With 65% of all company vehicles expected to be involved in a road accident within the next 12 months, selecting a reliable fleet insurance broker becomes paramount. Beyond offering advice, expertise, and an efficient claims process, they should function as an extension of your team.
According to Mark McKenna, National Fleet Insurance Sales Manager, the average repair costs for each fleet insurance claim range from £750 to £4,500 per claim. This doesn’t include expenses related to vehicles being off the road (VOR) and the subsequent impact on your business. Given that fleets are often critical to business operations, both planned maintenance and unplanned downtime can significantly strain resources.
While many fleet operators have protocols in place for managing their own drivers involved in accidents, they often overlook managing third parties, leading to a surge in third-party claims. Although these costs might not manifest immediately, they usually result in higher premiums for fleet vehicle insurance.
Recognising the detrimental impact of prolonged claims on businesses, we actively pursue insurers to swiftly resolve third-party claims, thereby minimising losses and keeping driver reserves in check. With our expertise, we aim to reduce vehicle downtime and ensure optimal outcomes for your fleet vehicle insurance.