What is commercial fleet insurance?
Commercial fleet insurance covers vehicles used to carry goods, equipment or paying passengers, vans, tippers, HGVs and specialist vehicles. Cover is arranged either for own goods or for hire and reward, and the distinction has a large effect on price.
- Light commercials through to articulated HGVs
- Own goods and hire and reward bases
- Goods in transit and haulage liability can be added
- O-licence details needed above 3.5 tonnes
Vehicles a commercial fleet policy covers
A commercial schedule can carry almost anything with a plate, provided the underwriter has the details.
- Panel vans, Luton vans and pick-ups
- Tippers, grab lorries and flatbeds
- Rigid and articulated HGVs
- Refrigerated and temperature-controlled units
- Trailers, plant and special types
Own goods or hire and reward
This single distinction changes the price more than almost anything else. Own goods means you carry your own stock, tools or equipment. Hire and reward means you carry other people's goods for payment, which brings haulage liability into play.
Declaring the wrong basis is one of the most common causes of a declined commercial fleet claim, so it is worth getting right at quote stage.
Cover extensions worth considering
Commercial fleets usually need more than the motor policy alone.
- Goods in transit cover for loads carried
- Haulage or carriers' liability where you carry for others
- Tools and plant cover for equipment kept in vehicles
- European use extension for continental work
- Breakdown and recovery suitable for laden commercial vehicles
Why choose Fleet Cover UK?
One policy, one renewal and a specialist who takes time to understand your business. The team at Broker Zone can discuss your vehicles, drivers and requirements, explain suitable options and help you decide on the next step.
Insurance services are provided by Broker Zone Ltd, an appointed representative of Gauntlet Risk Management Ltd. Cover is subject to insurer acceptance, terms, conditions and exclusions.