There are many important tasks involved in running a business and some of them are, unfortunately, not much fun. Insurance is one of those things that we only usually think about either when it expires, or when something awful happens and we need to make a claim. The rest of the time it remains unseen and largely unconsidered, but this can be an expensive thing to overlook.

It is common knowledge that searching for insurance quotes is one of those tasks that can quite easily be categorised under ‘not much fun at all’. There are countless websites which serve as a one-stop-shop for comparing insurance quotes, yet we are frequently told by advertisements that ‘prices do not appear on price comparison sites’ so it can quickly become quite confusing and tiresome.

When the time to renew your business van insurance it might feel tempting to simply stick with the insurer you have. There is a common misperception that staying with your current insurance provider means better value, but often it’s quite the opposite. Brits waste millions by automatically renewing policies each year, rather than shopping around; putting a little bit of effort in now, could lead to significant benefits in the future.

Types of policy

Some policies will cover your vehicle should you need to travel to Europe, while others might allow you to bring down costs further, with a voluntary excess arrangement. Some even include extra benefits such as breakdown cover or even a replacement vehicle.

There are almost as many different types of business van insurance policies as there are providers. Failure to properly research different providers, policies and prices will undoubtedly mean that you are missing out year on year; not just financially, but in terms of the cover you can expect in the event of needing to make a claim.

The best way to ensure that you are not missing out is to prioritise the insurance policy features that are most important to you and your business. You can then compare the different prices across a range of platforms, both on and off price comparison websites.

Remember to always read the small print and ask about any element or aspect of the policy that you are unsure of. Any reputable provider will always be happy to answer your questions and this will ensure you have the right level of cover for your needs.

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