MkIndy7
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| posted on 10/2/08 at 12:13 PM |
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Company van insurance
Hopefully somebody will be in the know or have some pointers on this one.
What are the implications or downfalls of your company vans you drive only being insured 3rd party?.
Last saturday night whilst parked outside his house a collegues van was crashed into and written off while the little buggers did a runner!, sp he had
to fill loads of paperwork in and then midweek we got a call from the boss..
the insurance company aren't interested...
"what do you mean not interested?"
well were only insured 3rd party on the vans!
Now this seems a very irresponsable attitude from the company from what I can see, and i'm suprised you can even do it really for such a large
company.
I'm just wondering what other shortfalls this has for us?
Should the van get broken into.. (which they won't invest in alarms to prevent) probably 75% of the equipment in the van is there's, but
there's little creature comforts and extra tools you buy yourself just to make your job easier, and a few of the lads have bought sat
nav's as they won't!.
So obviousley they won't be covered, but what else?
If you crash the van and are unable to work would this be covered if fully comp and not 3rd party or anything?
I'm just worried this could have some serious implications on us by there shortsightedness in going for the cheepest cover.
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joneh
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| posted on 10/2/08 at 12:54 PM |
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I think you'd have to go through an injury lawer specialist. You'd probably have to sue the company if they wont look after you after an
accident, unless you caused the accident through negligence.
The company would have to replace your van straight away, as they wouldn't wan to loose business either.
Personal tools probably wouldn't be covered as you mentioned.
Other than the above three concerns it doesn't matter what cover they have as its not your van!
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omega 24 v6
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| posted on 10/2/08 at 01:29 PM |
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quote:
Should the van get broken into.. (which they won't invest in alarms to prevent) probably 75% of the equipment in the van is there's, but
there's little creature comforts and extra tools you buy yourself just to make your job easier, and a few of the lads have bought sat
nav's as they won't
BE WARNED
a high percentage of insurance policies WILL NOT cover the van contents between the hours of 10pm and 6am unless they are in a secured compound.
Not a lot of people realise this (my company never)
If it looks wrong it probably is wrong.
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JoelP
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| posted on 10/2/08 at 01:50 PM |
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i dont bother insuring my tools. I figure that by the time ive complied with their requests (ie emptying the van every night, alarm and deadlocks etc)
then its very unlikely id get robbed anyway, so i may as well save the money!
To be honest though, with 3 or 4 items i could take a grand out the van, so i probably should take these in on an evening. £250 drill, £230 router,
£500 mains tester. If the pikeys want to nick my screwtray they are welcome to it! 
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MkIndy7
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| posted on 10/2/08 at 02:09 PM |
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Maybe its not that bad or unusual then,
I was just worried that they were being tight and putting us at risk or not really covering us properly, and it doesn't sound like the contents
are really covered however its insured if there's that many requirements.
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MikeR
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| posted on 10/2/08 at 02:17 PM |
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My company made 60million profit last year (not turn over, profit). We only insure the cars and vans third party.
The view is simple, its not cost effective to do it any other way. We've got hundreds of company cars and one of the largest transit van fleets
in the uk (i've been told we're in the top ten - although i find that hard to believe)
Anything inside the van when stolen is lost. If you're ill because of an accident check your works policy on sickness - if you get 13 weeks paid
sick leave a year, you get that. Any more and you're into a legal claim against the person who hit you.
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