What type of insurance do you need for your business vehicles?
Knowing what insurance you need for your fleet can feel like a lot of pressure. With RAC Business Insurance provided by Brightside Insurance Services Ltd., we are here to help.
Different types of Business Vehicle Insurance you need to cover your fleet.
When searching for the correct insurance policy to cover your fleet, it can be difficult at first to know what exactly you are looking for. With RAC Business Insurance provided by Brightside Insurance Services Ltd., we are here to help you each step of the way.
Fleet Insurance
RAC Business Insurance works with its expert partners to cover businesses operating fleets. This could include building, construction, distribution and logistics. By having this insurance, their industry specialists can help to reduce the frequency of accidents. Allowing your business to run smoothly.
Don't forget to have RAC Business Breakdown Cover alongside your policy. Even though a lot of insurers do cover your breakdown, this then becomes a claim on your insurance and will affect your premiums.
Need fleet insurance?
Van Insurance
With so many different options for Van Insurance, it can be difficult to know which one is right for you. RAC Business Insurance focuses on a risk-management approach which will help you to lower accidents and reduce your premiums.
It is also recommended to get a Tradesperson Insurance package. This protects you from all the other risks you face day-to-day in business. 'All-Risks cover on tools, contract work and plant cover to even property and property and business interruption cover.
It is important to be one step ahead with your insurance so that you can be prepared for any unexpected costs and reduce downtime by having a specialist team to handle anything. By having RAC Business Breakdown Cover alongside you will have peace of mind with your van.
Need van insurance?
Taxi Insurance
There is a lot of uncertainty around what the exact insurance is needed for a taxi. With RAC Taxi Insurance they cover vehicles which have the purposes of carriage for hire, reward for private hire and public hire.
The insurance works for a variety of vehicles including cars, minibuses, electric vehicles and vehicles used for chauffeur, wedding and funeral hire. They can meet any type of requirements.
The recommended insurance cover for Taxis includes:
- Comprehensive or Third Party Fire and Theft
- Spouse cover for social domestic & pleasure (SDP) if needed
- Public liability cover
- Cover for 2-way radio equipment is available
- RAC Business Breakdown
It is important to be one step ahead with your insurance so that you can be prepared for any unexpected costs and reduce downtime by having a specialist team to handle anything. By having RAC Business Breakdown Cover alongside you will have peace of mind with your taxi.
Need taxi insurance?
Minibus Insurance
RAC Insurance for Minibuses covers a range of trades and occupations, as well as covers for minibuses used for social domestic and please (SDP). There are also specialist insurance schemes for education, schools and charities.
The recommended insurance cover of Minibuses includes:
- Comprehensive or Third-Party Fire and Theft
- Public liability cover for public or private hire where required by the local licencing authority
- Cover for carriage of non-fare paying passengers, SDP, Private hire and business if needed
- RAC Business Breakdown
It is important to be one step ahead with your insurance so that you can be prepared for any unexpected costs and reduce downtime by having a specialist team to handle anything. By having RAC Business Breakdown Cover alongside you will have peace of mind with your minibus.
Need minibus insurance?
Truck Insurance
From HGVs and LGVs to tippers and flatbeds, RAC insurance has the right cover for you. RAC insurance can offer a variety of different types of insurance whether you use the lorry for commercial use or not.
The recommended insurance covers alongside truck insurance includes (If needed):
- Goods-in-transit / hauliers’ liability
- Public and Employers' liability
- Income Protection
- Material damage and business interruption
- Legal Cover
- Uninsured Loss Recovery (ULR)
- Commercial Legal Expenses
- Engineering
- RAC Business Breakdown Cover
It is important to be one step ahead with your insurance so that you can be prepared for any unexpected costs and reduce downtime by having a specialist team to handle anything. By having RAC Business Breakdown Cover alongside you will have peace of mind with your truck.
Need truck insurance?
Recommended Business Insurance Cover for Fleets
On top of your vehicle insurance, other insurance covers could benefit your business.
Public Liability
With public liability specifically for tradespeople, you can be protected from legal costs from injuries caused by the general public to yourself or your staff.
On top of this, you can also get employer liability which covers you for accidental death or bodily injury caused to employees from business activities.
Contract works insurance protects construction projects and provides cover for theft and damages for any materials which you are using on projects.
Professional Indemnity Insurance
Indemnity insurance protects your business against claims of inadequate service. Not one means to make mistakes, but they do happen. A genuine error or difference of opinion, threat of legal action, compendation and lost earrings; can threaten the future of your business.
Common areas covered include Professional Indemnity which applies to the advice you give clients which can lead to loss of injury. Libel & slander which covers you against any articles you might write for trade journals or magazines.
Insurance covers along with Professional Indemnity include (If needed):
- Negligence – Provides cover should you give incorrect advice or make a mistake.
- Unintentional infringement – Covering copyright, trademarks or broadcasting rights.
- Loss of professional documents/data – Cover includes damaged, missing or destroyed data belonging to a client.
- Dishonesty – Provides cover should a director, employee or self-employed freelancer contracted to your business be involved in a theft from the client.
- Defamation – Provides cover where you have used or produced any material about other companies that may offend.
For further advice on what insurance your business needs, we recommend reaching out to RAC Insurance and our trusted partner Brightside Insurance Services Ltd. who can build a policy tailored to your own business needs and necessities.
You have a legal obligation (as a buyer of commercial insurance), to disclose information before entering (or changing) a contract of insurance. We call this your duty to make a Fair Presentation of Risk.
It means that when you seek insurance, you need to volunteer and disclose all material information that is known by you (or should be known by you), which an insurer would want to know when it’s deciding whether to offer insurance coverage and, if so, on what terms and at what price.
You need to make sure that facts are correct or substantially correct, and that statements of expectation or belief are made in good faith.
Don't drive off without Breakdown Cover
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Business Breakdown Cover
Keep your business moving
Pay monthly from £11.00 per vehicle – exclusive to the RAC
Another name for Taxi insurance could be Private hire insurance or PCO insurance. This is for people who drive passengers for a living. You can not use standard insurance for these activities.
Business car insurance covers the same as regular car insurance, but it also covers certain aspects of work-related driving.
If your truck should be in an accident you will be covered against claims from another driver for damage or personal injury, depending on your level of cover. The insurance is aimed at the commercial sector and is for business vehicle use.
Trade insurance covers your employees while they're driving or working on a customer vehicle, including those owned by the business itself. It is more beneficial for businesses that repair or sell vehicles.
Indemnity insurance protects your business against claims of inadequate service. Not one means to make mistakes, but they do happen. A genuine error or difference of opinion, the threat of legal action, compensation and lost earrings.
The simple answer is that, beyond asking at the point of contact, there is no definitive way to know whether a business holds insurance until you raise a claim against them. But the importance of their cover to you as a contractor cannot be underestimated. As such, it is advisable to contractually stipulate that a supplier holds the business insurance you feel to be in your best interest.