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Commercial Vehicles | Master Builders Insurance Brokers
Keeping your business moving.
Property loss and/or damage
Towing and storage
Third-party Fire and Theft
Light and heavy rigid movers
Vans and utes
Excavators and bobcats
Front end loaders
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.