Why Van Insurance Policies are not the same as Car Insurance Policies

When you have a commercial vehicle, it is important to carry the proper insurance. Commercial van insurance is similar to car insurance, but not the same. The largest difference in these policies will be the liability coverage.
Why You Need Adequate Van Insurance
As a business owner, you are already aware that you are at higher risk of being sued than a non-business owner. Little things that may be overlooked when an event happens between two people on the road will not be overlooked when a commercial van is involved. Why? Because the other party assumes that there is a large enough policy to cover any damages they may have received, and they will make a claim to see if they can benefit.
While this may sound a little harsh to state, sometimes the truth is ugly. This is why business owners must make sure when they are insuring their fleet that they purchase the right type of cover to protect their business. They must have large enough liability coverage to cover any possible event. Cutting costs on insurance is never a smart move.
What Can Impact Your Insurance Coverage?
Businesses, of course do not want to throw money away by over paying for policies, so how can they reduce their costs without reducing their coverage? There are a few things that can save you money on your commercial van coverage.

 Driving Records. You will have to be very strict about the people that you select to drive your vans. Poor driving records of employees can impact the cost of your policy. The insurance company will review your employees records and base your rates on what they find. This review happens periodically, so it is also important to continually review the records of your drivers.
 Age. Insurance companies will charge higher rates for commercial drivers that are under the age of 25. This age group is seen as high-risk, and your rates will reflect that risk.
 Vehicle Age. If you have an aging fleet, your rates will increase. Cars and vans over 5 years of age are seen to be a higher risk and more apt to break down and cause an accident. The older your fleet is, the higher insurance you will pay. 
 Bundle Your Policies. As a business owner, you will need to carry several different policies to protect your business. Purchasing multiple policies from one provider often reduces rates.
 Comparison Shop. You should take some time to look around to different companies for a quote. Each company will vary in the amount they charge for the same type of policy. By shopping around, through insurance sites such as www.monkey.co.uk, you will always find the best rate.
Of course, the most important issue is to make sure that you have proper coverage on your van before your commercial vehicle enters the roadway. This is the only way you can protect your business, your employee and any other person that may be involved in the accident. 
Author Bio:
Georgina Clatworthy is a former small business owner who understands the importance of sufficient and correct coverage when it comes to insurance.  Websites such as www.monkey.co.uk make comparing insurance coverage easy.  Comparing quotes from providers across the market can help you find the right cover at an affordable premium, ensuring your van insurance fits your needs perfectly.
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