Risk context
Once a fleet reaches a certain size, pricing is driven by its own claims record rather than by individual driver profiles, which makes claims-frequency management a commercial lever.
Goods carried, hazardous loads and work away from base each change the structure of the programme.
Concepts that appear in this class
- Fleet rating
- Larger fleets are commonly rated on experience rather than on a per-vehicle basis.
- Goods in transit
- Cover for goods being carried is a separate section from the vehicle itself.
- Driver conditions
- Minimum age, licence and endorsement conditions are frequently written into the policy.
- Tools and plant
- Equipment kept in vehicles overnight is usually subject to its own conditions.
These are general descriptions of terms commonly used in this class of insurance. They do not describe your policy. Whether any of them apply, and on what terms, is determined by the wording, schedule and endorsements issued to you.
What moves the terms
- 01Vehicle types, values and annual mileage
- 02Driver population and licence checking process
- 03Goods carried and radius of operation
- 04Fleet claims frequency and cost