It is very easy in these pushed times to save a bit of money here and there, but it is important to make sure that those few pounds saved does not end up costing you more in the long run. An example of this is keeping those fleet vehicles on the road or even those commercial vans used for delivering goods. It is important to calculate how much it cost your business if for example a delivery vehicle were to breakdown 50 miles from it base. There are 2 costs to consider, first the costs of the recovery of the vehicle and the subsequent repair of the vehicle in labour. The second cost of course is the cost to the business. What would happen if on that day, 10 customers did not get their promised goods? How could we get those goods and the next days goods out with fewer vans the next day? Would you need to refund any of these products, what would happen if this occurred on a Friday and you needed to bring in staff on overtime over the weekend to fulfil orders?
This is just one example of how a business could lose out big time if they do not have insurance to take care of their stricken vehicles. Of course we are referring to good old fashioned breakdown cover here when we say insurance. Just as many of the National breakdown cover operators offer an emergency service to domestic cars, they also have special fleet and commercial services for businesses that need to stay on the road.
A typical suppler of business services is the AA. We know the AA as the largest breakdown cover provider in the UK but as well as delivering roadside assistance to motorists over the UK, they also attend business vehicles providing they have taken out a business or fleet vehicle policy.
This post is not a sales message, but it is an argument that you should at least consider the risks and balance out costs versus risk. The bottom line is when everything is ok, it is a saving, but should a spell of bad weather come along like recently, who knows what the value to you is.