What is small fleet insurance?
Small fleet insurance covers around three to fifteen vehicles under one motor policy. At this size insurers rate the fleet on its own confirmed claims experience, and mid-term flexibility to add vehicles and drivers becomes a practical advantage.
- Roughly 3 to 15 vehicles
- Add or remove vehicles and drivers mid-term
- Telematics and driver policies attract discounts
- Rated on 3 to 5 years of confirmed claims experience
How small fleets are rated
From roughly three vehicles upward, underwriters price the fleet as one risk using your confirmed claims experience over the last three to five years, adjusted for trade, drivers, mileage and location.
The practical consequence is that one bad year affects the whole fleet, and one good three-year run brings the whole fleet down. Claims frequency across the fleet therefore carries more weight than the rate on any individual vehicle.
Growing without a renewal headache
A small fleet policy is designed to move with the business.
- Add a vehicle the day you buy it and pay pro rata to renewal
- Remove a vehicle when it is sold and receive a return premium
- Add new drivers under the fleet's driver criteria without a new policy
- Take on a temporary hired-in vehicle for a busy period
- Move a vehicle between comprehensive and laid-up cover when off the road
Risk factors insurers consider
Underwriters look at how a small fleet is run as well as what it drives. These are the details they commonly ask about.
- A written driver handbook and a documented licence checking routine
- Telematics or dashcams across the fleet: increasingly expected rather than optional
- Daily walkaround checks recorded for commercial vehicles
- A same-day accident reporting process, which lowers third-party claims costs sharply
- Overnight storage in a secure yard or compound
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.