In the UK, what are the options for arranging insurance for your commercial van? What type of insurance should you go for, and what specific features and extra should you seek? How can you make sure that you are not paying more than you should?

Of the three principal kinds of van insurance policy that are available, you should if you can afford to, opt to take out a fully comprehensive policy. If you do not do so then you will not have cover for the damage to your finances which an accident could cause. The bare legal minimum of a third party policy is not enough.

You need a realistic amount of third party cover and if necessary you should look at taking out a further umbrella policy to top up the cover. Such an extra policy will be a cheaper way of obtaining a higher level of insurance than increasing the limit on your principal policy.

Matters which you may want to check are present in the policy are: breakdown cover, an essential for a commercial business, and cover for the tools and materials that you will be carrying about in the van. Depending on the nature of your business you may or may not want to include re-painting and making good the van after accidental damage. For some kinds of business the look of the vehicle will be an important signifier of a thriving, trust-worthy business. For others that is far less the case. Only you know what the priorities of your customers are.

To save time and inform yourself, you should use the internet, but probably follow that up with a phone call to test the company’s service ethos, if nothing else. You should then go back to the internet to buy the policy if as is quite likely, internet business will attract a discount.

You should ensure you are fully familiar with the terms of your van insurance, and do not fall foul of any requirements for example as to the cargo carried or the security of the van. You should not allow people under 25 years of age to drive the van, nor anyone whose driving has led to claims or prosecutions. If you can’t avoid that, declare it to the insurer. Follow these suggestions and you should find the right policy, and also avoid needless expense.

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