Do I Need Personal Liability Cover for My Van Insurance?
Having a van brings with it a need for insurance. And one form of insurance that many people are familiar with is personal liability cover. But is this type of insurance cover available for van insurance policies? In this article, we’ll be taking a look at what a personal liability cover policy is, and whether it is an option for van insurance.
What is Personal Liability Cover?
Personal liability cover is a form of insurance policy usually attached to a business’s insurance policy. It is designed to protect the business should any claims of personal injury be made against the business. In the event of a claim, the personal liability cover will pay out to the injured person, should the business be found to be at fault. When taking out personal liability cover, it’s important to remember that other matters such as legal costs may be covered too.
What is Covered by Personal Liability Cover?
Under the terms of a personal liability cover, a business is provided with financial protection for any claims that might be raised against them relating to personal injury. Personal injury can include physical injury, mental distress, emotional suffering, psychological trauma or even wrongful death. If a person is injured as a result of the business’s negligence, the personal liability cover may be applied to pay the claim.
Do I Need Personal Liability Cover for My Van Insurance?
The short answer is, technically no, you don’t need personal liability cover for your van insurance. However, that doesn’t mean it isn’t recommended. Van insurance usually covers any damage caused to the vehicle itself and to any personal possessions within the van. But what it won’t cover is any liability which may arise if you cause personal injury or death as a result of an accident. This is where personal liability cover can come into play.
The fact remains that in van accidents involving personal injury or death, litigation costs can be very high. This can, and often does, bankrupt businesses that aren’t adequately protected. So, if you plan to use your van for business, especially if you are the sole user, then it’s highly recommended that you take out personal liability cover as part of your van insurance policy.
When Should I Consider Getting Personal Liability Cover For My Van Insurance?
If you are using your van for any type of business activity, it’s well worth considering taking out personal liability cover as part of your insurance policy. Personal liability cover can be valuable protection for any business, particularly if you are regularly travelling or carrying passengers as part of your business activities.
If you do take out personal liability cover, make sure you read the terms and conditions of the policy thoroughly before signing. Some types of cover may contain specific exclusions or limits that could affect your ability to make a claim if the need arises.
What Are The Benefits Of Personal Liability Cover?
The main benefit of having personal liability cover as part of your van insurance policy is the financial protection it provides. Without it, you may have to pay for any claim for personal injury or death out of your own pocket. This can not only put a substantial strain on your finances but could even affect your business’s ability to survive.
With personal liability cover as part of your van insurance policy, you can be confident that your business will be covered financially should you ever have to make a claim. As a result, you can focus on running your business and keep driving your van without the worry of being on the line for a big claim.
Conclusion
Personal liability cover is not a mandatory part of van insurance, but it is almost always recommended. It offers added protection for your business, enabling you to continue running your business without the worry of crippling legal bills should an accident occur. With the right level of cover in place, you can get back on the road with peace of mind and continue to make the most of your van.