Commercial Vehicle Insurance - Your Life Could Depend On It
Whether you own only a single commercial vehicle
, or whether you own or manage an entire fleet, have adequate insurance cover in place is imperative, over and above the fact that it's also a legal requirement in the UK.Even though it's still possible to visit different insurance companies in person when shopping for commercial vehicle insurance, most companies try to discourage this nowadays by offering certain incentives to those who purchase cover online. For example, most insurance providers will offer attractive discounts if you sign-up for cover via their websites.
This is because when you sign up online, fewer resources are required. The entire online application, from start to finish, can be completed with virtually no human intervention. So, more online applications means less manpower and this in turn means consumers benefit in terms of lower premiums.
Another way to secure affordable insurance is by visiting insurance comparison
websites. These sites will display results from a number of insurance companies simultaneously so that the consumer can compare prices alongside each other. The type of cover you choose will depend primarily on your own individual circumstances.
For example, if your vehicle is relatively old and if it rarely gets used for transporting valuable goods, then you may find third part, fire and theft cover is a good choice, in that it's the cheapest form of cover out there. On the other hand, if your vehicle is still quite new, or if you know it'll cost a lot of money to replace should it get stolen or damaged in a collision, then fully comprehensive cover is something you should be considering. Admittedly, this is the most expensive option, but of course it does provide you with the greatest amount of protection.
If you've not yet purchased you vehicle, then you may want to do a little online research regarding the way in which the make and model can affect insurance costs.This is simply because some models are more likely to be stolen than others. Of course if you've already purchased your vehicle then it's too late, but there are still certain steps you can take in order to keep those premiums as low as possible.
For example, if your vehicle doesn't have an alarm, then you need to get one fitted as soon as possible.You should also consider having an immobiliser fitted, together with a GPS tracking device. Keeping your vehicle locked in a secure area when it's not being used will also help to ensure you get a better deal.
One of the most important things to remember is that it's not only the vehicle you should be concerned about, but also the contents. In the UK, it is estimated that businesses loose more than 150 million pounds each year because of assets going missing due to commercial vehicle theft. After all, more than fifty thousand commercial vehicles are stolen in the UK each year and in many cases, these are stolen purely for their contents.
Apart from the fact that it's mandatory commercial vehicle insurance can provide business owners with much peace of mind. Remember, if you run a business, you more than likely depend heavily on your vehicle. If it gets damaged beyond repair, or if it ends up being stolen, your business could suffer tremendously as a result, particularly if you don't have adequate cover in place.
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