What is company van insurance?

A company van is essentially a van you use for work, whether you're a builder or plumber, sole trader or work for a big construction firm, you need the correct form of insurance to make sure you and your van are covered.

It's not just the type of businesses that use company vans that differ; company vans come in all kinds of shapes and sizes too.

Whether it's a light commercial vehicle, a tipper van or a Ford Transit, different businesses and companies use different types of vans depending on what industry they're in.

That's why it's so important that you have the right company van insurance because if you get it wrong, it can be costly for you and your business.

Different types of company van insurance

One of the issues company van drivers have surrounds the different types of business insurance policies available.

It's important you get the right company van insurance for your business.

Three types of company van insurance:

  1. Carriage of own goods - This covers your own goods, for example the tools you own to carry out your job.
  2. Carry goods for hire or reward - This covers delivery drivers and couriers who deliver other peoples' items and make lots of different deliveries throughout a working day.
  3. Haulage - Haulage cover is for delivery drivers who drop deliveries at fixed locations, usually with repeat clients. They drive the same routes repeatedly.

Which company van insurance policy is right for me?

It's important that you understand what type of company van insurance you and your business needs because if you get it wrong, your insurer might not pay out.

As a result you need to be clear about what your company does as it makes the whole process simpler.

If you're a builder, plumber or sole trader, generally, carriage of own goods is the cover for you.

For delivery drivers, it's more complicated. If you make lots of different deliveries to different delivery addresses every day, you're probably after carry goods for hire or reward cover.

If you're a delivery driver who delivers to the same addresses time and time again, often on fixed days and at fixed times, haulage cover is probably right for you. Ultimately, it's your decision.

Legal requirements for company van drivers

As is the case with any vehicle on the road in the UK, it's a legal requirement to have a valid insurance policy.

If you use your van for business, you need a company van insurance policy; there's no getting around that.

How do I get cheap company van insurance?

You can get cheap company van insurance when you compare quotes with The Van Insurer.

We compare quotes from some of the UK's leading insurers to help you save money and compare different levels and types of cover from different insurance providers in one place.

Should I auto renew my company van insurance?

Auto renewing your company van insurance is an easy option because you don't have to do anything but if you want to save money, it's often cheaper to get a new quote when your old one is up for renewal.

So if you're in to saving money, you should compare to see if you could save money when it's time to renew.