Fleet isurance is suitable for businesses, with two or more vehicles, that prefer them all on one single insurance policy. This can work out much cheaper than insuring them separately.
Zurich, the Swiss owned insurance group with over 50,000 employees, offer two classes of cover: Motor Fleet for those with 21 or more vehicles to insure, and Small Fleet, for 2 to 20 vehicles. They can offer a personalised solution for Motor Fleet cover including both traditional cover and more unusual risks like absenteeism, brand damage, and service level failures as a result of vehicles being off the road. The Small Fleet policy is mainly aimed at commercial cars and motorcycles rather than trucks and HGVs. The policies can be tailored to cover any driver employed by the company, without any additional excess for younger ones.
Insurance giant AXA, with 153,000 employees and 105 million clients, will insure motor fleets for larger companies operating both nationally and internationally, and vehicle leasing companies. They will cover not only vehicles that are owned, or leased, by the company but also those belonging to employees but which are used for company business. They can provide both traditional cover and non-conventional answers, and can provide access to AXA Assistance, their breakdown and recovery service.
Flock is a newcomer. It has only existed since 2015 as an insuretech, initially insuring drones. Thanks to their technical knowhow thay were able to affer not only policies per flight, but right down to the nearest second. To develop that knowhow they received five government research and development grants. They graduated to being a Managing General Agent - a type of broker but with underwriting authority - under Japanese global insurer Sompo, and they work with Allianz on bigger and more complicated cases. Flock Motors, which covers fleet insurance, was launched in 2020 and they cater particularly for clients that need a more flexible service, that allows them to make changes at minimal notice, and who would like to take advantage of ways of reducing risk using the latest technology and datesets such as up to date weather and traffic conditions to help drivers work more safely and efficiently.
HDI's history goes back to 1903 as an insurer for German industry. It is now part of the Talanx Group, one of Europe's major asset management, insurance and re-insurance companies with around 23,000 employees. Their motor Fleet insurance product uses in-vehicle telematics to help improve driver safety and efficiency, and reduce 'at fault' claims. They also have a driver education programme including psychometric profiling to help employers select and train the right staff. Telemetric support is mandatory, and agreements have to last for a minimum of two years. They prefer clients with a minimum of 250 vehicles of all kinds.
Acorn are brokers who have been providing home and vehicle cover since 1981. Their motor fleet policy will cover as few as three vehicles and it is designed for multiple drivers for multiple vehicles; a remedy for smaller businesses in which different members of staff will need to drive any one of several company owned vehicles during the working day. They can also provide goods in transit cover , which is a must for delivery or courier drivers. It is essential to inform them, though, if any items to be carried are particularly valuable.
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