FAQ: Fleet

Fleet Insurance is a specialist type of commercial insurance policy, so it isn’t available through all insurance providers. As a specialist broker, BCD are industry experts, familiar with all the types and levels of cover available.
Overall, a Fleet Insurance policy offers similar coverage to a standard car or vehicle policy, plus some additional features designed for business needs.

A Fleet Insurance policy can cover aspects such as;

These features are available from most Fleet Insurance providers, either as standard or as optional extras.

You will need to check specific exclusions, for example Motorbikes, Forklift trucks and excavators tend to need specific cover.

In addition, Fleet Insurance policies cannot cover all types of claim.

It would not for example cover;-

Fleet Insurance covers multiple vehicles. The number of vehicles considered a fleet varies according to the provider. For BCD that number is 3 or more. The vehicles can be registered in the company name, partner or director of the company, allowing one policy to cover all your vehicles with the business. It can be more cost effective than insuring each individual vehicle separately.

Whilst quantity-based discounts may be available, a fleet policy is not always cheaper, each risk is looked at on an individual basis and our insurance experts will be able to review your requirements and offer further advice and information on prices. However, we may be able to find you more extensive cover and get exclusive deals not advertised to the public.

Agreeing to have a higher excess on your policy may help to lower the premiums. We will discuss your fleet claims experience as this will impact the premiums you pay. Demonstrating that you have a robust risk management strategy in place and undertake aspects such as driver training and the use of onboard telematics, can also help to reduce premiums.

Fleet Insurance policies are limited to the vehicles that you specify under the policy. The vehicles cannot be used for any other business use other than which is stated on your policy. In most instances, any driver that your business employs can drive on your Fleet Insurance without you having to update your whole policy.

Fleet Insurance can be effective for a wide range of business types, spanning most sectors. BCD can access a range Fleet Insurance options available on the market which cater specifically to particular industries, such as Taxi Fleets, Light Goods Fleets and Minibus Fleets.

We can even help you with Hazardous Good Fleets Insurance, where a fleet is used to transport hazardous materials such as toxic waste, chemicals, biological waste or radioactive materials.

Carrying these materials has a high risk, which is why a specialist hazardous goods Fleet Insurance policy is needed that is tailored to provide the specific cover suitable for the nature of your cargo.

Business Fleet Insurance is a more general, flexible Fleet Insurance policy which can cater to a range of businesses, using their vehicles for different purposes.

A minimum of three commercial vehicles is required for our Fleet Insurance. There are no limitations on the number of vehicles we can get covered. No matter what size of business you operate, if you have 3 or more commercial vehicles, we can offer affordable Fleet Insurance for both small and large businesses.

If you are a business that uses company-owned vehicles such as company cars for your employees, or you have a fleet of company vans undertaking deliveries around the country then a Fleet Insurance policy will help you manage all your vehicles.

Fleet Insurance enables you to cover all the vehicles your business operates under one policy.

Individual Fleet Insurance policies can cover multiple different types of vehicle. Typical cover options include;-

If you opt for a comprehensive level of cover, you typically have insurance for your drivers as well.

For this to be taken out, you will need to provide detailed information about the drivers on your policy to create a bespoke quote.

If you want to name drivers on your policy, you have to provide information about each employee that may drive your vehicles, including their age and claims history.