Commercial motor use and ownership require specific insurance cover so that if something happens, your business isn’t disrupted and you’re not left without transport, or out of pocket.
Commercial Vehicle Insurance, also known as Business Car Insurance, provides cover for most business use vehicles, including sedans, utes, vans, trucks, forklifts, trailers, and a range of others. It differs from personal car insurance in that it covers vehicles being used for business purposes, such as goods transportation or client visits.
If you’re using your car for work, you’ll likely be on the road more than the average person, and should protect your vehicle from any potential risks or accidental damage. Whether you’re a single driver, have a fleet of vehicles, or run a courier service, you need to cover yourself.
We offer cover that can be purchased as a stand-alone Commercial Motor product or included as part of a package within your business insurance.
Who should consider it?
This is crucial for business owners who use vehicles for their business. If transport forms any part of your business, Commercial Motor insurance can cover anything, from a single car to a fleet of trucks. If damage to your vehicle will result in missed job opportunities and/or financial hardship, you should consider a comprehensive cover policy to insure you for when the unexpected happens.
What can it cover?
We offer several different policies available to cover your Commercial motor vehicles, including:
- Full comprehensive insurance – insures you against loss of or damage to your vehicles due to a collision and other accidental damage, theft, fire and also includes indemnity for any legal liability for third party property damage.
- Third-party property damage cover – only provides protection for any damage to third party vehicles or other property for which you are held responsible.
- Third-party property damage fire & theft – provides cover limited for your vehicle should it be damaged by fire or stolen, plus third party liability.
These policies can cover emergency repairs, vehicle contents, and loss of income as a result.
How much does Commercial Car Insurance cost?
This will depend on a range of different factors and your individual needs. Things that will generally be considered will be:
- The value of your vehicle or vehicles
- Where you usually park and leave your vehicle
- Whether you have a single vehicle or need fleet insurance
- If you have any accessories, such as trailers
- Your claims history
- If you need any type of third party insurance
What isn't covered
There are exclusions. There is also often a deductible or excess and limits on cover, so check with your GSK insurance broker.