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Truck insurance can cover your vehicle against accidental damage and theft. It can also protect you from the financial costs of repairing or replacing the other party’s vehicle in an accident where you’re at fault.
Whether you have one truck or more, we can arrange to have all the vehicles under one comprehensive policy.
“More than half of Australian drivers (58%) narrowly avoid a car crash at least once a month, while 18% of drivers said they experienced close calls on a weekly basis.”
Anyone who owns a heavy vehicle or operates Fleet of Vehicles should consider a transport policy. Providing cover for loss or damage to your vehicle and your liability to pay for any damage or injury caused by your vehicle (other than injury covered by a CTP policy).
Commercial/Fleet Insurance comes with a range of standard features and optional benefits
It can cover, Rigid Trucks, Prime Movers, Trailers and Earthmoving Equipment and more. Depending on the policy that you take out, here are some of the benefits:
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Potential benefits |
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Commercial Motor Insurance |
Covers loss or damage to your vehicle |
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Business Interruption (Downtime) Insurance. |
Covers you for the loss of income while your vehicle is not operational as a result of a claim |
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Public and Products Liability Insurance. |
Will cover you for the amount you are legally liable to pay as compensation for certain personal injury and/or property damage |
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Carriers Transit Liability Insurance |
Covers your legal liability regarding compensation for loss or damage to good |
Each policy is different, but generally you won’t be covered if the vehicle is:
In addition, there is a deductible/excess.
There are other exclusions which your insurance broker can outline for you.
Truck driver was reversing into the loading dock of the warehouse.
In the process he misjudged the distance and reversed into the building causing damage to the roller door and his trailer.
The truck insurance policy responded and paid damages for repairs to his truck and the third party building.
Important note – the information provided here is general advice only and had been prepared without taking into account your objectives, financial situation or needs. A product disclosure statement (PDS) is available from your insurance broker. You should consider the PDS in deciding whether to acquire, or continue to hold, business insurance.
Penrith Office
Australian Financial Services Licence No. 234588 ABN 16 061 623 827