Benefits of Motor Fleet Insurance Policy Over Individual Vehicle Insurance

ByNate Rodnay

Almost every business uses commercial vehicles to run its business operations efficiently. Like any other physical asset of the business, these vehicles are very valuable and should be insured. When it comes to insuring the commercial vehicles, business owners have two options. They can get individual insurance policy for each vehicle or cover all the vehicles in one comprehensive policy. In this article, we will discuss on this topic in detail and see which one is better.

One thing is for sure, you should get your commercial vehicle insured. According to Continuous Insurance Enforcement (CIE) law, every registered vehicle must have valid insurance at all times. This law in UK, states that it is an offense to keep vehicles without insurance and a huge penalty will be imposed on vehicle owners for not having insurance for their vehicles.

Though this law is not introduced in Northern Ireland, still it is mandatory to have adequate insurance cover for any motor vehicle that is used or left on a public highway. So, if your business uses vehicles, it is legally necessary to have vehicle insurance.

Motor fleet insurance policy
Now that we are clear about the importance of insurance policy, we need to look for the options. As discussed earlier, we can either take individual insurance policies or go for a single policy, where several vehicles of any type are covered. Also called as motor fleet insurance, the latter one is a good option for companies having four or more commercial vehicles. However, the former option (individual insurance policy) is suitable for businesses with one or two vehicles. If your business has more than three vehicles, consider choosing motor fleet insurance. Here are its benefits.

Benefits over individual policy
There are many benefits of fleet insurance policy over individual vehicle insurance. This policy simply ensures that each and every vehicle of the business is outlined in a single policy.

Avoids the hassles of handling different insurance policies: Fleet insurance not only provides the benefit of covering all vehicles under a single policy, but also helps you stay away from the issues that arise while handling various insurance policies. You need not worry about the renewals of each and every individual policy of different vehicles. It is easy to handle fleet insurance - all vehicles will have single renewal date; single set of options and conditions; same process to claim, etc.

Provides coverage for the insurer/driver: Many fleet insurance policies also cover the insurer/driver, which is a must have in today's environment. Also there are cost implications to fleet vehicles with younger drivers. So, the premium rates may depend on the scope of the driving restrictions requested.

Saves time and money: Motor fleet insurance provides major benefits in terms of money and time. Since many vehicles are covered in a single policy, the premium will certainly be less than the sum of individual insurance policy premiums. Since all vehicles are covered under one policy, you can save a lot of time on tracking and maintaining various policies.

Get better deals from reputed brokerage firms
It is always better to approach reputed brokerage firms when planning to go for a motor fleet insurance. They will have contacts with many insurance companies that offer motor fleet insurance. Remember, not all companies offer motor fleet insurance. These brokerage firms compare the quotes from various companies that offer this insurance and tailor the policy to the needs of your business.

Having understood the benefits, it is wise to choose for a motor fleet insurance policy for your business. Depending on the requirement of your business, you should ensure adequate cover for your vehicles.

Keystone Insurance Group is Ireland's premier supplier of public liability insurance and business insurance solutions to Irish industry. Our experienced and professional team quickly arranges quotes for all classes of business insurance.

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Nate Rodnay

Email Address:SubscribeCar Auto Article FeedFind More ArticlesSearchSimilar ArticlesThe Coverage Scope Under Motor Trade InsuranceGetting Your Insurance Quote At The Click Of A MouseDo You Have Enough Insurance Cover?Looking for Directors and Officers Insurance?Private And Public Hire Vehicles, Coach, MPV Or Minibus Operators Face Additional RisksFor Varied Courier Businesses, Custom Protection Insurance May Be NeededThe Courier Business Can Carry Many Risk ExposuresWhy Does Cab Driver Insurance Cost More Than Usual Policies?Different Types of Insurance For Courier VehiclesTaxi Insurance ConsiderationsRecent ArticlesObtain The Right Protection For The VehicleCar Insurance for Young Drivers: Boys Vs GirlsGreat Reasons To Keep Up With Changing Insurance LawsHow to Search for the Perfect Car Insurance for YouHow Being A Responsible Driver Can Save You Money On Automobile CoverageColors and Cars: Does It Matter?Dangerous Car RecallsWhat Is Van Gap Insurance?Getting a "Designer" Traders Car Insurance PolicyTips for Efficient Auto Insurance ComparisonSubmitted On March 07, 2012. Viewed 1 time. Word count: 608.

