Frequently asked questions about Business Vehicle Insurance

Q. Why is Business Vehicle Insurance often more expensive than private car insurance?

The reason why Business Vehicle insurance is often more expensive than private car insurance is due to the perceived risks. Vehicles which are used for business purposes are considered to be used more frequently. In many cases they tend to clock up more mileage than that of a private user, therefore the insurer considers the chances of claims being made on a business vehicle to be higher than that of a private user.

Q. Is it possible to get group vehicle insurance?

Many insurers offer a policy which will provide cover for a number of vehicles in any one time period, it is known as Fleet insurance. The vehicles can be a mix of cars, vans etc and can there can be anything from as little as 2 vehicles to qualify for this insurance. It is available in the same format of third party only, third party fire and theft and fully comprehensive. If a company is wanting to insure a number of vehicles, fleet insurance often provides the most cost effective option.

Q. Are no claims bonus valid for use on Business Vehicle Insurance?

This will depend on the insurer, but most insurers will take account of your private no claims bonus when calculating your premium for Business Vehicle Insurance. It is important to ask your private car insurance company to give you written confirmation of your no claims bonus. This will help speed up the process of calculating your new premium.

Q. Is the Business Vehicle Insurance industry regulated?

Yes, the F.S.A is an organisation who has set down standards and work ethics to ensure the information and advice being offered is of a professional nature. They have a website with lists of registered insurance providers. Any person or company you use for insurance should be registered with this organisation.

 

Guide Contents

Business Vehicle Insurance
Different types of Business Vehicle Insurance
Finding the best Business Vehicle Insurance
Finding competitive Business Vehicle Insurance
Frequently asked questions about Business Vehicle Insurance
Where to get more help and advice about Business Vehicle Insurance

main menu << previous page  next page >>