fleet is the one you are most likely to claim against. It is also the one that will require the most administration to keep your cover up to date. A well-resourced, reputable insurer with effective administration and a positive claims process can help make your lives easier.

Having a proactive broker can help you streamline the administration further and help ensure that your cover is never compromised by errors or omissions. At Pelican we have extensive experience in fleet insurance. This helps achieve the most comprehensive cover at a great price and helps you successfully navigate any claims when the need arises.

Finally, of course, you would receive the legendary friendly and exceptional service from the fabulous team at Pelican!