Commercial Vehicles | Master Builders Insurance Brokers

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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

 

Key benefits
icon fleet
Cover vehicles individually or as a fleet
icon covers costs
Coverage for agreed or market value
icon vehicle damage
Cover for vehicle theft, loss or damage
icon 50m cover
Third-party property damage up to $30M

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:

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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?

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Questions?
Talk to your local specialist:

 

Blake Raymond
Blake Raymond
Business Development Executive (VIC)

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