While rumours are swirling about the possibility of some insurers leaving the commercial van market, one iconic supermarket giant has expanded its car insurance offering into the commercial van insurance sector.
The banking arm of Tesco, which already offers a range of financial products, has announced they are offering van insurance that boasts not only comprehensive cover but also includes a lifetime guarantee on repairs, legal cover, lock and key cover, a courtesy van, and mobile repairs, all standard. Each van can have as many as eight drivers included in the cover, which is ideal for commercial vehicle fleets with floating drivers, and Tesco is also including more than three months’ worth of Eurozone cover as well.
The supermarket giant has certainly pulled out all the stops, especially for Clubcard customers, as Tesco offers a payment holiday scheme that can net as many as two months’ off from paying insurance instalments in a 12 month period. Tesco is also offering public liability and employers’ liability insurance in an add-on bundle for customers that need cover for their equipment and tools.
Tesco Bank’s managing director of insurance, Julie Hopes, spoke out on the new offering, commenting that Tesco understands how integral it is for commercial vans to be kept running smooth for all too many firms in the UK. Self-employed van drivers are in particular need of a comprehensive policy that offers excellent cover as standard as well, the supermarket giant said, adding that it’s not only AXA-underwritten tradesmen and van insurance policies that are available, as third party only and third party fire and theft are also on offer from Tesco as well.