There is no difference if your business is confined to an office environment or is road-based – you still need good insurance cover.
With small business insurance, there are a whole raft of liabilities that have to be covered by law. In the event of an accident occurring, it could mean financial disaster for any company not adequately covered by these liabilities. One of the most important aspect of office insurance, is General Liability. Limited companies are legally bound to this, as it protects the workforce and insures the general public as well.
Business van insurance is an area often overlooked by owners of vans who are self-employed or who run a fleet of vehicles. Because the premiums are slightly more expensive, it is often assumed that standard insurance is enough. The owner would be taking a great risk, as the contents would be unlikely to be covered. It may also be true that because of the likelihood of the van meeting with an accident whilst transporting goods, damage is highly likely to occur.
Many people drop collision cover when the vehicle reaches a certain age. When hit by someone else it would usually mean that they are no longer covered. This is a poor route to take, as damage to the vehicle could come at any time, from for example vandalism. if you look closely at the details of a policy, you may find that by excluding this cover you are not really saving much money.
Van insurance used to be prohibitively expensive, but nowadays excellent premiums can be found. The main benefits that you should expect to see are:
1. 24 hour accident recovery and roadside assistance. If fully covered, in the event of something happening you should expect to receive roadside assistance. It would be reasonable to expect a replacement for a damaged vehicle, if yours is damaged in an accident.
2. Repairs guaranteed for many years in selected and approved garages.
Tags: business van insurance, office insurance, small business insurance