Commercial van insurance – If you run business that related to delivery services, of course van is the essential vehicle that needs to be protected. Your van needs protection in case something goes wrong like it is stolen or maybe damage in an accident. Therefore, you need commercial van insurance to make sure that your business running well. Before you plan to insure your van, it is better for you understand basic things about van insurance.
Basic Knowledge about Commercial Van Insurance
You may not know what type of business that needs commercial van insurance coverage and as far as I know expeditors, couriers, florist, tradesmen who provide service calls are required to buy van insurance.
Basically, there are three van insurance levels: third party fire, third party and comprehensive cover. Third party fire coverage will take a responsibility when your van is stolen or damage by fire.
Meanwhile, third party policy will take a responsibility by paying out certain amount of money if you injured another person or his property. However, this policy doesn’t include your own van since you are causing the incident.
The last one is comprehensive policy that provides maximum protection to your van. In van insurance, there is maximum weight limit of 3.5 tons. If you have bigger van model, you will likely buy higher premium which of course drain your bank account.
There is a strict policy that you need to know when you plan to insure your van. The insurance company refuses to offer their coverage for those drivers under the age of 19-21. Since that age is considered as drivers who are lack of driving experience, it’s better for you to hire older drivers to your company.
How to Get Cheap Van Insurance
As a business owner you know how it feels when your income is not bigger than your outcome. Therefore, you need to cleverly manage your income by protecting your business with lower insurance rate.
Van usually has higher rate because it is the most fragile component in your business. Therefore, you need to find cheap commercial van insurance to manage the cost.
It is essential to hire safe drivers because it will affect the rates. Moreover, hiring drivers who has experience in the road will give you some peace in mind because your heavy and valuable goods will be in a safe hand.
Since you just begin your business, make sure to choose top rated van models. Unlike the old van mode which requires higher repair cost, it will be much better to choose newer fleet of vans that will give best value to your company.
To save more budgets, you can find multiple policy discounts from the insurance company. You will get cheaper price if you are a multiple policyholders. Or, you can also find the discount via online by signing in to certain insurance company to know better about their policy.
You may want to have perfect insurance but too lazy to go out and visit every insurance company in your country. Then you can go online but you have to make sure that you understand about the potential risk of your van.
Moreover, you can collect detail information about your business to support the data that will be submitted to get the commercial van insurance quote.