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Fleet Insurance

Our Fleet Insurance provides flexibility allowing you to simplify your admin by having just one, single fleet policy to insure multiple vehicles. This means you only have one renewal and one payment plan to manage and we provide a dedicated expert account manager to guide you through the process, available via telephone, email or a virtual meeting to suit you.

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What to look for in Fleet Insurance

  • Multi-vehicle Fleet Insurance from 3 vehicles upwards
  • No limitations on the amount of vehicles covered
  • Add or remove any driver automatically
  • Fully comprehensive, or third party fire and theft options
  • Public & Employers Liability insurance
  • Goods In Transit Insurance

Large or small, if you run 3 or more vehicles, our Fleet Insurance is simple, quick and hassle free.

Fleet Insurance

Features and benefits of the BCD Premier Client team

  • Premier Client classification, meaning your policy is dealt with by a small, experienced and independent fleet team for the duration of your policy term offering a personable experience.
  • No administration fees charged for mid-term adjustments, offering you maximum flexibility for minimal cost.
  • Optional quarterly or half yearly claim reviews to ensure you insurer are dealing with any claims notifications efficiently and in your best interests.
  • Added value products available including fleet breakdown and fleet gap insurance cover

Hire & Reward and Transport Logistics

  • Numerous vehicles covered under one insurance policy
  • Any driver declaration
  • Add and remove vehicles on demand – On hire/Off hire vehicles with ease.
  • Cover various vehicle categories

Business Fleet

  • Multiple vehicles under one insurance policy
  • Any driver declaration
  • On hire/off hire vehicles with ease – add and remove vehicles as you wish
  • Insure multiple vehicle types

Why choose Business Choice Direct?

Running a fleet is time consuming, so you need your Fleet Insurance to be flexible and simple to administer, that’s why we won’t ask you to call us to add or remove any driver. We automatically insure your drivers within the agreed policy driving restriction. The driving restriction means the driver has to be the age agreed with the insurer and they must comply with the minimum licence length. This is also dependent on claims and convictions history.
Best of all, we have no limitations on the amount of vehicles covered. We specialise in road transport, courier and construction vehicles; however, we also provide specific products and prices for many other industries. Whether you operate vans, cars or HGV’s we can cater for most vehicle types.

Fleet Driver
What is Fleet Insurance and why is it important?

Fleet Insurance is a type of cover which is designed for businesses who own multiple vehicles. To save you from having multiple policies, Fleet Insurance allows you to have all your commercial vehicles insured under one policy.

Consolidating insurance into one policy means one renewal date and one payment date, thereby reducing the amount of admin and paperwork that you have to deal with and helps to streamline your operation.

Fleet Insurance can also save companies money, since bulk buying motor insurance from a single provider, may enable you to benefit from substantial discounts, compared with purchasing separate policies for each vehicle from various insurers.

How does Fleet Insurance differ from regular vehicle insurance?

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;

  • Loss or damage to the vehicle.
  • Recovery of the vehicle following an accident or breakdown
  • Replacement locks if keys are stolen
  • Windscreen replacement
  • Windscreen replacement
  • Trailers or equipment attachments
  • Cover for personal belongings stolen from the vehicle
  • Driving abroad
  • Courtesy vehicle during repair
  • 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;-

  • Vehicle theft due to driver negligence, such as leaving the vehicle unlocked
  • Damage to the tyres or body underside
  • Mechanical breakdown.
  • 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.

    Is a fleet policy cheaper?

    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.

    How can I save money on my Fleet Insurance premiums?

    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.

    Who can drive on Fleet Insurance?

    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.

    What types of businesses typically require Fleet Insurance?

    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.

    Fleet Insurance coverage options

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

  • Third-party fire and theft cover – provides protection should a vehicle be stolen or damaged by fire, in addition to the standard third-party protection.
  • Comprehensive Fleet Insurance – protects against any damage sustained to a vehicle covered by the policy.
  • 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.

    What types of vehicle can be covered by Fleet Insurance?

    Fleet Insurance products are available for most vehicle types, including cars, vans, coaches, and taxis. It also extends to non-road vehicles, such as Plant and Equipment, Tractors, etc. An ‘any vehicle’ policy can cover an assortment of vehicle types uses for different purposes and allows for changes in fleet makeup. Note however you need to check the specific cover offered by your policy as Motorbikes, Forklift trucks and excavators may be excluded, as may vehicles not registered in the UK.

