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Specialising in providing competitive rates for HGV Insurance and Truck Insurance with Zero deposit and the payments spread over the whole year. We also do Truck Fleet Insurance with all the vehicles under one policy and Young Drivers and Older Drivers included on the policy at no extra cost. We are office based and not a call centre so you have one account hander who deals with all aspects of the policy.
In today’s market, truck fleet insurance has become very competitive. If you are a new start truck business, then you will need cover for the vehicle and goods in transit. By comparing different insurers, it enables the individual to get a complete range of prices. Certain insurers have specific likes and dislikes.
Some underwriters would like to take on new start businesses, whereas others will not. Other underwriters can be very good at combining the goods in transit cover with the vehicle cover in one complete policy. Other situations may arise when the truck in going abroad to a European destination . In this situation, the vehicle will need a green card which means that the vehicle is covered on a fully comprehensive basis whilst travelling to Europe. ( Read more about truck fleet insurance )
Without a doubt one of your perceived most wasteful expenses each year is the one which could well end up saving your business from ruin. No one in the motor trade enjoys renewing their truck & haulage insurance but it's a necessity, both by law and for survival. The next best thing you can do is simply ask yourself or the fleet manager responsible "How do I save money on my truck fleet insurance ?" To ensure your annual or monthly premiums are the least possible but with the most comprehensive catch all insurance package. It's not an easy question to answer on your own. Even if you've been in the business twenty years, there's always new ways and angle to get on board with cheaper trade cover.
Firstly you need a guiding hand, someone willing to help in every way possible to bring down the cost of your company's truck insurance. Without deleting half of your policy document or undervaluing the value of the parts that require the correct valued sum. This cover is tailored to each company and because of that, we can custom build a document that covers buildings, tools, breakdown recovery. The many different Goods in Transit classes, replacement vehicle, windscreen cover right down to insurance cover against employee sick days and accidents that may involve them. Our specialist brokers are trained in the art of advising before signing. They will offer tips, help and guidance to ensure you have the correct policy for all events your company and drivers may face. Ensuring you get the cheapest truck fleet insurance policy but also the best matched.
Many people ask "How do I save money on my truck fleet insurance ?" without realising the majority of tasks to save on monthly premiums can be initiated by themselves. More security, CCTV, guards, dogs, night lighting with floodlights, secure parking areas, additional locks on lorries with verification. Better management of the fleet, preventative maintenance, driver training, software that monitors driving ability, routes and mileage. Most insurers today provide telematics, dashboard cams and trade software to help track your business activity. All of these help drive down costs. Why? Because not only is your fleet of vehicles more secure but there will be records of any accidents and crashes. With which your dedicated legal team can easily defend your when in the right and put together an actionable defence if you're not 100% holy.
With tens of thousands of vehicles moving around the country each and every day, at least one in every of those thousand is bound to end up involved in an accident. Who do you trust to ensure you get the maximum payout after any event? Who do you rely upon to provide the best legal team no matter which way the action goes? Who are the best haulage fleet insurance specialists? and what should they provide? We could talk about ourselves as a third person to get the point across. But when it comes to being proud of our knowledgeable and very specialist brokers, we prefer to shout about it. If you have one or more trucks to ensure, whether they are tippers multi type refrigeration lorries, transporters and low loaders or carrying pallets of fresh goods in HGVs, we want to hear from you.
We think different and do differ from our competitors in that we don't want to get you signed up to new insurance cover without talking to us. You may wish to get cover instantly but you'd be taking the wrong route. Your business possibly turns over millions, employs hundreds and has hundreds of thousands invested in vehicles, drivers and cargo. Why rush a haulage fleet insurance policy document. One mistake and your company could have to close, need to reduce drivers or reputation goes down the drain and the tipper trucks will be parked up. To get additional tipper truck advice and information then follow the link. By providing us with all the details on your trucks, buildings, all road risks and Goods in Transit classes required. We can spend time talking to you and delivering the best and cheapest truck insurance quote.
We are the best at what we do and offer. We know the motor trade industry inside and out. We talk to the top UK insurance house underwriters every day. Sealing deals on policies for our clients, that are as much in need of the correct liability cover, breakdown recovery and lesser replacement vehicle surcharges as you are. With minimal excesses, mileage discounts, constantly looking out for your interests all year round. Who are the best haulage fleet insurance specialists? Call us today and find out if we can deliver the correct cover for your trucks, cargo, drivers, staff, premises and equipment. Insurance for UK hauliers need not be a time consuming exercise for you. We will assess and research every particular to deliver the best insurance comparison on the market that matches your needs.
