Commercial Motor Insurance
Designed to keep you on the road so your business isn’t disrupted.
What is commercial motor insurance?
Commercial motor insurance, sometimes referred to as commercial car insurance or commercial vehicle insurance, is designed to protect your commercial vehicle and passengers.
Depending on your chosen insurance, it may include cover against:
- Comprehensive: Covers your commercial vehicle for damage or loss, plus damage you cause to other people’s cars or property.
- Third Party Property: Accidental loss or damage to other people’s cars or property due to an accident that was partly or fully your fault.
- Third Party Fire and Theft: Cover for vehicles damaged by the policyholder’s vehicle, but not to the policyholder’s own vehicle. Cover for theft of the insured’s vehicle is also included.
The following items can also be included:
Coverage, benefit limits and exclusions may vary. Always refer to the Product Disclosure Statement (PDS) or insurance policy wording to understand the detail of what is covered and what is not covered. General information is no substitute for professional insurance advice. Speak to your broker about the type of Commercial Motor Insurance that is suitable for your business.
Understanding Commercial Motor Insurance
Commercial Motor Insurance is commonly arranged by businesses that operate vehicles as part of their day-to-day operations. This includes tradespeople, delivery services, agricultural businesses, and companies that manage motor vehicle fleets.
The cost of Commercial Motor Insurance can be influenced by the type of vehicles insured, how they are used for business, the businesses operations and locations, driver risk profile, previous claims history, and where the vehicles are parked or stored.
NQIB coordinates the claims process, helping with form lodgment and ongoing insurer contact. Supporting documentation (photos, police reports, etc.) may be required.
Pair with goods in transit insurance, Business Package Insurance, and consider whether you also require public and products liability and a range of other insurance solutions. Your broker has industry expertise so discuss these options with them.
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We work with you, so you have the confidence and peace of mind that come with understanding how you are protected by insurance.