With the current financial situation, keeping your costs low is essential and many are looking at ways to get rid of the non-essentials.  One of these is the humble car.  Whereas in times of plenty the car is seen as almost irreplaceable, people have found ways to cope without their four wheeled friend.  One of the big winners has been car sharing and car hiring companies.

Peer-to-peer sharing

One of the new crazes is the idea of peer-to-peer car sharing.  This allows individuals to rent cars from other individuals at low rates.  Instead of using a car once a week, with all the costs involved, people just rent as and when they need it for costs in double figures.

Yet there is still a lot of scope for small businesses to make money from the current situation.  With such a high demand for car hiring, offering a cheap, bespoke service could net you a tidy profit.  Second hand car prices are at their lowest for a long time, so it’s the perfect time to invest in a fleet of cars to rent out to paying customers.  With trust of big corporations at an all-time low – not helped by the recent goings on at Glaxo Smith Kline or Barclay – now is the perfect opportunity to reach out to those customers.

Business Fleets on the Rise

Another opportunity is the business fleet.  A lot of companies are slashing their company car budget as they encourage their employees to share rides to work.  Instead of offering every employee a car, they are operating a carpool which can be booked as and when it’s needed.  While some companies are able to do this in house, others will need to outsource this – which is where you come in.

Whatever route you choose to go down, you need to make sure that you get the right variety of fleet insurance.  With a huge range of potential policies to choose from, you could get bogged down in the decision and miss out on the best deal for you and your company.  Make sure you talk to the professionals and scope out all the possible options before diving in at the deep end.

With such a huge variety on offer, there are companies that offer bespoke motor fleet insurance tailored to your company’s needs.  So contact the professionals today and rest easy that your fleet is safe.