In an article published on the 22nd of November 2016, fleet management innovators Intelligent Telematics described the ways in which technology, such as on-board cameras, may help to improve the success rate in settling claims resulting from road traffic accidents.
To take maximum advantage of any such technology, however, it is important to choose the appropriate company fleet insurance for your business in the first place.
Just as you are likely to before buying any goods or services, this is likely to involve a comparison of the various company fleet insurance policies on the market. So how might you go about doing just that?
Do it yourself
If you have the time, patience and energy, you might map out just what company fleet insurance you think you may need and scour the market for those products that seem to offer what is required.
Even with a specialist, niche product such as company fleet insurance, however, you are likely to be surprised – and potentially overwhelmed – by the sheer range of policies available. Choosing the one that most closely matches your needs might prove more difficult than it first appeared and the cost of getting it wrong might cost your company dear.
Turn to us here at Alan Blunden Fleet Insurance, on the other hand, and we are in a position to do a thorough job in comparing company fleet insurance on your behalf.
Before doing so, we put the time and trouble into understanding your precise insurance needs by asking about the size of the fleet you operate, the type of vehicles it comprises, and the general use to which your vehicles are put.
This allows us to scour the market offered by our panel of more than 15 independent insurers and to compare and identify those quotes likely not only to match your particular business needs, but to do so at a competitively priced rate.
Comparing like with like
In any exercise such as this, it is important to compare like with like – something which might once again prove somewhat difficult to do, given the wide range of different fleet insurance policies available and the different elements of cover each one might incorporate as standard or as optional extras.
How many vehicles do you need to be insuring in order to qualify for fleet insurance, for example? In some cases, it might be as few as three or more; in other cases, it might need to be more than or four.
Some policies may offer the replacement as new any vehicle which is less than a given age – say, three years old – and stolen or written off in an accident. Is this likely to be an important safeguard for the protection of new vehicles in your fleet?
Similarly, is a free replacement courtesy car or van likely to be helpful to you if one of the insured vehicles in your fleet is laid up in the garage undergoing repairs following an accident.
These, and several other, elements of the cover being offered are all factors you might want to take into consideration when comparing company fleet insurance.