If you run a business and have a number of employees who are drivers, you can name them individually on the policy, or opt for the ‘any driver’ option. Choosing ‘any driver’ is a more flexible option, but is usually more expensive. Generally speaking, the fewer drivers you have on your policy, the lower your premiums will be. If you have a large fleet of vans, you might change vehicles during the course of a year – update your policy each time this happens to avoid your cover being invalidated.
Each business is different so always check the policy wording, or speak to an insurance provider, before buying a fleet insurance policy to make sure you have sufficient cover. To get enough cover you may have to get a specialist policy, or ask a provider to add more cover on to your standard van insurance policy. The three regular levels of cover offered by a van policy are:
- Third party This covers you for the cost of any damage done to another person, their vehicle, or their property. But it won’t cover the cost of damage to your own van
- Third party, fire, and theft This includes everything covered by third party insurance, as well as cover if your van’s stolen, is damaged or destroyed by fire
- Fully comprehensive This includes all of the above, plus cover for any other kind of damage to your van – as long as it’s specified in your policy