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How does commercial vehicle insurance work and protect me?

Date Added: November 18, 2011 07:48:40 AM
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Category: Insurance directory

How does commercial vehicle insurance work and protect me?

Get the ultimate guide to cheaper commercial vehicle insurance. Learn about cheaper commercial vehicle insurance in 3 minutes flat. Cheaper commercial vehicle insurance tips to save money. How do I get cheaper commercial vehicle insurance?

Commercial vehicles are normally for businesses of all kinds whether small, medium or large. Even group companies will require commercial vehicles to be insured. Commercial vehicles are:

•    Cars
•    Estate cars
•    Vans
•    Trucks
•    Construction plant

Commercial vehicle protection is required to cover the following risks:

•    Accidents
•    Breakdown cover
•    Fire hazards
•    Legal expenses cover
•    Theft
•    Third party claims
•    Vandalism

For commercial vehicles, the insurance broker will need to assess:

•    Countries travelled to
•    Distances being travelled
•    Goods being carried
•    The type of business
•    Value of the vehicle or fleet

Discuss the following with your insurance broker to lower the cost of your premiums:

•    Security devices installed
•    Tracking systems installed
•    Tools being stored elsewhere and not on the vehicle
•    The vehicles being parked in a garage or secure compound
•    There is a security guard available at the compound
•    The various levels of excess which could be marginally increased to lower the premium values (part self insured)

The drivers should have a good safety record and retraining should be given for extra safety to drive in all whether conditions.
Adjust the excess to see if the premiums result in any additional savings.

Read the commercial vehicle insurance term and conditions carefully and store the documents in an easy to find place.
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