Do I need business insurance for a van?
It depends on how you use your van. If you only use it at weekends or for social visits, you’ll need social, domestic and pleasure cover. But if you use your van for work in any way, including travel to or from more than one location, you’ll need commercial van insurance (also known as business van insurance). This kind of insurance will help make sure your business runs smoothly should you have an accident, or your van is stolen.
What types of business van insurance are available?
You can compare quotes with us for two types of commercial van insurance for vehicles up to 3.5 tonnes:
- Carriage of own goods: This can cover you if you use your van to carry business goods – say, equipment related to your trade if you’re a builder, plumber, gardener or carpenter. You’ll also be covered for social, domestic and pleasure use.
- Haulage (carriage of goods for hire and reward): This type of insurance can cover you if you use the van to carry someone else’s goods for payment – for example, if you’re a delivery driver. Again, you’ll be covered for social, domestic and pleasure use.
Always check your company van insurance policy to see if it covers the contents of your van if they’re stolen, or if you have an accident. If it doesn’t, you may need additional goods-in-transit insurance. It’s also worth seeing if the company you’re delivering for covers you.
Neither of these types of insurance cover the carriage of passengers. For that you’ll need specific taxi insurance.
Frequently asked questions
What level of van insurance should I choose?
As with car insurance, there are three levels of van insurance. To get the right level of cover, consider how you use the van:
- Third party only – the minimum legal requirement. Third party insurance covers you for any damage you cause to other people and their vehicles. But it won’t cover repairs to your own van, your own medical expenses, or theft from your van.
- Third party fire and theft – offers the same level of protection as above, but third party fire and theft also covers you if your van is stolen or damaged by fire.
- Comprehensive – includes all the benefits of third party fire and theft, and comprehensive cover can also protect you as a driver and pay out for any damage to your van.
Does my business van insurance cover my tools and equipment?
Van insurance doesn’t usually include as standard any cover for tools and equipment stolen from your van or damaged in an accident. But most insurance providers will let you insure them either as an add-on or under a separate policy. This is worth looking into because in the UK, vans are broken into every 23 minutes.
Just be aware that some policies won’t cover your tools if you leave them in your van overnight. You’ll find more information in our guide, Does my van insurance cover tools?
What should I look for in business van insurance?
Depending on what’s important to you, you might want to consider the following:
- Windscreen cover – some insurance providers include windscreen cover as standard; others add it as an optional extra.
- Misfuelling cover – filling your van with the wrong type of fuel can be a costly mistake, as you’ll have to pay for the tank to be emptied and the fuel properly disposed of. Then you’ll need to refill the tank. Misfuelling cover is typically available as an optional add-on.
- Trailer cover – this covers you for loss of, or damage to a trailer.
- Breakdown cover – if you rely on your van for work, breaking down on the way to a job could mean your business suffers lost revenue. Breakdown cover could help you get to the job in-hand.
- Courtesy van – this might prove invaluable if your van is out of action for any reason.
- Lost keys – losing the keys to your company van can be hugely inconvenient. Lost keys cover can pay for replacing them.
How much does business van insurance cost?
The cost of your business van insurance depends on a range of factors:
|The size of your van – a larger van will probably cost more to insure than a smaller one||The type of business you run – insurance providers see some as riskier than others||Where you keep your van overnight|
Your mileage and the amount of voluntary excess you choose to pay will also influence the cost of your premium.Start a quote
What do I need to get a business van insurance quote?
Getting a quote is quick and easy. You’ll just need to give us some details including:
- Information about your van, including the registration number or the manufacturer and model
- How you use your van
- What type of cover you’re looking for
From the Van team
What our expert says
“If you rely on your van for business use, it’s essential to make sure it’s covered properly. Make sure you get the right level of cover and all the add-ons you need.”
Why use Compare the Market?
|50% of customers could save up to £268.40 on their van insurance**||Get a quote in 6 minutes***||93.3% of users would recommend Compare the Market to friends or family****|
** Based on online independent research by Consumer Intelligence during August 2020. 50% of customers could achieve this saving on their Van insurance with Compare the Market.
*** On average it can take less than 6 minutes to complete a van insurance quote through Compare the Market, based on data in September 2020.
**** For the period 1st June 2020 to 31st August 2020, 10,731 people responded to the recommend question. 10,011 responded with a score of 6 or above, therefore 93.3% are likely to recommend.Start a quote