Active Fleet Insurance

Despite the recent demise of HSBC Insurance Company, fleet operators still have a huge selection of fleet insurance companies to choose from. Whilst they were very active in the fleet market, particularly in the self drive hire sector, the remaining insurers are still engaging in a mini price war, albeit on a more selective basis. When looking at a fleet risk insurers are scrutinising the risk presented to them in even greater detail, analysing the history and performance of the fleet, assessing good risk management and, of course, the potential profit that can be made.

Those fleet operators that can fulfil the requirements that insurers are looking for can enjoy a range of policies that will suit their budget and needs. New fleet operators and those with either a poor claims record or exposure cannot expect the same choice. As insurer’s lack of investment income now begins to emerge in their accounts, any fleet that presents an unknown quantity or a risky gamble is at best attracting high premiums, at worst not being offered terms at all.

Insurers also have to consider the impact of continually high uninsured loss claims – these are losses legitimately claimed by third parties in addition to the physical claim such as loss of earnings, hire cars and the like. These claims remain a scourge to insurer’s profit and loss accounts. Whether this will change in 2010 following legislation remains, but for now the fleet insurance Market is still buoyant and competitive.

Active Insurance is a leading provider of highly competitive fleet insurance policies for UK fleet operators. Fleet policies available for businesses with 3 or more vehicles.