It takes a great deal of hard work and effort to build up a small business – whether you are operating as a one-man band or employ others to help run your enterprise.
Thankfully, though, it is not all hard work and no play. There are times when the assets normally put to work in the interests of your business may be used for your own recreational relaxation and enjoyment too.
Take the case of the van that normally gets you and your team from one job of work to the next or is used to carry all the tools, equipment, supplies and materials you need during the course of a working day.
Come high days and holidays, that same van may be pressed into service for your own holidays, trips or travels – all that it takes is a simple addition to the usual business use of your private van insurance to cover private use too.
Rest assured that our specialist van team here at constructaquote.com has your interests in relaxation at heart too, and are ready and waiting to ensure that your van remains fully covered when you use it for social, domestic and pleasure purposes.
Why choose constructaquote.com?
- We search a panel of 17 insurers to find you the most appropriate policy so that you don't have to
- We offer a free claims assist policy with every van insurance arranged
- There is no excess to pay in the event of a non-fault claim
- Policies come with a full accident management service following any accident
- A like-for-like replacement vehicle is provided in the event of a non-fault claim
Why private van insurance?
Whilst your van may be insured for normal business use, private van insurance adds the cover necessary for you to use that commercial vehicle for some of the things you might prefer to be doing when you take time off in and around the UK from your busy working day – recreational and relaxation such as camping, fishing, or even just grocery shopping!
Motor vehicle insurance for your business and cover for the private use of your van, pick-up truck or any other vehicle, follow a number of the same rules – the most central of which are those relating to the level of insurance cover you choose:
Third party only
- This is the minimum level of cover required by law for any motor vehicle – not only whilst it is being driven on the roads but also when it is parked on your drive or kept temporarily off road
- Ignore this legal requirement at your peril. The law imposes stiff penalties if you are the keeper of a vehicle that does not have the legal minimum of third party insurance. If that vehicle is being driven whilst uninsured, the penalties are even stiffer.
- Nevertheless, the cover really is quite restricted and limited to injury claims from third parties (including any of your passengers), damage to third party property and indemnity for certain liabilities when towing a trailer or a caravan
Third party, fire and theft
- Just as the term suggests, this level of cover includes the third party only cover but also adds protection of the vehicle against the risks of fire damage, vehicle damage, and damage to the vehicle during a theft and attempted theft
- In this case, comprehensive refers to the most inclusive level of cover on offer – although the precise nature and extent of that cover may vary quite widely from one comprehensive insurance policy to another
- Amongst the risks and perils typically covered by comprehensive policies are included
- Liability to others (including your passengers)
- Damage you have caused to third party property
- Your liabilities whilst towing a trailer or a caravan
- Fire damage
- Accidental damage to your vehicle
- Windscreen replacement cover
- Medical expenses in the event of your personal injury
- The provision of a replacement vehicle pending the repair of your vehicle
- Loss or damage to the vehicle
- Cover for the vehicles tool kit
- EU cover – is typically included, but it is prudent to check with your particular insurer exactly what is covered, especially if you travel to continental Europe on a regular basis.
When extending insurance cover for the private use of your commercial vehicle, you might also want to review the amount of excess you may have to pay in the event of a claim. This is effectively an uninsured risk, for which you remain financially responsible.
It is especially relevant, since you might want to take advantage of the reduction in premiums made by insurers in return for your agreeing to an increased excess. Beware, however, that this is going to increase – possibly quite significantly – the amount of your contribution in the event of any claim.
Whilst you may have Goods in Transit insurance during the vehicle’s business use, when you are using it in a private capacity, you might want to check that you have sufficient cover for personal possessions in the vehicle at any time.