Specialist motor insurer Equity Red Star has launched a new product to provide a solution for family run businesses and small enterprises operating fleets with 2 to 10 cars and/or commercial vehicles. This new mini fleet product will complement the existing Fleetsure product range and has been launched in response to a growing number of enquiries from this sector.
Branded as SME Protect, this mini-fleet product has been specially designed to cover fleets of 2–10 cars and commercial vehicles and has its own dedicated wording and rating. This is a brand new offering from Equity Red Star and enables them to provide a fleet solution for firms with just 2 vehicles upwards.
At the same time, Equity Red Star is revamping its long-established Fleetsure policy wording, catering for fleet operators with 10 vehicles or more. This product has the flexibility to cover a variety of vehicle types from cars to light vans, large commercial vehicles, minibuses and coaches.
According to the company, the new Fleetsure product has been developed to provide a wider policy wording as standard making it easier to use and more streamlined. With minimal need for additional endorsements under the new policy, there is greater clarity of cover for customers.
The policy also includes additional and more straight-forward advice on what to do in the event of a claim. This is designed to encourage quicker reporting of incidents enabling Equity to handle these efficiently and effectively.
Commenting on SME Protect, Mark Bacon, Active Underwriter at Equity Red Star, said: “As a small business owner you will have the ability to insure all your vehicles under one policy which gives the benefit of blanket certificates, one overall fleet rated premium and wider policy cover.”
The products will be underwritten by Equity’s dedicated fleet specialists operating from seven regional offices in Birmingham, Brentwood, Bristol, Glasgow, Leeds, London Market and Manchester.
Key benefits of both the revamped Fleetsure policy and new SME Protect policy include:
– Cover for damage to third party property of £20m for cars and £5m for all other vehicles
– New for old cover on cars and vans up to 3.5 tonnes
– Cover for loss of keys and replacement locks
– Medical expenses limit of £500
– Personal belongings limit of £250
– Driver personal accident benefits of £10,000
– Legal costs including Corporate Manslaughter Defence £1,000,000
Supporting both these products are:
– A dedicated claims teams in Swansea and Brentwood
– Soon to be launched fleet manager packs and vehicle insurance packs which provide details of and help with managing the claims process
– The Equitrack Telematics products featuring black box technology and in vehicle camera systems.
