Limited company van insurance is a plan choice to consider when you have limited needs for insurance but still recognize the importance of being insured. Operating a company that relies on transportation is a reality that many business owners face. These types of ventures can include anything from courier operations to regular businesses that simply need vehicles to transport from one meeting to another. Regardless the nature of the venture that you operate, being properly insured should be a main priority before driving, regardless of how limited those cover needs may be. Here are the main reasons why it is so important to have limited company van insurance before using the van for company purposes as well as some basic policy choices that you can begin considering.
Insurance is one of the most important expenses you will pay when you own a venture. Policies are what will protect you from the various damages that could potentially happen to the van that you own. Without proper protection, you would be left with immense financial responsibilities and could face large hardships for the venture for years into the future. As such, you should never risk being without limited company van insurance when you own a vehicle that will be used for business purposes so as to avoid the financial complications that could result from this type of situation.
Another reason why this type of specialist van cover plan is so important is because the law where you are located requires that you be insured. As you have probably heard, those who drive without proper insurance can face a significant addition of negative points to their driving record and typically face high fines because of the mistake. Additionally, the law enforcement system has now implemented standards which make it easier than ever to catch those driving without insurance protection. As such, the risks of being without cover, regardless of how limited your needs may be simply aren't worth the consequences that would be faced.
Although it is so important to have protection because of the consequences that are associated with not having a policy, you may be wondering how to meet any limited needs that you have with the proper quotes to compare and select. When you think that you may only need the most limited company van insurance plan, then your needs may be properly met with third party cover. This is the basic type of plan that will help to meet most legal requirements of being insured.
With the limited option of company commercial third party cover, if you cause an accident, the damages you cause to the vehicle of another private or other driver can be protected. This can reduce the financial responsibilities that you will have after an accident, while also helping to save you more money in the process on premium costs. If you would also feel more comfortable with protection on the van that you will be driving, you can consider adding theft and fire protection to the third party plan that you purchase.
Of course, if you think you actually need more than only limited company van insurance plans, then consider comprehensive cover. A comprehensive plan provides added protection to cover you from many damages that could happen. Both your van and the vehicle of another driver can be protected with this policy.
One of the most common short term plans that are purchased is temporary cover. When you will only be driving the van for a short period of time, your needs for insurance will really be limited in nature. However, since you must be insured regardless of the short length of time you will be using the vehicle, it is important to begin researching limited company van insurance plans for short ventures such as the one you will be taking.
There are many reasons why company owners select limited company van insurance plans for temporary periods of time. Perhaps you will be taking a business excursion and want to drive the business's van rather than using other forms of transportation. In such a situation, you would likely save more money with a short term limited company van insurance plan rather than shopping for other policy choices. By doing this, you would save more while still being a properly insured driver.
As you can tell, there are many situations where limited company van insurance can be useful. As such, the next time you need to insure a company vehicle but only need the very basic in protection, consider these policy options. The most important factor is that you at least have the minimum amount of insurance that is required by law so as to avoid unnecessary legal complications for you and the company that you own.
"Van insurance is one of those things you've just got to have, but finding it is another matter entirely. With the help of this site, I was able to educate myself on the subject and determine which policy I needed before applying!"
Kenneth A, Swansea UK