WHAT TYPES OF BUSINESS VAN INSURANCE ARE AVAILABLE
There is three common types of business van insurance. The one you need will depend on the type of business you operate.
CARRIAGE OF OWN GOODS
This is if you use your van to transport business-related goods or tools, for example, if you’re a self-employed cleaner or electrician.
You’ll also need this cover if you just use your van for commuting to a place of work or other business address.
CARRIAGE OF GOODS FOR HIRE AND REWARD
If you transport goods for payment then this is the option for you.
It is for businesses who transport goods to multiple destinations, like fast food or couriers (Such as Amazon deliveries).
Similiar to transporting goods for payment, Haulage is designed for drivers who have one single destination.
This could be across long distances as well.
You may also need insurance to cover the goods you are carrying.
DO I NEED INSURANCE FOR MY VAN IF I USE IT FOR BUSINESS PURPOSES?
Yes, it is highly recommended for business owners who use vans for commercial purposes to have the right insurance in place to protect their assets and operations. Normal social domestic & pleasure insurance is not going to cover your vehicle if you are using it for business purposes.
Commercial van insurance is a type of insurance that provides coverage for a wide range of risks specific to commercial vans, such as damage or theft of the van, accidents involving the van, and liability claims.
When it comes to commercial van insurance, there are different types of coverage options depending on the type of business use of the van. These include:
Carriage of Own Goods: for businesses that use the van to transport their own goods or products.
Carriage of Goods for Hire & Reward: for businesses that use the van to transport goods for hire or reward, such as delivery or courier services.
Carriage of Passengers for hire & reward: for businesses that use the van to transport passengers for hire or reward, such as taxi or shuttle services.
Having the right commercial van insurance in place can provide financial protection for your business, covering the cost of repairs, replacement of stolen goods, and legal fees in case of a claim.
It also ensures compliance with legal requirements for commercial vehicles to be insured while they are on the road.
Therefore, it is always better to be prepared and have the necessary coverage in place to protect your business from any unforeseen circumstances. Contact Aldium to learn more about your options for commercial van insurance based on your business use and get a quote.
HOW MUCH DOES COMMERCIAL VAN INSURANCE COST?
The cost of commercial van insurance varies depending on a number of factors, such as the type and value of the van, the type of business use, the level of cover needed, the driver’s experience and claims history, and the location of the business.
On average, businesses can expect to pay anywhere from a few hundred to a few thousand pounds per year for a comprehensive commercial van insurance policy.
However, it’s important to remember that the exact cost will depend on the specific needs and circumstances of your business and the type of coverage you choose.
That is why you should contact Aldium, We will search the market for you and obtain quotes from several insurance companies and compare the cover and costs for you. We can also help you understand the costs and cover options available, and help you to find the most cost-effective solution for your business based on your business use of the van.
It’s always recommended to read the policy terms and conditions carefully and understand what is and what is not covered.