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Making the decision between Any-Driver Vehicle Insurance and Named-Driver Vehicle Insurance can be tricky for some businesses, but Prizm Solutions is always here to help. 

What is Any-Driver Vehicle Insurance?
Unlike a standard company vehicle insurance policy, which usually names specific drivers, Any-Driver Insurance allows any qualified driver to operate an insured company car or van. This flexibility can be very useful for businesses with multiple employees who need to drive the same vehicle, or where driver schedules change frequently.  However, it is worth noting that Any-Driver policies may still have some restrictions, especially around age limits for drivers. Very few insurers now offer totally unrestricted driver policies, and many will only cover drivers aged over 25 or even 30 years.

What are the advantages of Any-Driver Vehicle Insurance?
There are a number of benefits to having an Any-Driver policy, including: 

• Flexibility - because there’s no need to update your insurance company every time a new employee needs to drive.

• Reduced administration – because there’s less paperwork required compared to managing named-driver policies.

• Peace of mind – because the cover remains valid as long as the drivers meet age and license requirements.

What are the disadvantages of Any-Driver Vehicle Insurance?
There is often a disadvantage in that Any-Driver Insurance policies tend to be more expensive than Named-Driver policies. That’s because insurers take on a higher risk by not being able to assess each driver’s individual records. 

If you’re not sure which type of policy to go for with your company, give Prizm Solutions a call.  One of our experienced advisors will talk to you about the business, the people who’ll drive the vehicles (age and experience of the drivers) and the type of work the vehicles are used for. 

For some companies, especially those with larger fleets or businesses with rotating staff, the convenience of Any-Driver Insurance makes it worth any increased premium.  

Prizm Solutions helps many companies with Commercial Vehicle Insurance, as well as Motor Fleet Insurance, GAP Insurance and many other types of business insurance.  Just give us a call, we’ll be happy to help.