Motor Fleet Insurance

Are you debating whether to go green with your fleet?

The good news is that going green with your fleet can generate savings that will improve your bottom line over time, while earning your business a better reputation.

How will this choice affect your fleet insurance?

Fleet insurance companies consider these hybrid vehicles as equals to their diesel and petrol counterparts.

Therefore your fleet insurance policies will not be affected adversely when you make the decision to help protect the environment.

Tips for Green Fleet Management from Cover4Commercial :

1. Assess your current fleet performance taking into account the mileage, fuel consumption, average mpg both per vehicle and driver, destination and reasons for travel, and the overall costs.

2. Then identify the areas which can be improved –

• Are the vehicles all as efficient as they could be for the specific needs?
• How can mileage be reduced?
• How well maintained is the vehicle?
• Can alternative fuels be used?
• Does your company’s current mileage allowance encourage an increase in mileage claims?
• Would your employees benefit from more driver training?
• What are the CO2 emission levels and Euro standards of the vehicles?

3. After assessing and identifying the areas for improvement, set yourself realistic targets, such as unnecessary business travel and monitoring and reducing fuel consumption.

4. Continue to monitor your performance over time, which will enable you continue to make both financial and environmental savings over time.

Finding the right Motor Fleet Insurance policy for your business can be a challenging task.

Before making any decision look at the following tips as a checklist:

You need to consider early on who will be driving your company’s vehicles. The higher the age restriction means that you can avail of a larger discount from the fleet insurance provider. Some of the options regarding these age restrictions are:

Any Licensed Driver Over 30
Any Licensed Driver Over 25
Any Licensed Driver Over 21

You can choose from three levels of cover, and some companies will facilitate you by allowing to have varied cover, so you could combine a choice of the following types of motor fleet insurance.

Comprehensive
Third Party Fire & Theft
Third Party Only

Another consideration is what type of extensions you may require for your fleet insurance policy such as:

Windscreen cover
Breakdown Cover
Courtesy cars
Legal Expenses Insurance

Naturally like any regular car insurance you will pay more for any sporty cars, so consider an age restriction just for these vehicles.

Of course your fleet insurance broker needs to know the type of use for your motor fleet insurance such as:

Haulage
Carriage of Own Goods
Private and / or Public Hire
Social Domestic & Pleasure use only (SD&P)
SD& P and Business Use
Carriage of hazardous Goods
Airport Side Use Extension

Fleet insurance is a big investment and you need to weigh up the pros and cons of going green, but in the medium to longterm this is preferable.

Choosing the right package and motor fleet insurance company for you requires careful research and making sure that the solution ticks all the boxes for your fleet.

by: Jackie De Burca