We have quite a few new Motor Fleet Insurance customers come to us due to a severe increase in their renewal premiums. Is it too little too late or can we pull a rabbit out of the bag and get the cost of their increasing Mini Fleet and Fleet Insurance premiums down.
Unfortunately, in most cases there is no magic to be performed as the claims clients are having and the frequency they are having them at far outweighs there premium. The result when this happens is the fleet insurance market looks at the presentation when presented with it, sees the risk will only lose money and either decline or place extremely high premiums on it.
How do we help our clients with their Fleet Insurance?
As we have years of experience in the fleet market, we speak to clients and guide them properly on how to run a good Motor Fleet. We drill it into them from day one the importance of protecting their fleet and how to create consequence for drivers. If a driver you have just employed gets into one of your vehicles without any consequence more than likely they will have a claim. If you create consequence and from the of explain this van must be looked after and they are surrounded by trackers and cameras then the driver will suddenly realise you mean business and will not claim.
There is no excuse for driving company cars recklessly, but company car drivers do and as a result they end up costing companies thousands of pounds extra in renewal costs. For this company directors can only kick themselves as they haven’t protected their fleet, which in turn effects profit. Even if it’s only a 4/5 vehicle mini fleet insurance, it doesn’t mean you just turn a blind eye to not getting in place effective claims management. The same rule applies to mini fleets as it does to large motor fleet insurance.
At Construction Insure we always make sure we have advised and are advising you throughout the course of the policy on the consequence of claims. This way when you come up for renewal you are fully aware of what lies ahead regarding premium. Fortunately, 90 % of our clients take on our advice, have full telematics etc installed and can look forward to a consistently low rate per vehicle for their Mini Fleet insurance and their Fleet Insurance year in year out.