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Commercial Vehicles | Master Builders Insurance Brokers
Commercial Vehicles
Keeping your business moving.
Cover for
Property loss and/or damage
Theft
Hire costs
Towing and storage
Third-party liability
Downtime
Cover types
Comprehensive
Third-party Fire and Theft
Third-party Only
Covered vehicles
Light and heavy rigid movers
Prime movers
Articulated trailers
Vans and utes
Excavators and bobcats
Graders
Forklifts
Front end loaders
Cranes
Caravans
What is Commercial Vehicle Insurance?
If you rely on transport or particular machinery to do business, then theft or damage to your commercial vehicles could grind your business to a halt.
Commercial Vehicle Insurance provides cover for material damage to the vehicles insured as well as third-party property damage generally up to limited liability of $30 million.
These policies can be structured to include additional benefits which may include:
- Hire car costs
- Finance gap payout
- Downtime coverage
- 2 or 3 years new for old replacement after a loss
- Young and inexperienced drivers
- Dry hire of vehicles
- Personal effects cover
- Emergency repairs including travel and accommodation costs,
- Towing and storage costs
- Choice of repairer
Why do you need this policy?
Here's an example:
On the way home from site one afternoon, Michael was driving the company truck loaded up with an excavator.
As he took a sharp corner, he lost control around the bend, and the truck rolled damaging the excavator. Michael was ok; however, both the truck and the excavator sustained damage beyond repair.
Michael was able to claim for both vehicles under his commercial motor policy.
Advice from our experts:
If you have any accessories or modified your commercial vehicles, make sure you include these in your policy. Many insurance policies will only cover the standard vehicle and require you to add accessories and modifications separately.
Joe Keiper Southern Region Manager
Why choose Master Builders Insurance Brokers?
We are the broker you own
