Fleet insurance can be taken out if you have 2 or more vehicles. It can make managing and keeping track of your fleet much easier as they are all combined on to one policy with one renewal date. A fleet could consist of company cars, vans, motorbikes, taxis, HGVs, LGVs or a mixture of them all.
One of the main advantages of some types of Fleet insurance is the fact that you could potentially have anyone who holds a valid UK licence within your company, and who meets the relevant insurance criteria (based on age, driving history, convictions etc) just jump in and drive without the hassle of having to ring through to the insurer to check details and add them on to the policy. There are three different levels of cover within a Fleet insurance policy; Comprehensive cover will give you the most protection on your vehicles, covering any damage caused to your own or third party vehicles or property as a result of an accident, whether it be fault or non-fault. It is also the most expensive of the three due to the increased level of protection. The middle level of cover is Third Party, Fire & Theft which covers all third party vehicles or property against any damage, whilst covering your own vehicles against damage from theft or fire only.
The most basic level of cover is Third Party Only, which offers no protection for your own vehicles, but will cover claims made against you for damages by any third parties. There are also different driving restrictions you can choose when setting up a policy; you could set your policy to Any Driver, meaning that anyone with a valid UK driving licence can drive any of your vehicles stated on the policy; or you can specify Named Drivers for each vehicle instead, which will be the cheaper of the two options.