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How is commercial van insurance policy useful?

How is commercial van insurance policy usefulThe basic use of vans remains transportation, but it makes a lot of difference if the same van is used for different purposes. Initially, vans came out in the same size and model. But as time went by, more number of people started buying and using vans. This gave room for different kind of vans being made that suits the requirement of all the people. A lot of vans got introduced this way and manufacturers are still launching vans that are enhanced version of the previous vans.

As the number of vans increased on the road, the government also made it compulsory for all van owners to have insurance van for it. The basic being the third party cover that covers the risks of the third party alone. This is the cheapest cover available as the risk covered is also minimal. This makes it easy for every van owner to get this insurance policy. Others, however who are more concerned of their business get a comprehensive van insurance or third party fire and theft that covers more risks.

To cover the commercial risks that a van would face depending on the work for which it is used, commercial van insurance is provided. It is also known as business van insurance as it covers the business risks. Commercial van insurance UK is more expensive than the personal van cover and this makes some to cover their vans stating it would be used for personal use but using it for commercial purposes. This seems to be a small lie told but can have serious consequences. When fraud is detected by insurers, it will invalidate your policy and shoot up all your insurance costs permanently.

Commercial policy is useful as it covers the industry specific risks. Except for courier industries, all businesses are covered. This is because courier industry has a separate cover for it as their risks are entirely different from other businesses.

Commercial risks covered are different for each business as the goods transported vary. There is an option of naming drivers in the policy or you can have any driver policy wherein any driver will be covered as long as he has a valid driving license.

Also it is to be noted that, the policies will not only have varied terms and conditions, but also the risks covered will be different in a policy that has the same name with two insurers. Get your quote from the leading uk van insurance brokers – insurancevan.co.uk.

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