What is vehicle fleet insurance?
Vehicle fleet insurance covers a mixed group of vehicles under one policy, cars, vans, HGVs, minibuses and special types together. Every vehicle and its use is declared to the underwriter, who rates the whole fleet as a single risk.
- Mixed vehicle types on one schedule is standard practice
- Special types and plant can usually be included
- One certificate set covering the whole fleet
- Cover levels can differ vehicle by vehicle
Vehicle types that can sit on one fleet
Underwriters will normally accept a wide mix so long as every vehicle and its use is declared accurately.
- Cars, including pool, company and director vehicles
- Panel vans, Lutons, dropsides and pick-ups
- Rigid and articulated HGVs, tippers and tankers
- Taxis and private hire vehicles, usually on a specialist section
- Minibuses and wheelchair-accessible vehicles
- Agricultural vehicles, plant and special types used on the road
Where mixed fleets get complicated
A mixed fleet is priced against its riskiest component, so it is worth understanding what pulls the price up before you buy.
Where one vehicle class dramatically worsens the whole fleet rate (a single taxi among twenty cars, for example) a broker may recommend splitting it onto its own policy. That is a judgement the quoting specialist will make with you.
Keeping a mixed fleet compliant
Compliance and insurability go hand in hand. Insurers increasingly ask for evidence of the basics before quoting a mixed fleet.
- Every vehicle recorded on the Motor Insurance Database within seven days
- Valid MOT, tax and, where applicable, O-licence discs
- Documented daily walkaround checks for commercial vehicles
- Driver licence checks at least annually
- Tachograph and drivers' hours compliance for HGVs
Why choose Fleet Cover UK?
One policy, one renewal and a specialist who takes time to understand your business. The team at Broker Zone can discuss your vehicles, drivers and requirements, explain suitable options and help you decide on the next step.
Insurance services are provided by Broker Zone Ltd, an appointed representative of Gauntlet Risk Management Ltd. Cover is subject to insurer acceptance, terms, conditions and exclusions.