MLA Style Citation:
Rodnay, Nate".".7 Mar. 2012EzineArticles.com.8 Mar. 2012 .APA Style Citation:
Rodnay, N. (2012, March 7). . Retrieved March 8, 2012, from http://ezinearticles.com/?Benefits-­of-­Motor-­Fleet-­Insurance-­Policy-­Over-­Individual-­Vehicle-­Insurance&id=6892478Chicago Style Citation:
Rodnay, Nate "." EzineArticles.com. http://ezinearticles.com/?Benefits-­of-­Motor-­Fleet-­Insurance-­Policy-­Over-­Individual-­Vehicle-­Insurance&id=6892478EzineArticles.com© 2012 EzineArticles.com
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An All-In Fleet Insurance Policy Beats All!

ByMartyn Piper

In the early days of running a business, the idea of making a profit can seem a long way off. From a little port-a-cabin, tucked away in the back of a parking lot-cum-builders yard, my brother and I stared lovingly out of the Perspex window at the two, beat up but shiny, blue Vauxhall Cavaliers parked up outside as we waited like a spider in his web for the next unsuspecting customer. Roof signs, meters, printers, and intercoms; in fact, we had all the paraphernalia: receipt pads, coin holders, forged note detectors, even vomit cleaning kits!

The phone too was eerily silent and we looked at each other with a nervous uneasiness wondering if all our best laid business plans were way off the mark. I remember the first time the phone rang and the two of us, petrified, willed the other to answer. After leaving it ring for an inordinate amount of time, I picked up the phone, "Kilco Kabs, Can I help you?" but it was the wife! I could have throttled her. But from little beginnings great oaks are born and with the help of the friendly Bank manager and a rock solid business plan we were well placed to take the taxi market by storm.

It wasn't long until the phones were hopping and the pair of us were out on the road full time, day and night. We hadn't bargained on the speed at which the business would grow, but it was a good complaint, necessitating the immediate need for a full time base radio operator. We were like two kids with new toys, polishing and cleaning our cabs, making sure they were as inviting as our own living rooms. With a real sense of pride, we worked continuously, and with that dedication, resolve and foresight, our little business did grow.

One of the most important factors that we had to consider was the area of fleet car insurance. It's one thing insuring two cars, but when you are talking about fifty it's a whole different matter. From our humble beginnings in the builder's yard off the high street, we were now comfortably ensconced in state of the art reception rooms, complete with waiting areas, coffee machines and plush toilet facilities for our frequent queues of customers, particularly at pub/club closing time. Our fleet of cars was the envy of the smaller operators and we were healthily smug, yet realistic. Very aware that the rug could be pulled so easily form underneath our feet we were not complacent in any way and were constantly looking at ways of reducing our overheads.

An online search brought us to the sometimes, complex area of fleet car insurance. This can be a make or break situation, and quotations from different companies varied wildly. The single policy cover was attractive, tailoring the fleet insurance to cover differing cars of differing ages, horsepower, engine size, drivers etc. Expert advice was spot on and their advice saved us a lot of hassle, time and worry.

Our fleet insurance policy covered other types of insurance all wrapped into the one policy, so we didn't have to set up different ones that can often result in paper trail nightmares when things go wrong. And believe me, when you have 50 cars out on the road 24 hours a day, thing do go wrong. The 'quick quote' online section on the website gave us immediate results with excellent value for money - so much so that we entered into immediate negotiations, which resulted in a policy that no one else could match.

"Martyn Piper is an expert on automobile insurance and after working within the industry for many years he now writes and shares some of that wealth of knowledge on a variety of insurance products such as obtaining the best rates on fleet insurance and the benefits of fleet car insurance."

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Martyn Piper

Email Address:SubscribeCar Auto Article FeedFind More ArticlesSearchSimilar ArticlesWho Should Get Commercial Car Insurance?Car Insurance Online: The Role of Multi-Car Insurance"Online Car Insurance" - Your Practical Guide to Online Car InsuranceTemporary Car InsuranceThe Best Auto Insurance Quote For Your Business - Car Insurance TipsGet the Best Cheap Car Insurance Quotes - Affordable Auto InsuranceDriving On Daisies - Biofuel and Car InsuranceQuick Facts on Missouri Car InsuranceShort Term Car InsuranceCar Insurance For Small Businesses - Lowering Your RatesRecent ArticlesAuto Insurance - Describing Insurance BenefitsGirly Men Save On Car InsuranceGap Insurance - To Defer or Not to Defer, That Is the QuestionAffordable Car Insurance for Teen DriversBenefits of Short Term Car InsuranceSaving Money on Car Insurance TipsCar Insurance - What You Need to Know About ItMerits Of Car InsuranceCar Insurance Advice That Is Proven BeneficialThe Hidden Costs of Car InsuranceSubmitted On February 29, 2012. Viewed 0 times. Word count: 599.

