Why is Financial Standing Taken into Account when Issuing Operators Licences?
Financial standing is an essential part of operator licensing because a need to replace worn tyres or defective brakes should never be put off due to financial pressures. The Traffic Commissioner has the power to request that an operator proves its financial standing at any time, although in practice it is usually only asked for if an operator is called to a public enquiry or at a five yearly review of the operators licence. If you are a haulage operator and need further information about haulage insurance (whether it is for a single vehicle or a fleet insurance) call us now on 01438 723755.
