Commercial Vehicle Insurance
Use a specialist online commercial vehicle insurance broker.
Not comparing your insurances may be costly.
Keep your business moving with a Commercial Vehicle Insurance policy arranged by Newcastle Insurance Group.
At Newcastle Insurance Group, we can organise a Commercial Vehicle policy or Commercial Fleet policy which will provide cover for all types and size of vehicles, trucks, trailers and other mobile plant and machinery.
Commercial Vehicle Insurance & Motor Fleet insurance allows all your vehicles, whether private or business use, to be pooled into one policy allowing for broader coverage and providing additional covers.
When is a commercial vehicle insurance policy required
Generally speaking any commercial vehicle requires a commercial vehicle insurance policy.
Commercial vehicle insurance policies take into account the increased risk that business vehicles and commercial vehicles have given that they are on the road more often, for longer hours transporting goods or people.
You can sometimes add a commercial vehicle or business vehicle insurance component onto your personal vehicle insurance. This needs to be discussed with your insurance broker.
Why is commercial vehicle insurance important?
If you need to make a claim because of an accident involving a commercial vehicle you own or a claim is made against you for negligence this may need to be covered by a commercial vehicle insurance policy.
Personal car insurance is not the same as commercial vehicle insurance and not being insured correctly in the event of a claim may result in significant stress and financial hardship if a claim is denied.
Who needs commercial vehicle insurance
If you use a vehicle in the day to day running of a business you may need commercial vehicle insurance.
How much is commercial vehicle insurance?
The insurance premium for commercial vehicles and fleet insrance varies due to the following factors:
- Types of vehicles
- Numbers of vehicles
- How often and how far they are driven
- You and your emloyees driving records
- Your last 5 years claims history
- Age and gender of drivers (womend statistically have less accidents than men)
- Your location and how the vehicles are stored
Is commercial vehicle insurance mandatory?
Legally your vehicle needs to be covered by at least a CTP policy .
A CTP policy however will not cover you or the costs to repair your commercial vehicle or anyone else’s property in the event of a claim arising.
Do you need commercial vehicle insurance if you already have personal vehicle insurance?
Depends on the terms and conditions of your insurance policy.
Some insurers may cover you for limited circumstances if using the vehicle for business purposes and some may not.
You should always speak to a qualified insurance broker or read the fine print on all of your insurance policies so you know when you are covered and when you are not.
What is the difference between business vehicle insurance and commercial vehicle insurance?
You can get insurance policies that will add business use to a personal car insurance policy. Typically suited to those that use the car for both personal and business use like Tradies and Real Estate Agents.
Commercial vehicle insurance is mostly used when the vehicle is used exclusively for business purposes. An example may be when a vehicle is used to transprt goods or make deliveries for a business.
Bundle Commercial Vehicle Insurance & Save
We all love a bargain. Add your personal insurance needs on top of your commercial vehicle insurance needs and bundle to save.