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Motor

Do I need it?

The use of vehicles in business does vary depending on the nature of a companies business activities, but considering the essential part that they can play, it makes sense to ensure that you’re covered with the most effective insurance policy.

Quite often, people forget how much they use their vehicles, so an insurance policy should cover all the range of business activities that each vehicle could be used for, such as: general logistics, haulage, courier services, deliveries, service calls, and site visits etc.

If your business is in the automotive industry then there are specific forms of insurance that are not only essential, but that can be tailored to your specific needs.

At CCI we have the expertise to provide the most effective insurance package for your needs, whatever the type and size of your business.

What is it?

The type of insurance cover that will be best for your business will depend on the number of vehicles you own and their use. For example, if you have more than three vehicles you would be advised to invest in a mini or commercial fleet policy.

Commercial motor insurance can protect vehicles from losses such as damage as a result of collisions, burglaries, vandalism, theft, and fire.

There are three key types of insurance for commercial vehicle owners:

  • Third Party
  • Third Party, Fire and Theft
  • Fully Comprehensive

CCI has a wealth of experience in providing commercial motor insurance including combined motor trade, motor trade road risks and public, and also product and employers’ liability for the motor trade.

As specialists in this field, we understand that every business has different requirements, so we’ll create a bespoke solution that matches your situation, and ensure that you only pay for the level of cover that you actually need.

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Why not talk?

Call us today on 020 7637 1606.

If you work within the Motor Trade industry it’s essential to have insurance that covers you and your business rather than just insurance for a particular car. This means that whether you are involved in new / old vehicle sales, repairing, delivering or driving cars as part of your livelihood, you are covered.

As CCI are aware that the levels of cover required can vary depending on the size and nature of your business we will tailor a bespoke policy to your specific needs

A typical policy can cover your company for:

Motor Trade – Internal Risks, including cover for:

  • Buildings, Plant, Stock etc.
  • Customers Vehicles whilst at your premises
  • Business Interruption
  • Goods In Transit
  • Employers’, Public, Products & Service Indemnity Liability
  • Wrongful Conversion

Motor Trade – Road Risks, including cover for

  • Road Traffic Act use of own or customers vehicles
  • Trade Plates
  • Legal Expenses

If you’d like to find out more about how we can help you with your Motor Trade Insurance please contact a member of our team for an informal, friendly discussion.

If your business depends on efficient vehicle operations, ensuring that you comply with all the legislation is a task in itself, let alone managing the fleet. To make sure that you’re not exposed to potential risk and expensive claims, we’d recommend that you examine your systems and cover in a number of key areas.

 

We’ve outlined the key issues below to help you assess your particular level of risk.

 

Complying with legislation

There’s a wide range of legislation relating to fleet management; unfortunately, many businesses often overlook the need for a comprehensive vehicle risk management programme to their cost.

Reviewing your vehicle fleet protection systems makes sense. It’s a proven, effective method to help reduce your risk and ensure you’ve the right level of cover to protect your business.

Minimising the risk

By conducting a detailed review you’ll find there are a number of factors which can impact on your business. These could be driver competence, legislation compliance, vehicle security, driver skills and training and many more – any of which may expose you to significant risk.

So how can you be sure that you’ve adequate systems in place?

To give you some guidance on vehicle fleet risk management, here’s an outline of some of the main areas you should think about:

  • How dependent is your business on the vehicle fleet?
  • Are there commercial or specialist vehicles which are difficult to replace?
  • Do you have contingency plans for vehicle downtime?
  • Have you installed security equipment in vulnerable or essential vehicles?
  • Are accident and breakdown statistics monitored and actively managed?
  • Are operational rules issued to all drivers?
  • Is driving restricted to preferred categories?
  • Are drivers required to disclose all convictions and accidents?
  • Do you operate driver appraisals or safe driving incentive schemes?
  • Are drivers’ licences, eyesight and medical conditions regularly checked?
  • If drivers use their own vehicles for business do you check insurance and road worthiness?
  • Do you ensure that vehicles are correctly taxed, insured and undergo safety checks?

If you look at all these areas in a well-planned way, it will help you to:

  • Identify key areas of risk
  • Implement effective remedial action plans
  • Review the level insurance cover for your situation

All of which gives you greater control of your business performance, profitability and success.

If you’d like to find out more about how we can help you with Motor Fleet Insurance please contact a member of our team for an informal, friendly discussion.

If you do not have a fleet of vehicles or you require cover for a specific commercial vehicle we can arrange insurance designed specifically to cover your needs, such as for a van, truck, lorry, minibus or even your business car.

If you have a fleet of more than 5 vehicles we can arrange the right level of cover that you and your business needs.

Covers can be tailored to your specific requirements including cover on the following basis:

Third Party

Third Party, Fire and Theft

Fully Comprehensive

If you’d like to find out more about how we can help you with Commercial Vehicle Insurance please contact a member of our team for an informal, friendly discussion.