    Fleet Insurance for leased vehicles

    When it comes to leasing a vehicle, insurance is not included so you will need to arrange this yourself. Leased vehicles must be insured from the day of delivery to the end of your contract on a fully comprehensive insurance policy. This covers the full cost of repairing any damage to your vehicle, in addition to third-party property, in the event of an accident.

    Is Fleet Insurance mandatory i.e. required by law?

    Because you must have motor insurance to drive a vehicle on roads in the UK, then yes, all fleets are legally required to have a minimum of Third-Party insurance cover.

    If you use cars or other types of vehicles as part of your business, it’s imperative that you take out at least the minimum level of cover on every company vehicle. You don’t have to take out a Fleet Insurance policy – you can choose to insure each motor individually.

    If you have an accident and cause damage or injure someone, or a vehicle or an animal or property, then having third party insurance will cover you. However, it would not cover repair costs to your own vehicle.

    If you don’t have the resources in your business to manage and juggle several different policies then taking out a single policy for all the vehicles in a fleet is the only way to ensure that they all have identical levels of cover and help to reduce your admin burden.

    What factors are considered when calculating Fleet Insurance costs?

    There are a number of factors that impact the level of insurance premium you pay. Key considerations include; –

  • Number of vehicles in your fleet.
  • Age and condition of fleet vehicles
  • Where kept overnight and your location
  • Type and size of vehicle
  • How vehicles are used E.g. Risk factors (Do they carry dangerous waste for example?)
  • How often are they used
  • Driver age profile
  • Your risk management process
  • Claims history – those that have been paid out, and any that are still outstanding.
  • Your fleet claims history is one of the main factors that dictates premium levels. An insurer will request a copy of previous claims from which they will ascertain your claims frequency, what has been paid out in claims and any reserves for unsettled claims. The fewer outstanding claims you have, the better it is for helping to reduce your potential premiums.

    This history will be compared to your industry standards for your specific business and using statistical analysis, they will work out the risk you pose. If your claims prove to be higher than average, your premium will reflect this, or you may even be refused a quote if your claims history is significantly above average.

    Risk is the crucial factor for insurers when deciding premiums. We will work with you to provide evidence that you are taking proactive steps to minimise that risk where possible. Insurers will also look at your risk management process such as whether you use dash cameras, telematics, undertake driver training  and monitoring etc.

    Underwriters will also add on a percentage for ‘catastrophe’ risk; how much will depend on the size of the vehicles in the fleet (larger vehicles have the potential to cause greater damage in accidents) and how they are used.

    Insurers also use Claims Loss Ratio as another rating factor. This is a mathematical calculation that takes the total claims that have been made, divided by the total premiums. Each insurance company formulates its own target loss ratio, and it reflects the amount an insurer has paid out as claims as a % of the premiums paid.

    Factors related to the drivers, which may affect your premiums include:

  • Whether you want an Any Driver policy or a Named Driver policy.
  • The number of drivers on the policy.
  • The age of the drivers
  • Any previous driving convictions of any of the drivers
  • What happens if one of my fleet vehicles is involved in an accident?

    Unfortunately, any fleet accident can be costly, resulting in lack of productivity if a vehicle is out of service., plus potentially leading to an increase in future insurance premiums. In addition, fleet drivers may also have to be hospitalised, while your business may be held liable for damages and injuries.

    Fortunately, our helpful team at BCD are on hand to support you through the claims process. You can read more about “How to make a claim” in our article here.

    It is important to contact your insurance provider, or broker as quickly as possible following an accident. They can advise you on what cover you have and what you can claim for. If possible, take photographs at the scene and support the claim with any telematics data you may have such as dashcam.

    Are there any specific requirements for driver qualifications under Fleet Insurance?

    We can arrange a policy that is on an “Any Authorised Driver” basis, or any driver declaration, which allows anyone to drive an insured vehicle with the permission of the fleet manager or directors.

    If a driver has a conviction such as an SP30 speeding conviction and more than 6 penalty points, insurers may impose special terms for that driver as they pose an increased perceived risk.

    Factors related to the drivers, which may affect your premiums include:

  • Whether you want an Any Driver policy or a Named Driver policy.
  • The number of drivers on the policy
  • The age of the drivers
  • Any previous driving convictions of any of the drivers
  • How does the claims process work for Fleet Insurance policies?

    We provide our clients with a high-quality claims service, we endeavor to ensure that our customers claims are dealt with quickly and efficiently. Simply call our dedicated claims hotline.

    Going through a broker also offers the added security of having an intermediary on your side, who has the expertise, knowledge and experience to support you when dealing with your insurer in the event of a claim dispute.