Regardless of the size or nature of your business, if you use a vehicle as part of your commercial activities, you will need to be clear on your motor insurance liabilities.
1. Exchange names, addresses and insurance details with all of the parties involved.
2. Obtain the names and addresses of any independent witnesses.
3. Refrain from any admission of liability.
In addition, please note the following guidelines:
• A claim form should be completed for all claims, whether your vehicle is damaged or not as soon as possible.
• Where damage is caused to your vehicle, you are responsible for your policy excess and you will be expected to pay this sum to the garage in addition to the VAT.
• If the vehicle is still safe to drive, please obtain a repair estimate and advise Lycetts when the vehicle is going into the repairers, allowing sufficient time to arrange an inspection if necessary.
• If the vehicle is not safe to drive, please obtain a repair estimate and advise Lycetts where the vehicle is so that an inspection can be arranged. If the vehicle is beyond economical repair, a cash value is agreed with you based on the market value of the vehicle at the time of the loss. In these circumstances, insurers will require the original log book, valid MOT certificate and any spare keys.
• If you need to hire alternative transport, you must mitigate your losses, keeping such costs to a minimum. Lycetts will attempt to recover uninsured losses from the third party if they are legally responsible.
• When someone claims against you, send all correspondence to Lycetts without delay. If you or your driver is to be prosecuted for an offence following an accident, send a copy of the summons to Lycetts (in most circumstances your insurance company will be prepared to defend the action on your behalf and pay costs incurred with their consent).
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Our experienced staff understand your needs.
Read more about developments both in insurance and at Lycetts.
July 21, 2017
Insurers are reacting to the number of claims due to fire which have devastated both bale stacks and the barns in which they are kept. As a result the terms of many fire insurance policies have changed with a greater onus on farmers to take steps to reduce the risk of fire. Failure to do this may result in an invalid claim.read more
July 9, 2017
Lycetts is the headline sponsor for the 2017 Festival of Hunting for the second year running as part of our ongoing partnership with the East of England Agricultural Society who organise this prestigious event in the hunting calendar.read more