Why compare haulage insurance quotes?

As the website Workspace has made clear, the haulage industry is not only changing but also becoming increasingly competitive.

In that highly competitive environment, your haulage business needs to stay lean, with expenditure on all operating expenses kept under tight control and costs directed towards essential items that represent genuine value for money.

Among these costs is likely to be your haulage insurance. It provides essential protection for your business and, in some respects, may also be needed to meet your legal obligations as an employer, but there may still be ways in which you may save money on haulage insurance.

Here are just some of the ways in which you might save money and remain sufficiently competitive in your fast-moving industry:

 

Fleet insurance

·      potentially save money, time, and administrative inconvenience by arranging insurance cover for all of your vehicles under a single fleet insurance policy;

·      not only do you reap the possible discounts offered by such deals, but you then have only one renewal date to worry about, rather than a host of different policies scattered throughout the year;

·      fleet insurance for all your vehicles also helps to avoid the risk of any oversight leaving any truck or lorry in breach of the law because it is uninsured;

 

Named drivers

·      if you employ a regular team, you are likely to have taken advantage of any possible discounts available by restricting your policy to named drivers only;

·      but is that list of named drivers fully up to date – with the names of former employees deleted and new ones added;

 

Valuations

·      any motor insurance – but haulage insurance in particular – depends on accurate and realistic valuations of the vehicles insured;

 

Hazardous goods and specialist vehicles

·      accurate valuations become even more critical if you are involved in the carriage of hazardous goods and use specially adapted or constructed vehicles in your fleet;

·      our specialist expertise and experience may help to ensure that you arrange cover which is individually tailored to your specific needs and requirements;

 

Employers’ liability insurance

·      whether your employees are limited to the drivers you need or also extends to staff working in your yard or back office, you must have a minimum of £5 million employers’ liability insurance– that is the law;

·      you face fines of up to £2,500 a day if you are not adequately insured;

 

Excesses

·      just as with other types of motor insurance, you may be able to reduce the cost of your premiums by increasing the excess you agree to pay in the event of a claim – your greater share in the risks means that the insurer has less to bear;

·      remember, however, that the higher your excess, the more you may need to contribute in the event of a claim.

 

Help your haulage business to maintain a commanding position in an increasingly competitive industry by saving money on the insurance that is essential to your operations.

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