What is covered or included in a business vehicle insurance policy?
As with personal vehicle insurance, you can take out three types of business vehicle insurance – Third Party Only, Third Party Fire and Theft, and Fully Comprehensive. Usually, we’d really only recommend Fully Comprehensive for business use.
Sometimes spouses are covered under commercial vehicle insurance policies automatically, but other times they are not. Similarly, where you have people working for you who may need to drive the vehicle(s), cover can be arranged to accommodate that.
How much does business vehicle insurance cost?
This depends on a number of factors. Firstly, what sort of vehicle it is as well as the age of the drivers and their own driving history. Beyond that, insurers will want to know how many miles the vehicle will be doing annually, as well as what sort of driving – ie. motorway or just local roads.
Other insurance to consider when buying commercial vehicle insurance
When taking out your business motor policy, there are a range of extensions and additional covers that you may wish to consider. Breakdown cover might be appropriate, as might goods in transit and insurance for possessions in the vehicle. To find out more, call us today.