A Quick Guide to Commercial Van Insurance
As with any purchase, choosing the right product is crucial if you rely on it for the efficient running of your business.
So we've put together a a quick guide to explain how to go about finding the best van insurance for you.
Choosing the right van insurance policy could mean the difference between continuing with business as usual or being crippled and not able to provide the service your customers are accustomed to.
When buying van insurance the most important thing to think about is the potential affect on your business if your van were to be stolen or damaged.
How expensive would it be to repair? Will time off the road result in loss of business earnings? What do you use your van(s) for and does this require any special cover? Your answers to those questions will stipulate how much you're willing to pay for your van insurance and - crucially - what cover you must include to make the insurance cover worthwhile (rather than just a legal requirement).
For example, many fully comprehensive van insurance policies will cover the cost for you to hire a replacement vehicle whilst yours is being repaired or a claim settled.
This would allow you to continue to operate a normal service.
Depending on your business and what you use your van for, you may find that you need a specialist type of van insurance or simply an added extra to a standard policy.
For example, you may carry valuable equipment, goods or hazardous materials which need specialist protection.
This is not normally included in a standard or cheap van insurance [http://uk.
insurancewide.
com/insurance/van/] policy.
Likewise, if you carry passengers (a taxi service, minibus or limousine) you are likely to need insurance for that too.
Once you've got a picture of what you need from your policy, you'll want to make sure you have found the best deal.
Commercial van insurance is usually higher than private car cover due to higher accident rates and repair costs.
But you can still save money on your van insurance.
Parking your van on the street overnight will have a significant impact on your premium.
Alarms, deadlocks and trackers can all help to reduce your premium but make sure you measure the cost against the saving on your van insurance over the number of years the vehicle will be in service.
It's always tempting for a company to simply increase the excess to reduce their van insurance quote.
But make sure you never set the combined voluntary and compulsory excess higher than you could afford payout at any given time.
So we've put together a a quick guide to explain how to go about finding the best van insurance for you.
Choosing the right van insurance policy could mean the difference between continuing with business as usual or being crippled and not able to provide the service your customers are accustomed to.
When buying van insurance the most important thing to think about is the potential affect on your business if your van were to be stolen or damaged.
How expensive would it be to repair? Will time off the road result in loss of business earnings? What do you use your van(s) for and does this require any special cover? Your answers to those questions will stipulate how much you're willing to pay for your van insurance and - crucially - what cover you must include to make the insurance cover worthwhile (rather than just a legal requirement).
For example, many fully comprehensive van insurance policies will cover the cost for you to hire a replacement vehicle whilst yours is being repaired or a claim settled.
This would allow you to continue to operate a normal service.
Depending on your business and what you use your van for, you may find that you need a specialist type of van insurance or simply an added extra to a standard policy.
For example, you may carry valuable equipment, goods or hazardous materials which need specialist protection.
This is not normally included in a standard or cheap van insurance [http://uk.
insurancewide.
com/insurance/van/] policy.
Likewise, if you carry passengers (a taxi service, minibus or limousine) you are likely to need insurance for that too.
Once you've got a picture of what you need from your policy, you'll want to make sure you have found the best deal.
Commercial van insurance is usually higher than private car cover due to higher accident rates and repair costs.
But you can still save money on your van insurance.
Parking your van on the street overnight will have a significant impact on your premium.
Alarms, deadlocks and trackers can all help to reduce your premium but make sure you measure the cost against the saving on your van insurance over the number of years the vehicle will be in service.
It's always tempting for a company to simply increase the excess to reduce their van insurance quote.
But make sure you never set the combined voluntary and compulsory excess higher than you could afford payout at any given time.
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