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Self-Drive and Credit Hire Insurance

Credit Hire & Self Drive Insurance

As an insurance broker, IC Insurance does all the hard work for you, so let us take care of your insurance needs. You don’t have to worry about anything – we’ll search a number of companies to find the best quote and provide you with affordable insurance coverage from our portfolio of products. Our process is also quick and straightforward and offers you handpicked insurance policies you can trust. To request a quote, send us your details, and we’ll come back to you within 24 hours on business days.
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Reduce Costs With Self Drive Insurance

We offer self-drive insurance and credit hire policies that cater for rental operators of all sizes. We can help you keep your insurance premiums competitive and reduce your operating costs.

What is Self-Drive Insurance?

Self-drive insurance is a type of insurance that provides coverage for vehicles owned or leased by a business and used for its daily operations. Businesses need self-drive insurance to protect their vehicles against various risks such as accidents, theft, and damage, ensuring continuity of operations and compliance with legal requirements.

What is Credit Hire Insurance?

Credit hire insurance insures vehicles to be hired out on a ‘credit’ basis to the non-fault party in the event of an accident. Often, credit hire vehicles are arranged through a claims management company.

Credit hire insurance covers vehicles that are hired out to third parties on a credit basis. It protects against liabilities arising from the rental process, including damage to rented vehicles and third-party claims. Credit hire insurance benefits businesses by minimising the financial risks associated with their vehicle rentals whilst maintaining the required compliance with legal obligations.

What Self-Drive and Credit Hire Cover Includes

While self-drive insurance is mandatory by law, it is highly recommended for businesses operating vehicles for commercial purposes to explore what options are available to achieve the best self-drive insurance to suit their business's needs. Additionally, having adequate credit-hire insurance coverage protects businesses from potential financial losses and legal liabilities in the event of accidents or damage to vehicles. We tailor our packages to suit your needs, which means each will be unique; here are some general covers that most packages will contain.

  • Loss or damage to your vehicle
    • Accidental damage, fire, theft, and malicious damage excess
    • Windscreen cover
    • Third-party liability for death, injury and accidental damage to property
    • Policy cover for hirers from 21 to 70 years of age
    • Legal protection

Without adequate insurance cover, businesses risk facing significant financial losses, legal liabilities, and potential disruptions to their operations. In the event of accidents, theft, or damage to vehicles, uninsured businesses may be held liable for repair costs, compensation claims, and legal expenses, leading to severe consequences.

To obtain a competitive quotation for your self-drive insurance, contact our expert self-drive and credit-hire insurance brokers today at 01204 323577.

Frequently Asked Questions About Insurance for Self-Drive and Credit-Hire Businesses

The cost of self-drive insurance for businesses depends on various factors, including the type and number of vehicles insured, the business's location, the driving history of employees, and the level of cover required. Insurance providers assess these factors to determine premiums tailored to the specific needs and risks of each business.
Yes, self-drive insurance can cover vehicles used for both business and personal purposes, provided that the primary use of the vehicle is for business operations. Businesses should inform their insurance provider about any dual usage to ensure appropriate coverage and compliance with policy terms.
Yes, many insurance providers offer additional benefits and optional coverages with self-drive and credit-hire insurance policies, such as breakdown assistance, legal protection, and enhanced liability coverage. These optional coverages can provide businesses with added peace of mind and comprehensive protection against unforeseen risks.
No, a driver's personal insurance will not cover a hired car; additional insurance is required. Some rental companies include additional coverages in their packages that let them offer options to the people hiring their vehicles. For example, this may include collision damage (CDW), which covers accidental damage. Additionally, liability insurance may be provided to cover against third-party claims. These are beneficial options you can provide your customers that will help you stand out from your competitors.
Consulting with experienced insurance brokers will help us tailor insurance policies to your unique circumstances, guaranteeing adequate protection and compliance with regulatory standards.
Yes, businesses can typically make changes to their insurance policies during the term of coverage, such as updating vehicle details, adjusting coverage levels, or adding optional coverages. Businesses should communicate any changes or updates to their insurance provider promptly to ensure continuous and appropriate coverage.

Request a Self-Drive and Credit Hire Insurance Quote

To request a quote, send us your details and we’ll come back to you within 24 hours on business days.
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years of expertise

Putting the customer first is at the heart of everything we do here at IC Insurance Solutions

Using our expertise and market awareness we are commited to solving our clients insurance needs by helping them to quantify and manage the risks to their business in the most effective way. Helping clients navigate the insurance market to find the right policy to protect their business at a competitve premium.
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We are proud to announce that we have been awarded the winning position of commercial lines broker at the UK National Insurance Awards 2023.

The National Insurance Awards is widely considered to be one of the most prestigious events in the insurance industry, and this achievement is a testament to the hard work and dedication of everyone here at IC Insurance.
We are a team of experienced insurance
brokers working together with our customers to understand and fulfil their insurance needs.
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