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Comprehensive Commercial Motor Vehicle Insurance
Connect Business Insurance provides insurance for commercial motor vehicles for for everything from one car to a fleet of vehicles.
Our commercial vehicle coverage covers many areas, including the loss, damage or theft of a vehicle, property damage, towing expenses, theft and legal liability. Your options can range from comprehensive, third party or third party fire and theft cover for any number of vehicles.
We cover everything from cars, utes and vans to trucks. We can include in your policy protection against downtime, towing costs, redelivery, theft recovery and more.
Our clients also have peace of mind knowing their vehicles are adequately covered at all times.
Maximise Efficiency: Commercial Motor Fleet Insurance in Australia
While your insurance professional can address your unique circumstances, it is often a wise decision for renters or lessees to get insurance cover for property and equipment. If you're unsure about your specific circumstances, contact our expert team today.
Here's An Example:
Hope leases a storefront for her day spa. While she does not own the building, she has a large amount of money invested in all of the equipment needed to serve her customers, as well as the items that make her spa stand out from the competition.Suppose a fire destroys the building. Most, if not all, of Hope’s equipment and decorative items will also be lost. If she does not have the necessary cover, Hope will experience a tremendous financial loss. The loss could be significant enough to force her to close her business permanently.However, if Hope has insurance that covers the property and equipment, she will be able to replace the things needed to operate her business.
As a business owner, you understand the critical nature of every part of your company. Additionally, you know the steep cost when things don’t work as they should. The fleet insurance experts at Connect Business Insurance understand these costs as well.
If a part of your motor fleet is down, you are losing money, and your good name may also take a hit. You cannot afford to miss deadlines and disappoint clients, which is why you should consider this insurance.
*Please Note*
The material provided is for informational use only and is not legally binding insurance advice. To learn about insurance options tailored to meet your needs, contact a Connect Business Insurance expert.
Safe Work Australia, Key Work Health Safety Statistics 2014
"Penalties awarded against companies and its directors or officers for work health safety breaches have increased by 43% to $22.3 million in one year. Penalties now average $62,000 per company."
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Did You Know?
Many businesses think it won't happen to them, but statistics show otherwise. In fact:
(Chubb 2016 Private Company Risk Survey)
The likelihood of a claim that could be covered by a Management Liability policy has tripled in the last five years, with 50% of notifications resulting in a claim.
Chubb 2016 Private Company Risk Survey
The most common claims are for employment practices like bullying, harassment and wrongful dismissal.
Chub, 2016 Private Company Risk Survey
Major claims by amount relate to crime - including employee fraud.
Maximise Efficiency: Commercial Motor Fleet Insurance in Australia
As a business owner, you understand the critical nature of every part of your company. Additionally, you know the steep cost when things don’t work as they should. The fleet insurance experts at Connect Business Insurance understand these costs as well.
If a part of your motor fleet is down, you are losing money, and your good name may also take a hit. You cannot afford to miss deadlines and disappoint clients, which is why you should consider this insurance.
Who Should Think About Commercial Vehicle Fleet Car Insurance?
If you have vehicles explicitly used as a part of your business, you should speak with an insurance expert as soon as possible. There are a number of options that can protect your vehicles and save you time and money in the event of a mishap.
What Occurances Can a Commercial Motor Vehicle Insurance Policy Cover?
Depending on the specifics of your policy, your company fleet protection can include
- Accidents
- Damage
- Theft
- Vandalism
- Property Damage
- Towing Expenses
- Legal Liability
- Downtime
- Redelivery
- Recovery of a Stolen Vehicle
Do I Need a Large Fleet of Vehicles to Get Commercial Fleet Insurance?
Our insurance professionals can tailor this insurance policy to cover everything from a single truck or car to a car park full of your company vehicles.
What Kinds of Vehicles Will a Commercial Motor Insurance Policy Cover?
A Commercial Motor Insurance policy can cover most kinds of vehicles used for business including
- Cars
- Utes
- Vans
- Forklifts
- Trucks
- Trailers
- Delivery Vehicles
- Limousines and Sedans
What Is Not Covered by My Commercial Motor Insurance?
Individual policies may contain specified exclusions; please consult with your insurance professional to learn about any exclusions in your policy.
What Are the Different Kinds of Commercial Fleet Insurance Policies Available to Me?
Your fleet insurance in Australia choices include
TYPE OF COVER
- Comprehensive full coverage
- Third-party property damage
- Third-party property damage, fire, and theft
POTENTIAL BENEFITS
- A comprehensive policy offers you the broadest coverage. It protects your fleet from unforeseen events and also provides indemnity for third party damage.
- The policy will only cover events where you (or someone representing your company) are at fault for damaging someone else’s vehicle or property. This policy will not pay you for any damage to your fleet or property.
- This policy limits coverage to third-party liability as well as damage to your vehicle by fire or theft.
Case Study
Dean owns a small catering company with two delivery vans. While on a delivery, one of the drivers causes an accident that damages Dean’s delivery van as well as another vehicle. Because Dean opted for full comprehensive coverage in his commercial motor insurance cover, the damages to his delivery van as well as the other involved in the accident are covered. Dean would be at risk for litigation against his company from the accident victim and entirely responsible for necessary repairs on the damaged vehicles without the full cover.
*Please Note*
The material provided is for informational use only and is not legally binding insurance advice. To learn about insurance options tailored to meet your needs, contact a Connect Business Insurance expert.
