September 21, 2018

The benefits of multi-car insurance for business users

If you run a business with a number of staff with company cars, then it is sensible to consider multi car insurance from commercial vehicle insurers as it can save you a good amount of time and money. These policies have been popular with business owners, because they have a good amount of flexibility in the choice of the cover. For instance, there are policies which allow you to insure an employed driver over a certain age (usually either 21, 25, and 30), and will vary depend on the circumstances of the drivers (for example, the employee’s license, whether they have claimed before, alongside any convictions). Naturally, a policy will be more expensive for commercial vehicle insurers to cover more risky situations, such as those without a clean license, and for covering a younger age bracket. So you may want to bear this in mind when applying for insurance, and an easy way to reduce the cost on your behalf is to include an older age bracket. Some insurance policies will be based on the type of vehicle, and prices will vary depending on whether the vehicle is a van or not, and the size of the vehicle, and license needed to drive the vehicle.

If exceptions need to made, for instance, an employee who falls below the age bracket for your insurance, or has a history of insurance claiming, then this driver would need to be approved in exception by your provider before they are able to drive the vehicle. If you do not follow this procedure, then you will not be insured for that employee in the case of an accident involving that driver.

There are commercial vehicle insurers which provide an ‘any driver’ policy, which is far more convenient but more expensive, as it covers any employee who needs to drive a company vehicle without the notification of any new drivers needed. Some insurance policies will offer multi car and multi driver deals, which will allow up to 4 drivers and 4 cars to be covered under the same policy, though the same age restrictions usually apply, and this cover works best for small companies and firms.

Brought to you by Blue Angel Tech. Why not visit us to obtain quotes from commercial vehicle insurers offering multi-car discounts.

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