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ABOUT US

Partscover is part of Walmsleys Commercial Insurance Brokers Ltd, an established provider of insurance based in Wigan, Lancashire. We specialise in providing bespoke cover specific to individual industries and business sectors. This approach helps us to deliver outstanding customer service whilst keeping premiums down. With Partscover, you only pay for the cover you need. With access to a wide range of insurer markets, we work hard to find you the best cover at the best price.

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We offer the following services as standard:

  • Savings on your fleet insurance renewal
  • Comprehensive fleet review
  • Strategic marketing to our panel of insurers
  • In house claims department – we cannot stop you having claims, however, we can make sure that there are no claims on your claims experience that shouldn’t be there.
  • Access to risk management
  • Excellent customer service from our knowledgeable team of experts
  • Timely, personal and private advice on your fleet insurance issues

Why choose Partscover to handle your company insurance?

  • We understand that you have a business to run and that Insurance may not be your area of expertise. With our extensive knowledge of the Motor Factor sector, we take away the stress than can accompany an Insurance review
  • Our team of well trained, highly experienced Insurance experts are on hand offering full support, as and when you need it
  • We have a genuine interest in your business, what you do, how you do it. We understand the exposures you face and the cover required to eliminate that risk
  • We have an Exclusive scheme for Motor Fleet and Commercial Combined that can only be accessed by Walmsleys, with enhancements to standard cover and competitive pricing
  • We can find the correct cover at the right price no matter what your size of business – from a single high street shop with 2 vehicles to businesses operating a fleet of vehicles and from multiple locations.
  • We are a Chartered Insurance Broker – committed to excellence which includes the continued training and development of our staff. The insurance market recognises that we are a professional organisation with a commitment to excellence. We are as passionate about our business, as you are about yours, and that’s how it should be.

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How is your fleet insurance premium calculated?

Your fleet insurance premium will be driven largely by your claims experience. Other rating factors include your occupation, location, driver age profile, vehicle types and use of vehicles, amongst others.

Your claims experience is presented in a table format and it will include the following information:

  • Your business name and address
  • Type of cover
  • Your excess
  • Renewal date
  • The name of your insurer
  • Details of pay out amounts

An insurer needs a copy of your claims experience before providing a quote.

An insurer will compare your claims frequency to that of the aftermarket industry average.

Your loss ratio is unique to you and is calculated by dividing the total amount paid out in claims by the total amount paid in premium. For example, if you have had £5,000 in claims in a given period and you have paid £10,000 in premium, your claims loss ratio is 50%. Calculated as follows, (£5,000 / £10,000) x 100 = 50%. A Loss ratio below 65% is the goal. The lower the better. This is the break-even point for insurers as the remainder is made up of the insurer administration costs.

The Importance of Risk Management

Well managed fleets tend to mean less accidents and lower premiums.

Focus your risk management on drivers – especially young drivers, drivers with convictions, inexperienced drivers and drivers with previous accidents. Implement driver training, driver monitoring/tracking or by implementing a penalty or incentive scheme for higher risk drivers. Audit driver’s licences -preferably at least twice a year. Any serious motoring conviction such as a DD or IN10 would need to be disclosed to and approved by the insurance underwriter, before cover is provided. Any non-disclosure could result in there being no cover.

Invest where possible in technology – Forward facing cameras, Driver facing cameras and Tracking systems. This helps with proving you are not to blame in cases and also improves driver behaviour.

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There’s more to Partscover than Fleet insurance:

We arrange a full programme of insurances for our valued aftermarket sector clients and have a dedicated in-house claims service – motor and non-motor.
We know that in effect this is what the premiums are paid for! Give us a try!

BUSINESS INTERRUPTION INSURANCE

Vital to correctly protect the business in the event of a serious loss like a fire or flood – this cover ensures that the business does survive to the point where thedamage has been repaired and continues to trade.

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EMPLOYERS’ LIABILITY INSURANCE

Cover includes injuries to employees in the course of working for you.

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PRODUCTS & PUBLIC LIABILITY INSURANCE

Which includes cover for defective work, safety critical parts such as those related to brakes

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PROPERTY INSURANCE

Such as Stock, Buildings, Contents – cover tailored to suit your business and expert help and advice to make sure you arrange cover correctly.

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