Washington State Business Insurance

Expanding your business can require a lot of thought. In recent years the economy has shifted so much that you may feel uncomfortable with a true expansion. You may be worried that if you purchase a new van that you will find you are in financial trouble. If you want to test the waters so to speak and lease or hire a van you will need to have it covered with insurance.

During the test you can determine if you can handle the payments of the vehicle and add it permanently to your fleet. You can also decide if the insurance increase on the premium will be low enough that you can handle it. All you have to do is obtain temporary van insurance to decide if you can afford the insurance. The leasing or renting of the extra van will have to be through a different company. You can also keep in mind that most long term policies and purchases will be slightly lower on monthly payments. It means if you can afford the temporary options, you should be able to handle it full time. This is what the test will be all about.

There are a few things to consider when you are looking at temporary insurance for the leased van. First of all you want to have full coverage given that you do not own the vehicle outright yet. Luckily with temporary policies you will have comprehensive cover.

You also have to determine how long you want the trial to be. Typically, the longer the trial the more data you have, so you might consider obtaining the vehicle for a month and insuring it with a temporary policy for the 30 days too. Most policies can go from 1 to 28 days, though a full month is also possible.

Since you will have insurance just for the expansion of your fleet, you won’t have to risk any claims on your regular policy. In other words, if something happens to the van it will be covered, but you don’t have to file it with your full time policy if it is on a temporary policy. You also obtain instant cover, making it simple to drive the van right away as part of the trial expansion. If you need to add drivers you can also do that with a simple call to the insurance company.