INSURANCE FOR BUSINESS | VEHICLE RISKS

Fleet and Commercial Vehicles

A fleet insurance policy can normally be set up for your business if it uses 2 or more vehicles that are dedicated or mostly used for business use. Insuring all of your business vehicles under one policy, gives you flexible cover, pricing and eases administration worries and ultimately saves you time.

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Why choose us?

Risk Management Approach

Helps reduce accidents and ultimately lower premiums.

Dedicated Team

Account executive, handler and claims support team.

Access To A Wide Panel

To get the best cover for you at a competitive price.

Driving Down The Cost Of Claims

Insurers continue to see a rise in the cost of dealing with motor claims.

As these costs rise then insurers have no choice but to pass on these costs to policyholders. Prompt notification to your insurer of any road accident, especially if there is damage to another vehicle and/ or injury to a third party, can help to put your insurer on the front foot.

The quicker that your insurer becomes involved then the more chance of reducing the cost of the claim.

Driving Down The Cost Of Claims

Insurers continue to see a rise in the cost of dealing with motor claims.

As these costs rise then insurers have no choice but to pass on these costs to policyholders. Prompt notification to your insurer of any road accident, especially if there is damage to another vehicle and/ or injury to a third party, can help to put your insurer on the front foot.

The quicker that your insurer becomes involved then the more chance of reducing the cost of the claim.

Early Notification and Good Risk Management

R K Henshall work with all of our fleet clients, to encourage early notification and good risk management. Taking simple steps such as using your camera phone to taking pictures of the accident scene, and the damage to a third-party vehicle can make such a difference to your insurers and reduce your fleet insurance costs in the long run.

Covers to Consider

Your vehicles can be insured on the following different basis:

Comprehensive. As the name suggests this is the widest form of cover as it covers any damages to your vehicles caused by theft, accident and fire. It also covers you if you damage a third-party vehicle or cause an injury to a third party.

Third Party Fire and Theft will cover you if you damage a third-party vehicle or cause injury to a third party. It also covers your own vehicles against fire damage, theft, and damage caused during an attempted theft.

Third Party Only. Third party car insurance is the minimum level of cover you can take out – it is a legal requirement. The term ‘third party’ refers to a person involved with a car insurance claim who is not you – (the holder of the policy or the driver). So this is usually the other driver involved in an accident. A third party car insurance policy ensures that if you cause an accident, any damage to the other person’s vehicle or property will be paid for by your insurer. However, damage to your vehicle will not be covered, and you will need to pay the bill yourself to get things fixed. You are also unable to make a claim if your car is damaged by fire or stolen.

Age Restrictions

Most fleet policies are arranged on an Any Authorised Driver basis which means that anyone can drive with the permission of the company/directors. Depending on the age profile of the drivers within your business then insurers may wish to restrict driving either to Named Drivers only or restrict driving to drivers over 25 or over 30.

‘Declaration ‘Basis or’ As and When ‘Basis

If you have a fleet of vehicles where the schedule of vehicles changes on a regular basis then instead of having to notify your insurer every time there is a vehicle change you can opt to complete a quarterly, half yearly or even annual declaration instead. The policy will automatically include any vehicle which is purchased, acquired or deleted by the company in the intervening period without having to notify your insurers. A declaration of any changes is then completed for the agreed period and the premium is adjusted accordingly.

Optional Breakdown Cover

Some policies offer optional breakdown cover.

 

To discuss any aspect of your insurance requirements with us, please contact us and one of our dedicated Account Executives will be in touch to assist you further.

 

 

 

Recent Insurer statistics have highlighted the fact that the longer you delay in notifying insurers about a vehicle claim involving a third party then the cost of the claim could rise dramatically. Data supplied by insurers shows claims costs rising by up to 10 times in some cases.

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R.K. Henshall © 2021

R K Henshall & Co Ltd are Independent Intermediaries and are authorised and regulated by the Financial Conduct Authority. Directors: J.R. Henshall B.A.(Hons) ACII Cert CII (FS), A.J.Simpson ACII, T.R.Dredge DIP CII, A.Brown FCCA. Director/Company Secretary R.K. Henshall ACII. Registered No. 1285024

R K Henshall are very proud to support Lupus UK. Lupus UK is a charity very close to our hearts. Unfortunately, Nita Davies who had been a stalwart of our company from it’s very beginning lost her battle against this terrible illness in 2013. Lupus UK is the only National Charity which supports people with the immune system illness. (Registered charity nos. 1051610, SC039682) Click here to read more about Lupus UK.