Commercial Motor Insurance
If you use your vehicle in connection with your business or profession, you will generally need commercial motor insurance, which provides cover for both business and private use of the motor vehicle. A Private Motor insurance policy only insures a vehicle whilst it is being used for personal use.
Types of coverage include:
- Comprehensive Insurance – covering your motor vehicle for accidental loss or damage, as well as your liability for Third Party property damage and/or personal injury caused whilst using your vehicle
- Third Party, Fire & Theft Insurance – covering your motor vehicle for loss or damage arising from fire or theft, as well as your liability for Third Party property damage and/or personal injury caused whilst using your vehicle
- Third Party Only Insurance – insuring your liability for Third Party property damage and/or personal injury caused whilst using your vehicle
Commercial Motor Insurance can be arranged for all types of vehicles:
- Multiple vehicle or larger vehicle fleets
- Passenger Operator vehicles
- Contractors Mobile Plant such as excavators and the like
Key Considerations
Commercial Motor vehicle insurance premiums and insurance terms are affected by a number of factors including:
- Type of vehicle and value
- Age, and experience of the principal driver
- Area/location where the vehicle is principally driven
- The distances the vehicle will travel on a regular basis
- Prior claims/loss experience
- Whether the drivers have had prior driving offences
- Nature of the use of the vehicle