MLA Style Citation:
Piper, Martyn".".29 Feb. 2012EzineArticles.com.2 Mar. 2012 .APA Style Citation:
Piper, M. (2012, February 29). . Retrieved March 2, 2012, from http://ezinearticles.com/?An-­All-­In-­Fleet-­Insurance-­Policy-­Beats-­All!&id=6911848Chicago Style Citation:
Piper, Martyn "." EzineArticles.com. http://ezinearticles.com/?An-­All-­In-­Fleet-­Insurance-­Policy-­Beats-­All!&id=6911848EzineArticles.com© 2012 EzineArticles.com
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Benefits Of Taxi Fleet Insurance

ByPinaki D Jena

Taxi vehicles are the vehicles that people use to commute from one place to another. Taxi services, both private and public, have helped a lot in our fast and furious times. But it is not enough simply to deliver the taxi services to the general public. It is also about making sure that your taxi business lasts and the people are safe and secure. To ensure this, most private and public taxi businesses opt for the taxi insurance facilities. But while the normal taxi insurance would have its benefits, have you ever heard about taxi fleet insurance? Well, it is the insurance coverage that is provided to all the vehicles in the fleet rather than just the individual vehicles.

When you own a taxi business, expect that there are going to be a number of vehicles and, hence, a number of drivers as well. So, when they decide to get themselves and their vehicles insured, they would do everything on their own. Now, this procedure is good but it takes a lot of time. The drivers also have to provide ample documents and other things to make their insurance policies active. Instead of such a time consuming affair, choose to get a whole fleet of vehicles and drivers fully insured. This saves a lot of time.

Co-related to the time that is usually taken, is also the effort of the drivers and owners of vehicles. This is because of the individual taxi insurance programs. They make it clear that the drivers have to do everything to insure themselves against the damages and injuries. So, they will have to go to offices and submit their applications and then be back again for the inquiries. But this will not happen if the business opts for an entire fleet insurance program. It will take only one visit to the insurance companies to fulfill all the important documents and other legalities.

There are other advantages. One is that the entire taxi fleet management has proper and thorough access to the records of the drivers. This means that the management will be ready with the driving records of employees. This will make the application procedures for the entire taxi fleet much easier than ever. Another thing is that taxi fleet insurance saves money along with time and effort. It does so because it is comparatively cheaper to pay the premiums for the entire fleet. It does cost more when the different premiums have to be paid.

For further information and quotes on taxi insurance please visit our website that specializes in all types of hire and reward policies for licensed UK drivers. To compare cheap private hire taxi insurance quotes visit http://dpmediaproperty.co.uk/taxi-insurance/ a leading UK quote comparison portal.

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Pinaki D Jena

Email Address:SubscribeCar Auto Article FeedFind More ArticlesSearchSimilar ArticlesMinibus Fleet Insurance - Who Benefits and What it CoversA Taxi Fleet Insurance Guide For Taxi CompaniesChicago Taxi And Limousine Insurance Has Liability Limits That May Not Suit Larger Livery CompaniesUnderstanding the Working of Private Hire InsuranceBetter And More Detailed Look At Taxi Insurance ProgramsHandy Tips On Getting Reliable Taxi InsuranceTaxi Insurance QuoteUnderstanding Taxi InsuranceAdvantages of Taxi Fleet InsurancePrivate Hire Insurance - Facts You Need To KnowRecent ArticlesExploring The Reasons You Need Enough Insurance CoverageHow Staying With One Insurance Company Can Save MoneyThe Cheapest Insurance Coverage For Your Business VehiclesHow To Find The Least Expensive Vehicle CoverageAuto Insurance Policies - Different Types of Automobile Indemnity CoversAuto Insurance Policies For Amateur DriversAuto Insurance Policies - Some Basic Points To Remember While You PurchaseInsurance Shopping StudyWhat Is the Insurance Price Tag on a Bad Driving Record?Things To Consider Before Buying Car InsuranceSubmitted On February 16, 2012. Viewed 0 times. Word count: 411.

MLA Style Citation:
Jena, Pinaki D.".".16 Feb. 2012EzineArticles.com.22 Feb. 2012 .APA Style Citation:
Jena, P. D. (2012, February 16). . Retrieved February 22, 2012, from http://ezinearticles.com/?Benefits-­Of-­Taxi-­Fleet-­Insurance&id=6886156Chicago Style Citation:
Jena, Pinaki D. "." EzineArticles.com. http://ezinearticles.com/?Benefits-­Of-­Taxi-­Fleet-­Insurance&id=6886156EzineArticles.com© 2012 EzineArticles.com
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