A motor trade insurance policy is tailor made which means there are many different ways each policy document can be created. You might ponder these and try to figure out where you can cut corners financially. For instance. Can you add more than one vehicle type to a policy or is named driver cheaper than any driver on a truck fleet insurance policy? As a fleet manager, owner drive or business director it's your choice which route you take. From a business owner's perspective it might be better to outsource drivers and trucks and relieve yourself of insurance responsibilities past that of the cargo and Goods in Transit. However clients like trust and an insurance policy which enables the company to back it up in a timely manner.
With regards adding other vehicles, yes you can - as long as they are business related. When you compare named driver additions to allowing any driver. Adding named drivers may cost slightly more, allowing any driver means they are only covered for third party cover, naturally a lesser insurance that you might like. Named does not mean your insurance premiums will be hiked prohibitively so. It just means you're in a clearer area of insurance responsibility. A named driver, with all details known by an insurer is a better place to be when it comes to claims and provision for premiums. There is more risk for an insurer if it is any driver but the driver himself will be insured.
One item to be wary of however is the No Claims Bonuses that your company may rely on being pooled. Not all insurers allow NCBs for named drivers as they are not independent insurance policy holders - some do and it's worth researching. Named drivers is possibly more expensive than a single driver to cover but less than any driver. In the event of a claim, named driver may be more straight forward also, depending on where the blame is apportioned. Any named driver receives exactly the same coverage as the single driver or company. find more help about HGV fleet insurance see the other page. So is named driver cheaper than any driver on a fleet truck insurance policy? If the above is not so clear, complete the short enquiry form and we'll call back at your earliest convenience. We can insure any driver, named, young or with convictions, we simply need the details and background to be able to confirm the initial quote.
There are many different circumstances in which lorry fleet insurance can be purchased. The main reason however is to cover the daily grind which your company faces. Be that driver accidents and care, haulage vehicle parts replacement, breakdown and accidents. Or any other policy built in to cover tools, machinery, cargo and goods transported or visitors. We tailor each document to provide the correct sums value insurance for each of the above, and a percentage of that goes towards public liability and indemnity insurance, should you carry out work on your own or other third party vehicles. What is not always as clear, is "Can I add any vehicle to my lorry fleet insurance policy." Yes and no.
A truck fleet insurance premium tends to only cover business related activities. It's not the same as general motor trade insurance whereby you may be a part time mechanic and also drive the same vehicle laden with tools, to events or locations that are not business related. i.e. taking your children to school in a 7.5 tonne skip lorry. It also comes down to the way the policy particulars are worded. For instance you may be a named driver and therefore covered to drive any vehicle, which may be private or only business. Or you may simply have certain vehicles owned by the company insured against all road risks, fire and theft. In which case another vehicle, owned by someone else may not be eligible.
Because the situation surrounding other vehicle, either private or business related can be a little cloudy. It's always advisable to call one of our specialist brokers or the 24 hour help line for assistance. We will endeavour to resolve the issues within minutes. Either advising that you can add a vehicle to the MID, that you are already covered or that you will need to change the policy to multi type or a n other. See more questions and answers from a haulage specialist Can I add any vehicle to my lorry fleet insurance policy is not a silly question. In fact, if a lorry breaks down and needs repairs and you simply borrow a vehicle from another nearby sister company but use one of your own drivers, it can get confusing. If you need reassurance before you buy, ring for a comparative quote or to get advice and we'll be only to happy to help you understand which vehicles you can add to a lorry fleet insurance policy.
When you're dealing with one of the motor trade industry's leading truck fleet insurance providers, you expect clear cut answers. Many of our competitors will point blank tell you that they will only provide Provide insurance drivers that are 25 years of age or older. So whats the best age. So what's the minimum age on a truck fleet insurance quote arranged by our specialist brokers? Believe it or not, we can get your motor trade business, your trucks on the road and insurance cover set up instantly. For business owners as young as 17 providing they have the correct certification in the eyes of the law. Quite, you may well find premiums that little bit higher but if experience can be proven and other policy particular credentials met. These costs can often be brought down in line with an insurance policy for truck fleets which is more average.
By far the most favourite age group to insure is those between the age of thirty and forty five. Indeed, it goes with any industry that this age group is just old enough to know enough and not old enough to be forgetting or becoming stuck in their ways. With children now able to learn to drive in a more public manner, from age ten upward. It should be no surprise that some when they hit age 17, area ready to take their hobby and interest to the next level and into business and the motor trade. In fact,we are very supportive of younger people coming into the motor trade industry. To fully understand HGV insurance and what we are talking about our site can give all the answers. We provide tips and helpful advice to ensure you don't miss a thing. From the correct class of Goods In Transit, through to managing driver no claims bonuses.
