In the second quarter of 2020, the cost of motor cover was at its lowest for four years.
This fall reflects the impact that Corona virus has had on the UK, with motorists taking far fewer car journeys. The price of cover is down 3% from the first quarter of 2020.
Motorists have clearly been benefiting from reduced road accidents due to fewer cars on the road.
Read here about the most common type of accident during lockdown.
However, this does not mean that everything is smooth sailing for fleets. One problem, not only for motor fleets but for all businesses, is the increased risk of data breaches which have occurred during lockdown.
Read here about surges in cyber crime as a result of Covid-19
If you have any worries about your fleet insurance or cyber insurance please do not hesitate to contact us on 01245 449060.
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The most important thing for managers to inspect is whether a vehicle is safe to drive. With many vehicles being