Commercial Insurance – the basics: Motor Insurance

Motor insurance is one of the most common types of insurance bought in the UK, and most of us will have experience of this through insuring our personal vehicles. Motor insurance is a legal requirement in the UK under the Road Traffic Act 1988 if you own a vehicle.

This type of insurance can cover a range of vehicles, including:

• Private Cars

• Commercial Vehicles

• Motor Fleets

• Minibus

• Trucks

• Special Types (Tractors, Fork Lift Trucks, etc.)

• Trade Plates

As a commercial insurance broker, we arrange motor insurance for fleets of vehicles or individual commercial vehicles for organisations such as businesses, charities, and schools.

What Motor Insurance Covers

This type of cover provides a promise to cover the costs of any claims relating to:

• Liability to third parties following an accident

• Loss of, or damage to, the vehicle as a result of specified perils

Things to Consider Before Approaching an Insurer

Type of Cover – generally, cover options are:

• Third Party Only – liability only

• Third Party Fire & Theft – liability plus fire or theft damage

• Comprehensive – full cover including damage to your own vehicle

Driving Restrictions – insurers offer cover for different types of drivers, ranging from insured-only to any driver. You can also decide on the age of drivers allowed to use the vehicles – no age restriction, drivers over 21, 25, or 30.

Information We Need as Your Broker

To arrange motor insurance, we usually need:

• Details of your vehicle(s) and their use

• Proof of Bonus/No Claims Discount for individual vehicles or three years confirmed claims experience for fleets

• Information from your current or previous insurers

How We Can Help

We are always pleased to talk to businesses and charities about their motor insurance needs. Please get in touch if you think we can help.

For more information about how to buy insurance, you can download our buyers' guide.