Better Van Insurance Deals for the Credit Crunched

Posted by admin on November 26, 2009 under Uncategorized | Be the First to Comment

A recent Barclays Bank survey showed that 61% of UK businesses believe the recession has made them more efficient.That’s come at the price of an increase in working hours for 43% and recession-related redundancies, none of which will be news to those who own or operate a van or fleet of commercial vehicles.  Rising fuel prices, increased costs of ownership and the uncertain economic outlook made everyone who runs pickups, small vans like Fiesta’s and Renault to Transit vans and larger models seek greater efficiencies and better value for money long before the Credit Crunch really kicked in.

One of the major overheads for anyone whose van is essential to his livelihood is the need to have the vehicle insured to be legal on the road and to cover risks that wouldn’t face non-commercial drivers.  It’s not just road tax, but liability insurance quotes that are the additional expense here.   Commercial van insurance is more than just an elaborate version of business car insurance because vans are often transporting a large and expensive payload.  It’s important to protect against threats to that payload as well as threats to the vehicle.Delivery vans tend to be much bigger than a company car and often operate in tight, busy, city streets. thus increasing the risk of an accident. Physical damage coverage is therefore important and so too is protection against serious injury or even death.

Most business vans insurance providers will offer comprehensive insurance cover for up to five vans and up to fifteen different drivers under a single policy and the best policies also extend that cover to European countries.  More owner/operators are seeking providers that will not penalise start ups by premium or policy excess loadings up front and some of the better companies not only offer commercial van insurance but will also bundle a wide range of business insurance policies, covering everything from office insurance to public liability and professional indemnity insurance in one integrated package.