If you expect to grow quickly, or wish to take it slow, if you have three or more trucks, whether multi type or the same, we can find cover for your business needs whether you are managing the company or an owner driver too. Brexit beings its problems and you may be asking "What's the minimum age on a truck fleet insurance quote if I drive in Europe?" We don't expect rules to change that much after leaving the EU. In fact, vehicle law has pretty much been passed to the UK and upgraded via the EU. In all likelihood most laws on the statute books will retain the majority of motor trade law, simply because it works and has been accepted for the past decade. If you're 17 give us a call. If you're 16 please please feel free to get advice from us now so you're ready.
Take up of telematics in the transport industry has been so prolific it is expected that HGV trucks will have black boxes fitted as standard. This technology has reduced private insurance costs over recent years, now it's having the same impact for companies. More and more fleet operators are seeing the benefits of utilising telematics data to reduce insurance premiums. Whether they opt for sharing the data from their internal systems, or use insurers preferred telematics systems.
There is a lot to compare, whether you are currently utilising or starting to investigate, telematics for your fleet. This ranges from what type of technology to invest in; to the data you want to record. All of this needs to be considered, whilst ensuring you will get a strong return on investment. Many asking 'which insurers offer fleet insurers with telematics?' will benefit from speaking to an insurance broker with experience of this type of policy. We are able to compare the insurance offerings for your connected fleet.
By talking to insurance underwriters we can find the best coverage for your trucks. We can work with you to find a policy that works for your fleet. Whether truck’s telematics are already installed, or you are looking to invest in smart technologies, contact us today and we will be happy to help, or click here to read more about how an insurance broker can help you to learn more about fleet insurance with telematics?
Key points of comparisons for haulage insurance include class of goods coverage. Considering the amount of coverage for goods in transit is essential, especially if you are working on the behalf of a third party. It is also useful to know whether your policy is adaptable for your businesses changing requirements.
There are advantages to working with a specialist haulage insurance broker to compare policies. There is not a one size fits all insurance for haulage, and when you try and compare the packages online, you will not get the full picture. It is useful to have someone who is knowledgeable and can speak to insurers on your behalf.
By working with an insurance broker, for specialist haulage insurance, you'll know why a policy falls short compared to another. Another advantage of working with a broker is they will be able to put together a specialist policy which matches your requirements. The good news is that this is likely to save you money.
Insurance costs can seem confusing. Premiums go up and down and this is based on (seemingly) arbitrary and confusing factors. However, there are steps you, as a fleet owner or manager, can take to get (and keep) your costs down.
Firstly, have a good risk management strategy. The first place to start when developing this is to look at your claims history and identify patterns and then consider a plan to improve these. If a particular employee poses to be a higher risk, in terms of generating claims, consider a driver retraining program. Many insurers will provide training for drivers and things like defensive driving will be taken into account. Unfortunately, not all insurers will recognise training and immediately reduce premiums, but a lack of claims will be rewarded very quickly when you come to renew your policy.
The next things to consider is in vehicle technology. This could be as simple as a dash-cam or with more complex technology, like telematics. Forward facing video cameras will quickly decide at fault claims. If your driver is not at fault the dashcam footage can quickly and decisively to settle the claim if he or she is not at fault. The case for telematics will, over time, allow you to assess risks from fleet drivers by allowing you to look at fuel consumption and the speed at which drivers travel.
Thefts from vehicles are a big cause of claims, so why not consider reviewing your approach to fleet security? Trackers can allow fleet managers to easily pinpoint vehicle locations, trackers can and do result in lower premiums.
It’s also important that you should review your driver’s licences. Many fleet managers rely on the goodwill of their employees to let their employers know about any points accrued. Clearly, the way employees drive their private cars will be different but if a driver is consistently getting points on their license it could be indicative of risk-taking behaviours that can translate into a professional context. You could even consider baking this kind of thing into your HR policy, good behaviours, personally and professionally could even be rewarded of a bonus of some kind.
It’s also extremely important to make sure that all of the information you provide to your broker or insurer is as detailed, complete and up-to-date as possible. Have any outstanding claims listed checked, settled and challenged if necessary? Are the vehicles that you are listing on your policy reflective of their current condition?
Finally, get to know your broker. A good insurance broker will work proactively with their customers to get advice on all of the points we have addressed above, and any other factors which will have a potential bearing on reducing your premiums, now and in the long term. If you own a larger fleet you broker may also be able to facilitate a meeting between yourself and the insurer. Talk to the insurer about what they can offer you in terms of training and any other advice which can reduce your premiums. Remember, you are the customer and HGV insurance is a competitive market place, so you are in control.
