FleetNews has reported that over 90% of underwriters are expecting fleet premiums to rise in Q1 of 2009.
With a few years of bad profits and a tough current economic climate, it seems that insurers are considering raising rates to cover their backs.
However, the British Vehicle Renting and Leasing Association (BVRLA) has said that insurance companies ‘looking to increase its premiums would need to justify the increase by showing a corresponding increase in that particular customer’s risk profile’.
If you own a fleet, it is essential that you have the right motorfleet insurance policy that provides the right level of protection for all your vehicles.
