Surety Insurance

motor breakdown insurance

Cheap Motor Fleet Insurance Policies

For any business whether it’s a small, medium or a large enterprise there comes a time when the business will change and as a result your motor fleet insurance policy will need to be updated. It could be that the vehicle type may need to be changed from cars to commercial vehicles or a mixture of both. Whatever the reason, it can be a tasking time to source and find a supplier of fleet insurance policies that can react to the changes to your business needs. The last thing you want is to spend hours or even days on the telephone to your fleet insurance company trying to get the correct coverage for your fleet. By talking to a broker or an insurer that can quickly understand your requirements will not only save you time but can also save you money.

As with standard private car insurance, the level of covers available on a fleet insurance policy is the same. All three levels of cover can be obtained for your fleet including Comprehensive, Third Party Fire & Theft and lastly the Third Party only cover.

Most fleet insurance companies will also allow you to vary the level of cover for different vehicles. For example, the fleet may have some vehicles that are new purchases and on these vehicles you want to insure them for Comprehensive cover. Certain vehicles in you fleet may be a lot older and the value of these cars in nominal and you can opt for Third party cover for these vehicles. This could save you considerable amount of money on your fleet insurance policy. Obviously many other rating factors exist in qualifying for a cheap fleet insurance quotation.

One of the rating factors on a fleet insurance is the age and experience of the drivers. By limiting your fleet drivers age to a minimum of twenty five years of age could also save you money. If you have one driver that is aged, say 23 years old, you can request that one driver to be added additionally for a premium. Not all insurers will allow younger drivers to be added to the policy, so before taking out a fleet insurance policy confirm with the advisor if the policy will allow adding a younger driver at a later stage.

With most car insurance policies additional optional extras are available. This also applies to the fleet insurance policies. You can opt for a fleet breakdown cover so that all vehicles are covered for breakdown assistance and recovery. Legal expenses policy is another useful add-on to help recover your expenses in the event of a non-fault accident. Courtesy or a replacement vehicle option is another one to consider unless you have spare vehicles in your fleet.

Now fleet insurance is available for many trades including commercial travelling, carriage of own goods, goods for hire and reward (such as couriers), private or public hire (taxi) and haulage. Remember fleet insurers want to see good risk fleet management in place to offer the big discounts. This can include driver training, driver forms, vehicle security etc.

Mobile phone insurance…?

Is the selling of mobile phone insurance in the UK a FSA regulated activity if it has been sold by a specialist mobile phone retailer?

I have never read anything in the FSA handbook that refers specifically to mobile phone insurance. The phone retailers tend to outsource the insurance to regulated insurers or intermediaries which suggest it is regulated.

I have certainly never seen or heard anything that states mobile phone insurance is exempt so i believe it is or should be regulated- although i am not 100% certain.

Carphone Warehouse for example are actually FSA registered.

http://www.fsa.gov.uk/register/firmBasicDetails.do?sid=127031

I am sure if it is regulated you may find more than a few problems in staff following FSA guidelines when they sell the insurance!

Interestingly Carephone Warehouse has already been on the receiving end of FSA fines for failures in it’s systems relating to insurance/ayment protection.

http://www.fsa.gov.uk/register/firmDiscHistoryDetails.do?discHistorySid=1299&sid=127031

Even more interesting is that i took out 2 business phones (in a hurry) with them & the sales assistant added insurance without even asking me a single question- I told him to take it off, obviously but he did not say a word! Which is akin to us normal General Brokers incepting every quote we get without instruction & sending a bill to the client!- not very good practice!

Council to hold public meeting The city Nipawin held regular meetings of the Council, 12 July, Mayor Lawrence Rospad in the chair.