| Why Do I Need Commercial
Van Insurance? Owning and driving
a van for your business means taking on many risks to
yourself and others. When a traffic accident happens,
damage, injuries, loss or all of these factors may be
inflicted upon you and others. Damage and loss of your
property may also occur. Fire, theft, vandalism and
natural disasters are other possible risks.
Commercial van insurance is a contract
between you and the insurer, specifying each party's
rights and obligations. Essentially your insurer promises
to provide specific coverage for you in return for your
payment of premium.
Commercial van insurance is designed to
protect yourself and others against these risks. It
provides financial cover and can also offer other services
(eg. A hire van if your van is under repair from accident
damage when the need arises.)
In the UK you must, by law, insure your
legal liability for injury to others and damage to their
property arising from the use of your commercial van
on the road. This is known as third party insurance.
In addition to this basic level of cover policies typically
include fire and theft cover.
How Often Do Accidents Happen?
There are over 1/4 of a million road traffic
accidents and 300, 000 road related casualties in the
UK every year. It is estimated that between 25 and 33%
of serious and fatal road accidents involved a victim
that was 'at work' at the time.
According to a recent police survey over
47,000 light goods vans are stolen from British businesses
each year. It is estimated that this equates to £152
million in lost assets independent of any additional
costs such as increased premiums, loss of earnings and
alternative transport expenses.
The best quotes tailored
specifically for your needs from our network of the
UK's most competitive underwriters.
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