Commercial Fleet Insurance in South Africa

Commercial Fleet Insurance is the insurance of a 'group' of vehicles, that are insured under the cover of 'one' policy.

 
Manage your commercial fleet & utilize any risk management programmes
 
 

Need Commercial Fleet Insurance Assistance
 

Fleet Insurance is an important and effective part of managing the commercial fleet of a business and also assesses the risk of the entire fleet.

In the insurance industry, anything related to vehicles pose many challenges. This is mainly due to the following:

  • The cost of parts – most of which must be imported;
  • Cost of reinsurance being bought by a weak Rand;
  • Road conditions.

When it comes to vehicle fleets, all of the above impacts - and this in return, affects the premiums on commercial fleet insurance.

Some insurers set target criteria of a minimum amount of vehicles to qualify as a commercial fleet. Niche commercial fleet underwriters may look at a smaller number of vehicles in order to qualify as commercial fleet. They may also look at a tailor made solution from small delivery vehicles, car hire companies and allowance schemes for businesses.

Leading insurers may also look at smaller numbers to qualify as a fleet. They may however, require additional cover and liability cover being bought in order to qualify as commercial fleet.

There are many fleet insurance options to consider.

These options may be confusing...

In fact, the smartest thing you can do is -- Get a specialist broker to do it for you!

 
Also, note that Commercial Fleet Insurance products may cover the following:
  • In some instances your cover can vary from comprehensive, or self- funded, aggregate excess basis, third part fire & theft, or even third party only.
  • Some products include deposit cover.
  • Damage or loss of third party property, should be included in most policies.
  • Contents associated to the Commercial Fleet Insurance policy.
  • Injury cover is covered under most Commercial Fleet Insurance products.
  • It is advisable to utilize any risk management programmes offered by the insurers or niche underwriters. Managing your fleet, will positively impact on your commercial fleet premiums.
 
Important considerations with regards to Commercial Fleet Insurance:
  • Get a good broker offering, professional advice and service.
  • Get as many quotations from reputable insurers or underwriters as possible.
 
 
 Tailor made solutions are available on Commercial Fleet Insurance
 
 
 
 
 
 
 
Broker Directory – Smart insurance advice brought to you by professional insurance brokers!
Back to Articles Page