Commercial Motor Insurance
We all need it…
Delta Corporate Risk place business in the UK fleet market on a daily basis. We are here to negotiate the most competitive price based on your requirements and at the same time identify and match the most suitable Insurer based on the knowledge we hold on each of our clients. We can add value to your business motor insurance by our relationships with underwriters and our in depth review of your covers.
Sounds simple ?
Well yes, it should be but we regularly see examples of where client's requirements are not being met either on a cover or pricing basis. Our comprehensive review methods ensure our clients receive best advice on all occasions. Below are several examples of what we have encountered when reporting on prospective client's covers.
Business needs to keep moving.
Risk management helps…
We understand your business needs to keep moving which is why we operate in conjunction with a 24 hour accident management company working alongside our in house claims team.
It is essential that client's requirements are matched with their needs - whether we are placing cover for an 85 tonne heavy goods low-loader, a transit van or a £1.5m supercar, client's individual circumstances are always taken in to account when we consider which Insurer is recommended.
We partner with several risk management firms involved in vehicle security, telematics and in car camera systems and our account executives would be pleased to discuss these in more detail.
We have evidenced the tangible benefits of implementing risk management measures on business fleets which assist in disputing bogus or exaggerated third party allegations and improve driving efficiencies.
Commercial Motor Insurance Case Studies
Tool hire company
A tool hire company had cover arranged with a well-known Insurer which at face value seemed to cover their requirements.
After a review by Delta Corporate we uncovered gaps in the client's motor programme including regular deliveries to high hazard locations which had not been pre-agreed with Insurers and effectively left the client self-insured.
A woodworking firm in the Midlands ran their own fleet of cars and light commercial vehicles transporting own goods.
We were appointed as their broker following a premium saving of 20% and after highlighting incorrect class of use on several of the vehicles which on return journeys to customers had started to pick up other people's goods and charge them for delivery. We incorporated the correct vehicle usage as part of our proposals.
We were appointed as broker to a haulage client paying £100k+ after we uncovered a number of serious shortfalls in the way cover had been arranged. They had misgivings about some aspects of their existing broker's service and after an initial meeting it was apparent to us they had concerns over premium charges and the covers they had in place. Shortly after the initial meeting we reported back to advise there were serious gaps in their insurance cover.
The client appointed us to deal with their existing Insurer and advised us to continue our review as their priority was to safeguard their business and obtain the correct cover.
Our final report highlighted the areas where we felt they had real business exposures. These areas included an incomplete business description with certain areas of their work not being insured, no insurance cover for ADR work (carriage of dangerous goods), certain vehicles not being on cover, policy conditions not being complied with, wrong estimates and incorrect vehicle values being used to name but a few.