Whether you’re a small owner-operator business or operate a large fleet of trucks, it’s essential that you learn more about heavy truck insurance and how it applies to your business. Let’s take a look at the importance of heavy truck insurance and the various forms of cover this policy can involve.
The importance of heavy truck insurance
Heavy truck insurance is all about protecting your investment. When you’ve put time and resources into your trucking business, you don’t want to be financially responsible when things wrong. There are a number of risk scenarios that face truck operators such as damage to your own vehicle, damage to a third party vehicle or vehicle, and loss of income due to your truck being off the road. Heavy truck insurance is designed to ensure you have sufficient cover in place to provide you with peace of mind.
What does heavy truck insurance include?
There are a number of policies which can be included in your heavy truck insurance. Some of these forms of cover include:
Heavy motor – Provides cover for loss or damage to your truck, as well as damage caused to third party property involving your truck.
Public liability insurance – Offers financial protection if you cause damage to property or injury to a person as a result of your actions at work.
Goods in transit insurance – Provides cover for loss or damage which occurs to the items that you’re transporting.
Personal disability insurance – You’ll continue to receive a portion of your regular income if you’re unable to work due to an injury or illness. This allows you to keep up with regular expenses.
Downtime insurance – This policy means that if your truck is off the road for a period of time due to an insured event, you’ll receive payments to cover regular expenses such as mortgage repayments and daily living expenses.
The most important thing you need to consider is to insure the full value of your truck and any accessories so you can be confident you will receive adequate compensation in the event of a loss. For more information about how heavy truck insurance specifically applies to you, speak with your insurance broker.
Insure your success
GSK Insurance Brokers, our heavy truck insurance provides you with the confidence you need to suit your business needs. We offer tailored, cost effective insurance solutions that gives you cover to protect you areas of risk. Our flexible package can include a number of areas of insurance cover, depending on what level of insurance you require. Our brokers can take a look at your unique situations to help you to cover your areas of risk.
For more information about heavy truck insurance, contact GSK Insurance Brokers today on (08) 9478 1933.