Increased insurance costs lead to new offering
Insurance costs have increased by 20% in the last two years alone while the number of accidents on Britain's roads has fallen every year since 2005.
Now, Fleet Alliance has teamed up with an insurance intermediary to offer fleets the opportunity to access insurance rates from a panel of more than 25 companies nationwide, including Lloyds of London, to find the most cost effective quotations for their fleets.
The new solution, called Fleet Insurance, forms part of Fleet Alliance’s Fleet 360 suite of fleet solutions, which includes competitive tendering, accident management, fleet risk, flexi hire, driver check and fuel management amongst others.
Under Fleet Insurance, different types of vehicle can be insured on the same policy, including car, van and heavy goods vehicle fleets, taxi and courier fleets and any combination of each.
The new solution also reduces administration, provides one renewal date and one insurer and costs less per vehicle than insuring each vehicle on the fleet separately.
The firm claims Fleet Insurance offers a series of benefits for fleet customers. Depending on the level of cover provided, these include breakdown assistance, new vehicle replacement within 12 months of 1st registration, courtesy vehicle and windscreen cover on comprehensive policies.
Fleet Alliance commercial director, David Blackmore, said: ‘We have seen continual increases in fleet insurance rates in recent years, on the back of rising crash repair costs and other inflationary factors,’ he said.
‘With Fleet Insurance we want to continue our objective of helping our fleet customers keep their costs as low and as under control as feasibly possible, while still providing a first rate service.
‘We will ensure fleet operators receive a comprehensive review of their insurance needs whether it is a pending renewal or a new enquiry. With insurance costs increasing across the board and companies wanting to save money in the current economic climate, we feel this is the ideal time to launch this scheme,’ he added.