Looking to grow your business with more vehicles? A fleet insurance any driver policy makes sense if you have multiple drivers who need to use multiple vehicles at any time. We explore the reasons why you may need this policy.
Seeing your business expand is always satisfying. Perhaps you have reached the point where you require more than one vehicle because you have taken on employees or need specialist vehicles to complete certain contracts? You have a legal responsibility to keep all of your vehicles insured and this is when the headaches can begin.
Suddenly, you find that your standard business policy or your usual van insurance policy is not sufficient. You are faced with trying to insure multiple vehicles for multiple drivers and the situation gets very complicated. For your business to continue to grow, you need any of your drivers to be able to legally drive any of your vehicles at any time. One popular way to do this is through a fleet insurance any driver policy.
Which businesses can benefit from fleet insurance any driver policies?
Any business that requires more than one vehicle could benefit from fleet insurance. Some typical examples would be:
– Building and maintenance contractors – typically have teams of tradespeople who need to be able to use any van or lorry to get to jobs over a wide geographic area.
– Taxi companies – drivers may have to use cars of differing sizes and minibuses to fulfil contracts.
– Farms and stock dealers – agricultural businesses operate a wide variety of vehicles which can include quad bikes, tractors, pick-up trucks and stock lorries. Any employee could be required to drive them.
– Delivery companies – routinely have many employees who are required to drive any of the company vans at any time.
What makes fleet insurance a sensible choice?
For many enterprises, fleet insurance any driver policies are the cheapest option. When assessing your insurance premiums, it is important that you take into account the real costs of not having a flexible, any driver policy. This could impact you in the long run in terms of wasted employee time and lost contracts.
You also need to factor in the added administration and ‘hassle factor’ of juggling multiple policies. Of course, the costs of not being insured are immeasurable and this can easily happen with multiple policies. The ‘wrong’ driver could get behind the wheel of the ‘wrong’ vehicle and the results could be disastrous for your business.
Having all of your vehicle policies renewed at the same time makes administration a great deal easier. You also know where you are with the premiums and this makes it easier to budget. Should you wish to make a claim, you need only locate one insurance policy instead of hunting through several.
Choosing the right policy for your business
Not all fleet insurance policies that cover any driver are the same. You will be able to select from a range of options that are applicable to your business. For example, a third party, fire and theft fleet insurance may come with lower premiums but will leave significant capital assets unprotected. If you are financing your fleet, the finance provider will invariably insist upon comprehensive cover.
A comprehensive fleet insurance policy may come with a range of fixed or optional extras such as windscreen cover and cover for personal effects. It is up to you to decide what will work best for your business.
Some businesses need to add specific coverage such as detached trailer cover and European cover. It is important that you assess historical usage patterns, in addition to any changes likely as a result of future plans.
Overall, a fleet insurance that covers any driver can give you peace of mind in knowing that all of your drivers and vehicles are fully insured at all times.