When it comes to running a courier service, having a fleet of service vehicles is necessary to carry all the business operations and deliveries. Once your fleet fills up and is ready to go on the road, you need a courier fleet insuranceto cover any accidents that might happen on the road. Fleet insurance is designed for businesses with multiple vehicles to cover them all in a single policy. The insurance can be taken out of there are 2 or more vehicles present in your fleet and provides easy management and tracking of your fleet due to a single policy with one renewal date. The insurance covers all types of vehicles in the fleet that includes vans, cars. Motorbikes, taxis, HGV’s and LGV’s or a combination of them all.
Importance of Having Courier Fleet Insurance
Having fleet insurance instead of many individual vehicles policies will streamline the management and administration process of your fleet as they all have the same policy with the same renewal date and the same broker. Not only the administration will become easy, but a single policy will also save much work on claims and change in details. Such insurance policies are also important to cover the vehicles for the right drivers, so instead of having specific named drivers assigned to certain vehicles, you can attain any driver policy with which any driver holding a valid license can drive any vehicle. This will save time on hold-ups and paperwork considerably. A single policy will allow anyone in the company to drive any vehicle. Some key points of having courier fleet insurance are:
· Legal requirements
· Damage and accidental coverage
· Easy management and administration
· No grey areas in the policy
· Streamlined operations
Advantages of Having Courier Fleet Management
Having courier vehicle insurance provide significant benefits to courier company owner by lowering insurance costs, enhanced safety for vehicles and drivers and many others. Some chief advantages that courier fleet insurance gives are:
· Easy Expansion
Every business wants to expand, and this goes with a courier company also. Whenever the business for a courier company grows, the need for adding new vehicles arises accordingly. In this way, having fleet insurance will grant them premium discounts on insurance costs and help them in rapid expansion.
· Protection For Drivers & Collision Coverage
For a courier business with a large fleet, the drivers mean everything for a smooth running of operations. Without drivers, there is no business at all, and because of this reason, companies need to make sure that their drivers are safe. It is the responsibility of a company to provide safety and security to its drivers. Fleet insurance provides such safety – in case of accidents, an auto-coverage feature of the policy protects against lawsuits and provides financial help to employees for any physical injury. Having insurance for the fleet helps cover for road accidents and collisions and to get reimbursed for any damage done to the vehicle.
· Lowering Cost
Another benefit of having fleet insurance is that the policy covers all the vehicles present in the fleet at one go. Insurance provides the company much-needed flexibility with little or no hassle during repairs or when vehicles are down for any reason. As compared to other auto insurance policies, insurance for all vehicles in a fleet proves cost-effective by helping the company save money. Instead of having individual policies for each vehicle, fleet insurance coverage of all vehicles under a single policy offers impressive savings with the associated risks averaged out.
· Stolen Goods
Fleet insurance also helps cover not only damaged vehicles but stolen vehicles/goods as well. With such an insurance policy, the insurance company helps by covering losses due to theft. This is especially important for courier services operating in sensitive areas where theft and other threats occur.
Final Word
Having a courier fleet insurance has significant importance and benefits in terms of business operations, cost savings and potential growth. Courier companies need such this type of insurance policy to cover for any losses incurred, as well as for the peace of mind that insuring drivers and vehicles gives them. under safety protection. Businesses benefit greatly from such policies, saving on cost and making their operations more streamlined and manageable.