Business Van Insurance
We offer simple, business van insurance whatever level of cover you’re looking for.
Importance of Business Van Insurance
Commercial Van Insurance is crucial for a variety of reasons. Primarily, it is a legal requirement for all business vehicles in the UK. It safeguards not just your van but also your business against potential financial losses resulting from accidents, theft, or damage.
Moreover, having a comprehensive Business Van Insurance policy ensures peace of mind, allowing you to focus on growing your business without worrying about unforeseen incidents that could potentially disrupt your operations.
Great value cover
Flexible insurance policies to suit your needs
Claims helpline
Available 24/7 for motor and home policies
My Account
Access documents and more when convenient to you
Budget’s Business Van Insurance features and benefits include:
Key features of Business Van Insurance
- Cover for loss or damage to your vehicle caused by accidental or malicious damage, fire, theft or attempted theft, or vandalism
- If your van is not safe to drive after an accident, the- van insurance company will arrange for it to be delivered to a repairer.
- If your van is hit by an uninsured driver, you will not lose your no-claim discount, and any policy excess payment will be refunded.
- The policy allows you to carry passengers, so you're covered if you transport colleagues or clients.
- Cover for loss or damage to your vehicle caused by fire, theft or attempted theft
- Your liability to any person for death, bodily injury, or damage to property caused by an accident involving your vehicle
- Third Party Fire and Theft cover whilst travelling abroad for up to 30 days in any one policy term
- Your liability to any person for death, bodily injury, or damage to property caused by an accident involving your vehicle
- Third Party Only cover whilst travelling abroad for up to 30 days in any one policy term
Things not covered by insurance
- Van insurance doesn't cover your van if it's being used for purposes not specified under the description of use
- There is no cover for theft if the keys are left in or on the vehicle while it is left unattended
- Loss or damage whilst the vehicle is left unattended without being properly locked is not covered
- There is no cover to drive another person’s vehicle under this policy
- There is no cover for damage to your vehicle caused by accidental or malicious damage
- There is no cover for theft if the keys are left in or on the vehicle while it is left unattended
- There is no cover to drive another person’s vehicle under this policy
- There is no cover for loss or damage to your vehicle caused by accidental or malicious damage, fire, theft or attempted theft
- There is no cover to drive another person’s vehicle under this policy
Classifications of Van Insurance
Business Van Insurance can be classified into two main categories based on the ownership of the business:
- Sole trader cover: This type of van insurance cover is suitable for business owners who have registered their vehicle in their name or consider it their personal vehicle.
- Company cover: This cover is meant for company directors who have registered their business company vehicle in the company’s name.
Create your business van insurance package
Whatever type of cover you choose, you can get even more protection with our additional cover options, including:
Breakdown Assistance
Breakdown Assistance
Learn more
Guaranteed Replacement Van
Guaranteed Replacement Van
Learn more
Keycare
Cover
Keycare
Cover
Learn more
Tools
Cover
Tools
Cover
Learn more
My Account
We realise that printed policies are likely to be misplaced and if you want to make amendments to your policy it is not always convenient to ring up a call centre. We want you to be able to look after your insurance policy in the way and at the time that suits you. That’s where My Account comes in.
Once you have bought your policy you will be asked to register for My Account. Use the same email address you stated when you bought your policy and create a password – it’s that simple.
Frequently asked questions
Why choose Budget?
- Rated Excellent by over 8,000 customers on Trustpilot
- We’ve helped over 3m customers
- Our handy My Account allows you to manage and change your policy online – this includes making payments, amending policies and printing you documents at any time.
Important documents for Business Van Insurance
When applying for Commercial Van Insurance, you will need to provide certain documents including your Motor Insurance Policy Booklet, Insurance Product Information Document, and Important Information Document.
Is Commercial Van Insurance more expensive than personal?
Commercial van insurance is typically more expensive than personal comprehensive van insurance. The reason for this price difference is due to the nature of usage.
Commercial vans are often exposed to higher risks, such as carrying valuable goods, covering more mileage, and a greater likelihood of being on the road during peak times. Therefore, insurers often charge higher insurance premiums to mitigate these elevated risks.
Is VAT on commercial van insurance?
Value Added Tax (VAT) does not typically apply to commercial van insurance. Van insurance products, including commercial van insurance, are usually exempt from VAT under current UK taxation laws. Instead, they are subjected to a different kind of tax known as Insurance Premium Tax (IPT).
How to get a Business Van Insurance quote
Obtaining a Business Van Insurance quote is a straightforward process. Whether you are a sole trader or a company, you can get a quote in minutes by providing a few details about your business and vehicle.
Business Van Insurance is important for any business that relies on a commercial vehicle for its operations. It provides financial protection against unforeseen accidents and damages, giving business owners peace of mind and the confidence to focus on their business growth.
Remember to choose a policy that suits your business needs and always read the fine print to understand what’s covered and what’s not. Happy driving!
Note: The information provided is for general informational purposes only. Always consult with a professional insurance advisor before making any decisions about your Commercial Van Insurance.
Can I claim my business van insurance on tax return?
Yes, you can claim your business van insurance on your tax return, provided the vehicle is used solely for business purposes. This falls under allowable expenses that are necessary for running your business.
However, if the van is used for both personal and business purposes, only the portion associated with business use can be claimed. It’s imperative to maintain accurate records of business-related expenses and usage to substantiate your claim.
Does van insurance automatically have business miles?
Van insurance does not automatically include business miles. The cover for business miles generally depends on the specifics of the insurance policy and the insurer.
Some insurers may offer policies that include these business miles, while others may require an additional premium or a separate policy altogether. Therefore, it is crucial to carefully review the terms of your policy or consult with your insurer to understand if your van insurance covers business miles.
