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Why buy commercial van insurance?
If you drive a van for any part of your work or business, you could benefit from a commercial van insurance policy.
For people in all trades, a van can be the mainstay of your business. Commercial vehicles like vans are vital for transporting staff, tools and goods. So whether you are an electrician or a plumber, making sure you are still able to work if anything happens is a good idea.
Who needs it?
If you use a van as part of your normal trading, you could benefit from specialist commercial van cover. This might include trades like:
- Carpet fitter
- Food delivery driver
- Window fitter
What does commercial van insurance cover?
If you drive a van as part of your business, you need to make sure of two things. Firstly, the van is legal to drive on the road. In the UK, the minimum level of cover required by law is third-party cover. This means that if your commercial van is involved in an accident, the policy will cover the costs of claims by the other party.
Many tradesmen and women choose a higher level of cover. Third-party fire and theft will keep your business up and running if your vehicle is damaged or stolen.
Comprehensive insurance is the highest level of coverage and will mean you are covered for all of the above, plus the cost of repairs to your own vehicle in the case of an accident.
There are additional types of cover which could be useful if you drive a van commercially.
Goods in transit insurance
Often, you might transport valuable goods on behalf of customers in your work van. For example, if a customer has ordered parts which you will be fitting. Goods in transit cover will ensure that if any damage occurs to the property whilst, in transit in your van, you are not liable for the cost of repair or replacement.
It’s bad enough to break down at any time, but doing so in a commercial vehicle means letting customers down. This is bad for business! So it’s a good idea to have insurance cover to get you back on the road as soon as possible.
If this cover isn’t already included as standard on your policy, ask your insurer about adding it on. Any additional cost could be worth it compared to the work time you would lose if your van was out of action.
The tools you need to do your job will probably spend a lot of time in your van. Making sure you are protected in case they are stolen should be high on the list of priorities.
Many insurers will not cover tools left in a vehicle overnight, but thefts do also, unfortunately, happen at other times, for example, when on a job. Replacing tools can be a huge cost. Having the right policy in place to cover you is vital.
How to save money on your policy?
Always compare quotes from a range of providers. Make sure you are only paying for the cover you need.
Here are a few tips to reduce the cost of commercial van insurance premiums:
- Increase the voluntary excess on your policy. Your policy costs can come down if you are prepared to pay out more when, or if, you make a claim.
- Keep your van secure. Unfortunately, commercial vehicles are often a target for thieves. Fit up-to-date immobilisers or alarms, and consider fitting your vehicle with a tracker. This could help recover it in the event of theft and is likely to reduce your premium cost
- Never leave tools or equipment in your van unattended.