Truck Insurance Specialists

Commercial Motor Insurance

Essential protection for safeguarding your fleet from unforeseeable accidents, potential harm to others and cars.

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What is Commercial Motor Insurance

Commercial Motor Insurance is specifically designed to protect vehicles used for commercial purposes. This can range from cars and utes to vans, trucks, and even trailers.

Commercial Motor Insurance covers incidents that happen while the vehicle is being used for business helping to get your business vehicles back on the road quickly and minimise financial interruptions.

What is commercial motor insurance for?

Provides protection to all your fleet

This coverage applies when the vehicle is being used for business purposes. It can protect against incidents like collisions, theft, vandalism, and weather events (depending on the specific policy).

Since vehicles are often vital assets for businesses, commercial motor insurance plays a crucial role in minimising financial setbacks due to damage or loss of these essential tools.

Why is it important?

Commercial motor insurance is essential for businesses that own or operate commercial vehicles. It alleviates the financial strain of potential accidents or damage claims involving your vehicles.

A tailored policy from a reputable provider such as Diford Insurance offers more than mere financial security. It grants peace of mind, enabling you to concentrate on managing your business without the stress of unforeseen vehicle-related expenses. Ultimately, this promotes the resilience and sustainability of your enterprise.

Frequently Asked Questions

What is commercial motor insurance?

Commercial motor insurance provides coverage for vehicles used for business purposes. It protects against financial losses resulting from accidents, theft, vandalism, and other incidents involving commercial vehicles.

What types of vehicles are covered under commercial motor insurance?

Commercial motor insurance typically covers a wide range of vehicles, including trucks, vans, delivery vehicles, buses, taxis, and company cars used for business purposes.

Is commercial motor insurance mandatory?

While comprehensive commercial motor insurance is not legally required in Australia, it is highly recommended for businesses to protect their vehicles and finances. However, third-party property damage insurance is compulsory for all registered vehicles in Australia.

What does commercial motor insurance cover?

Coverage may vary depending on the insurance provider and policy, but commercial motor insurance typically includes protection against accidental damage, theft, fire, vandalism, third-party property damage, and bodily injury liability.

Can I tailor my commercial motor insurance policy to suit my business needs?

Yes, most insurance providers offer customisable policies that allow businesses to tailor coverage options and limits based on their specific requirements and budget.

Are there any exclusions or limitations to commercial motor insurance?

Exclusions and limitations vary between insurance policies, but common exclusions may include wear and tear, mechanical breakdown, illegal activities, and unapproved drivers. It’s essential to carefully review the policy terms and conditions to understand what is covered and what is not.

How is the premium for commercial motor insurance determined?

Several factors influence the premium for commercial motor insurance, including the type of vehicle, its value, the intended use, the driver’s history, the location of operation, and the desired coverage options and limits.

What steps should I take if I need to make a claim on my commercial motor insurance policy?

In the event of an accident or incident, promptly notify your insurance provider and provide all relevant details and documentation, such as photos, police reports, and witness statements. Your insurer will guide you through the claims process and assist you in resolving the claim efficiently.

Can I add additional coverage options to my commercial motor insurance policy?

Yes, many insurance providers offer optional coverage enhancements, such as roadside assistance, hire car provision, goods in transit insurance, and loss of income coverage, which can be added to your policy for an extra premium.

How can I find the right commercial motor insurance policy for my business?

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Geoff Thomas & Co. Pty. Ltd. ATF Thomas Family Trust t/as Diford Insurance Brokers (CAR 389584 | ABN 99 668 730 956) Corporate Authorised representative of Community Broker Network Pty Ltd | AFSL 233750 | ACN 096 916 184

Insurance Brokers Code of Practice: www.niba.com.au/codeofpractice/index.cfm

Financial Services Guide: http://difordinsuranceaustralia.com/diford-insurance-brokers-fsg/

Diford Insurance Brokers is a member of the Steadfast Insurance Group, and as such has access to Steadfast Policy wordings, as well as the support of the Steadfast Insurance organisation in dealings with Insurance companies in Australia, as well as International Insurance companies.