In the UK, it is a legal requirement to have at least the minimum level of insurance coverage as specified by the Road Traffic Act 1988, this is commonly referred to as Third Party Only cover. This ensures that any liability for bodily injury or damage to third-party property resulting from the use of your vehicle is covered.
This is the minimum cover required by law, however it is more usual to include Fire & Theft and Accidental damage to ensure that your investment (or responsibility in the case of leased vehicles) is protected in addition to your legal responsibilities, and to ensure the minimum of interruption to your business in the event of an incident.
Businesses can customize their coverage, excesses, and additional features to suit their specific needs, ensuring they have adequate protection tailored to their operations. Whether it's a delivery service, construction company, or transportation firm, fleet insurance is indispensable for businesses reliant on their vehicles to conduct daily operations.
Fleet insurance caters to businesses that operate a fleet of vehicles (3 or more), providing essential coverage against accidents, theft, damage, and liability claims involving the fleet. From cars and vans to trucks and specialised vehicles, fleet insurance offers comprehensive protection for all types of vehicles.
