Our look at commercial motor
insurance cover
Commercial
motor insurance has many different features in comparison to private
motor insurance. Many insuring a private car will opt for 'no frills'
types of cover to save money. While it can be argued that this is
usually unwise even for the private car, it is especially unwise for
commerical motor insurance.
The business vehicle, if off the road as a result of an accident, is
going to need a courtesy car in its place if normal business working
that relies on using it as transport is to be maintained. Also, any
policy that includes breakdown cover may be attractive although this
can be arranged separately. Clearly, these sorts of policy features are
not available via the more budget car insurance products. As a result,
the price comparison site - with its main focus on low cost and more
basic policies - is less useful to those seeking a good choice of
commerical motor insurance cover.
In addition, the employer has a duty of care to his employee. Taking
out car insurance on his behalf that, for example, limits compensation
for any lost earnings due to injury could be legally challengeable by
that employee, potentially resulting in a financial settlement that
could be unhelpful or even damaging to the business.
Another reason to avoid a price comparison site and to instead go
direct to a leading car insurer for commercial motor insurance is that
by this means it is easy to build in the kind of policy features that
you require given that the standard cover offered by these providers
very often automatically meets your needs without needing to tailor
packages further.
In addition, most direct car insurance providers offer multi-car
discounts. A popular product of this type is provided by Admiral
Insurance.
While many often omit legal cover from their policy, it's a good idea
to include it for commercial motor insurance as it is a cost-effective
way for small businesses to recoup secondary losses not otherwise
automatically pursued on their behalf by their insurance company. This
is not just restricted to repayment of the excess but it includes
all allowable expenses as a result of the accident, where the business
driver was not at fault.
To find out more about potentially suitable policies from leading car
insurance companies, you can use this site to
compare
car
insurance policies
easily.
You can
also access Admiral mulit-car here.
For the larger company that needs to insure a sizeable fleet, it can be
prudent to get a commercial or compensation lawyer to advise on the
most suitable policy features. More..
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