If you operate a fleet of trucks and diligently follow all of the best practices when it comes to keeping your vehicles, and drivers safe, it can be disheartening to see that prices can go up by situations which are out of your control. We wanted to explore the reasons as to why insurance prices go up (and down) to hopefully make things a little clearer. First of all, let's look at the general criteria an insurance company uses to assess risk and set prices.
The first thing to consider is the risk your business will pose to an insurer. An insurance policy is an agreement that both parties (the insurer and insured) hope that they will never have to use. If the risk of the policy being used increases the cost, inevitably, will rise. This is a truism in all aspects of insurance, consumer or business. So, at the risk of teaching your grandmother to suck eggs, if you make claims on your insurance, your price will go up.
However, if you haven’t made a claim, or if your claims profile is negligible (especially if you have a larger fleet) what other factors can affect the price? First of all, not all of the price of your premium goes to the insurance company. Insurance Premium Tax (IPT) was introduced in 1994 and was levied at 2.5% of the total cost of the policy. By 2015 the tax had an increased to 6% and now sits at 12% (since 2017) so may rise again further.
Inflation is also a factor in rising costs. Inflation, for the last few years, has stayed pegged at around 2%. However, if you are a larger fleet insurer and pay tens of thousands of pounds a year for your policies, 2% can be significant.
The next thing you should consider is something called the Ogden Rate. The Ogden Rate is quite complex but essentially is the mechanism for which personal injury claims are calculated. Courts take into account the net rate of return (discount) that the claimant might expect to receive from an investment of lump sum compensation. Since 2001, this rate has been 2.5% but in 2016 this was reduced to -0.75%. In a nutshell, this would increase massively an insurance companies exposure if it had to pay out in the event of a personal injury claim. This cost has to ultimately be picked up by the insured, so in this case the truck fleet company.
Unfortunately, when it comes to looking at prices changes for fleet insurance we can’t avoid BREXIT. Whatever your opinion is on the prospect of the UK leaving the EU uncertainty around the future of the status quo is not good for financial institutions, like insurance companies. Financial institutions in times of uncertainty will hedge in their favour and costs get passed on to the customer.
Given the economic and political uncertainty in the country at the moment, how can you try and get some clarity on your ongoing fleet insurance costs? Firstly, create a ‘safe driving’ culture. This will not only reduce the cost of your insurance premiums but can also seek to reduce your fuel bills, tyre wear, and less truck and driver downtime.
Obviously reducing accidents is the way you can ensure lower payments, notwithstanding the points above. Telematics is now an affordable option, even for smaller fleets and drivers who know they are being monitored will, invariably, become safer drivers.
The next step to take is to make sure you have got the correct type of cover. When you renew your fleet insurance do you simply let it roll over without checking if anything has changed? Proactive analysis of your insurance needs, factoring in any changes to your business may result in a material reduction in your costs. If you use an insurance broker, how consultative are they when your policy is due for renewal? If for instance, the average age of your drivers has gone up to over the age of 35, it could be worth telling your broker and switching to a different policy.
We act as your agent and will collect data, including personal information and risk details, solely to enable us to obtain and provide insurance quotations, arrange and administer your insurance. Data collected by us is contractual, and for our legitimate business interests as an insurance broker and we will be unable to offer any quotation or insurance if you refuse to provide certain personal data, including health, financial and criminal records data which is collected under the lawful basis of public interest, where these would affect the provision of cover and/or performance of insurance contracts. Your information will be held securely by us and shared with insurers, which could include reputable providers in other countries, to enable them to provide accurate terms and they will also obtain data about you and your insurance history from various insurance anti-fraud databases, such as the Claims and Underwriting Exchange (CUE) as well as publicly available websites and credit referencing agencies. We are a data controller and our data protection officer is Evan Lewis Wilkinson.
We will also share your contact information with other insurance companies and other brokers or agents for the purposes of obtaining quotations and arranging cover, this may result in a credit check to confirm your identity and minimise the risk of fraud, but we will not give anyone else any personal information except on your instructions or authority, or where we are required to do so by law, or our regulatory requirements. Information about you and your insurances will be held while you are a client and for a minimum of three years, and in certain circumstances up to six years, after expiry of your policies. Under the Data Protection Act data subjects have the right to see, and correct, personal information about them that we hold. Please write to our data protection officer at our usual office address if you wish to exercise your rights or have a complaint about our use of your data.