If you have a van then you may be absolutely baffled by the sheer amount of choice you have when it comes to getting insurance for it. You have regular van insurance, small van insurance, commercial van insurance… and the list goes on. You may not be aware of the latter option but commercial van insurance is a very specific form of insurance that applies to you if you transport goods or passengers for money. In other words, this applies if you are in any form of paid employment using your van. It even applies if you offer hire vehicles to other individuals.
Commercial van insurance is very different to the vast majority of vehicle insurance policies out there today. This is primarily because the quotes are actually made by primarily specialist companies on the strength of several key factors that do not apply to other vehicles. For example, the following factors are all taken into account when commercial van insurance quotes are given:
• Total weight of the van when it is loaded
• The nature of the contents that are transported, including the size of the goods and the type of goods, with hazardous goods being given an increased premium
• Any modifications that have been made, such as ramps and lifting mechanisms
• Whether you will be transporting goods that belong to you or someone else
All of the above can certainly hike up the premiums but it is possible to find cheap commercial van insurance if you choose to compare quotes. Price comparison is essential to reduce the costs to you and your business so you can get the best possible value for money with comprehensive insurance on your side.