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Monthly Archives: May 2017

Get the Cheapest Fleet Insurance

In order to achieve the best possible price, you need to know what level of cover you need. Comprehensive is the best cover and while slightly more expensive, this cover will protect your vehicles, your drivers and any third party vehicles and property. It also covers against fire and theft. This means that in the long run you are saving money.

If you are to choose one of the third party covers, you’ll find your own vehicles are not covered, this can result in you having to pay out a lot of money should your vehicles be involved in an accident. These covers only protect the third party vehicle or property and if you choose cover that includes fire and theft, it brings a little more security to the table.

When searching for the cheapest fleet insurance, ensure you are aware of what is not included in the policy you are offered. This is essential; often you can include additional cover which can help you to save money even further in the event of an accident. One of the covers you may include is a courtesy vehicle or roadside assistance.

Always pay careful attention to the drivers you are including in your policy. In order to achieve the cheapest fleet insurance, you will need to choose drivers that have clean driving licenses, no convictions against their name and preferably be over twenty five.

Drivers that are young, have convictions and points deducted from their licenses are seen as a high risk to insurers, which is why in order to keep your costs to a minimum, you have to be very selective on who you choose to drive your vehicles.

It’s essential you take the time to find out about the company’s claims procedure. While you may be looking for the cheapest fleet insurance, you want an easy and effective claims procedure that enables you to repair or replace your vehicles in the shortest space of time. A company that doesn’t understand your business or urgency of your claim after an accident is putting your business in jeopardy. In order to operate effectively, you need your vehicles on the road.

When choosing the cheapest fleet insurance, determine how many vehicles you need in order to quality for this particular type of cover. Some companies require you have three to five or more vehicles, while others will offer the convenience of this policy if you have two or more vehicles.

Car Insurance Claim Process

Contact the Police

When you are involved in an accident, the first thing you should do is contact the police and file a report. The report will contain a detailed description of the crash, eyewitness testimonies, details of the other driver and other relevant information. The police will also make sure you get the medical assistance to help handle your injuries. A police report will come in handy when filing a claim, as it can vouch for your account of what happened.

Call Your Insurance Company Right Away

Call your insurance agency from the scene of the crash if you can, while waiting for the police or after you are safe. This will help the company analyze the damages firsthand, and they can walk you through the next steps that need to be taken. If your car has been severely damaged, the insurance agency will guide you on what needs to be done with the car. A claim file will be opened, and all the necessary details will be added to it. If you do not call them immediately, you won’t know how they can help, and you may wind up burning through cash that you don’t have to.

An Insurance Adjuster Gets Assigned to Your Case

Once your claim has been filed with your car insurance company, a claims adjuster will be assigned to your case. The adjuster will most likely get in touch with you to elicit additional information. While describing the incident, always stick to the facts and avoid any speculation. Submit any photographs and testimonies that you collected at the scene. All of this will be used to determine who is at fault and hence your contribution plays a huge role. If you’re looking to file a personal injury claim with the other driver’s insurance company, it will help to have an attorney present. An attorney who is well-versed with the nuances of personal injury claims will be indispensable in this regard.

Evaluation

The insurance adjuster will conduct a thorough assessment and provide an estimate of the cost to repair your vehicle, medical expenses, and other deductibles that your claim will pay out.

Need Public Liability Insurance

The most common types of claims fall into a small number of categories:

• Slips, trips and falls-these make up the majority of claims, and are the hardest to prevent.

• Stress and anxiety, due to hold ups, for example Electrical malfunction, or delayed finishes to building projects affecting the next tier of tradesmen beginning – example: the plasterers run over the finish date which in turn hold up the decorators.

• Falling objects, i.e. striking against or struck by

Do I Need Professional Indemnity Insurance?

If your business offers advice you may also need ‘Professional Indemnity Insurance’, which covers you in the event you give incorrect advice and a business or client were to suffer financial losses as a result. This is also valuable for trades such as Financial Planning, Business Consultants and IT Consultants. This is not instead of Public Liability Insurance, some trades will need both.

Do I Need Employers Liability Insurance?

If you employ any staff, you must have Employers Liability Insurance; this is direct protection for your staff against any accidents or illness which is caused by your or your business.

Imagine if your administrator were to suffer symptoms of RSI while in your employment, or a gardeners apprentice was to suffer injuries as a result of having a go with a hedge trimmer while you were busy elsewhere? These are very real risks, and you are required by law to have this in place, for protection of those in your employment.

Keep Motor Trade Insurance Cost Down

It’s essential when taking out any motor trade insurance, that you check to see if there are any vehicles eliminated from the list of vehicles safe to drive. Driving a customer’s high performance vehicle when you don’t have adequate cover to do so, can cause serious financial problems should you be involved in an accident.

Where is your building located? This is another very important consideration. In many cases being located in a city or town can increase the premium. This also depends on area, areas are listed according to crime rate and other statistics, things you have no control over. Where you can make a difference is to put security measures in place, such as alarm systems, strong roller doors and even bars on the windows, reducing the risk of a break in and reducing your risk to the insurer.

If you have been in the industry for some time and are currently shopping around to find a better price, then take advantage of the no claims bonus you have been building up over the years. Many insurers will take a no claims bonus into consideration, this is their way of knowing you are not a major risk and these bonuses will often have a significant impact on your annual premium.

One of the most risky parts of owning a business within the industry is driving customer’s vehicles. As you know you need to have valid cover in place to drive a vehicle on the road. When it comes to private cover, you are only covered to drive a specific vehicle, but when you’re driving numerous vehicles on a daily basis, you will need road risks cover.

The good news with this cover is you can add all your staff, the bad news is that the staffs driving records and age will impact how much your premium will increase. Keep your drivers to a minimum, ensure they are over twenty five and have a clean driving license to keep your motor trade insurance cost down.

Another great way to keep your motor trade insurance cost down is to discuss voluntary excess with your broker. Many companies will allow you to choose this option; it lowers your annual premium, but increases your excess should you ever need to claim. This is advantageous if you need to have adequate cover in place, but haven’t claimed for some time.