Business Van Insurance

Business van insurance is applicable to anyone who uses a vehicle under 3.5 tonnes for work purposes, including travelling to and transporting tools, business equipment, or goods that are required for a project. Policies usually apply to:

• Painter and decorators
• Carpenters and joiners
• Builders
• Plumbers
• Electricians
• Plasterers
• Kitchen/bathroom fitters
• Carpet fitters
• Gardeners and landscapers

What does it cover?

There are two forms of tradesman’s van insurance that have different coverage:

1. Third party, fire, and theft

This type of policy provides coverage should a third party (another driver) make a claim for damages. It also provides cover should your vehicle be damaged by fire, or stolen.

2. Comprehensive coverage

This type of policy covers third party, fire, and theft, but also includes any claims you may make for injury to yourself or damage to your own vehicle in an accident.

Do I need it?

It is a legal requirement for tradesmen to have third party, fire, and theft level van insurance if they use a vehicle for commercial purposes, even only used occasionally.

It is not mandatory to have comprehensive cover in place, although many tradesmen do prefer to have the peace of mind that comes with having enhanced coverage.

How does the process of securing tradesman van insurance works?

1. Research: Read reviews and testimonials on TrustPilot to narrow down quality insurers
2. Compare: Visit insurer websites, enter details, and obtain quotes for comparison
3. Decide: Select a reputable insurer that offers a policy that fits your needs and budget
4. Customise: Confirm your level of coverage, and any additions to the policy
5. Relax: You’re all covered, and can go to work with confidence

Do I require it?

Every tradesman that relies on a light vehicle for work requires tradesman’s van insurance. Consider that, according to the RAC, an average of 30 work vans are stolen in the UK each day, and more than one third of businesses have experienced a van theft. It’s clear that tradesmen need to be proactive in protecting their livelihoods.

Tradesman’s van insurance is essential for ensuring that, should the worst happen, you can get back on your feet quickly and avoid losing out on opportunities. And with specialist policies, you may be able to benefit from additional support in challenging situations, too, such as hotel cover if you are unable to travel home from a job.

How much does it cost?

Costs for tradesman’s van insurance will vary between providers, and the type of coverage required. Basic third party, fire, and theft policies will usually be the cheapest option, although they do not offer as much protection as comprehensive policies.

The average cost of commercial van insurance in the UK has been rising. In 2021, premiums were reported to be 37.4% higher on average than in 2014. However, there are a number of ways to keep the cost of tradesman’s van insurance to a minimum:

• Choose a smaller van
• Opt for a smaller engine size
• Implement security measures where possible
• Compare quotes to get the best price