You can’t be a back-seat-driver with your employees 24/7, so making sure your vehicle insurance is right for your business, is more than good sense. It’s peace of mind.
It doesn’t matter if you have one business vehicle, or a fleet of trucks, you will need a Commercial Motor Insurance policy to make sure your vehicles are covered for accidental damage, theft and to cover damage to third party vehicles and property.
What does it cover?
Commercial Motor and Fleet Insurance policies offer options on how to insure your business vehicles – you can choose from comprehensive, third party fire and theft, and third party only covers, just like a private motor insurance policy.
While these three covers are essentially the same as a private motor insurance, there are often additional benefits that suit business use better, and sometimes these can be tailored according to your actual occupation or use.
All three cover options include third party legal liability cover which protects your business and employees if one of your vehicles has damaged another party’s property or vehicle, or if there has been third party injury.
What are some of the benefits and features of Commercial Motor and Fleet Insurance?
Depending on the insurer and policy, there are a wide range of benefits. For example;
Some insurers don’t need to note all drivers of the vehicles (handy if you have lots of drivers in and out of vehicles), and the majority have cover features like automatic additions and deletions cover throughout the year, unlimited windscreen cover, hire-costs for replacement vehicles or equipment, new vehicle replacement benefits, lease payout, sign-writing, and downtime cover just to name a few.
For larger fleets or mixed vehicle businesses, you can easily combine your passenger vehicles, along with your goods carrying and heavy motor, as well as plant and mobile machinery under one fleet policy.
Working with a broker to understand your vehicle usage and commercial motor insurance needs is a sure-fire way to make sure you’re properly informed about your cover, aware of the options available to you and that you have an advocate in your corner at claim time.
Owning and running a business comes with lots of risks. The smartest way to protect your equipment, stock and contents, is to take out a comprehensive Business Insurance policy.
Whether a corner fish and chip shop, a boutique cafe or a 100+ seat restaurant or everything in between, hospitality (and retail) businesses are always a hive of fast paced activity. With subtle music on discrete speakers, food being whizzed around on trays, loud groups of happy customers and hopefully loads of foot traffic every day, you need the right insurance to suit your business.
Your job is to make your clients look and feel, a million dollars. We all know that feeling you get after a great cut and colour – the swish and smile – that’s what you’re selling as a Hair & Beauty professional.
Disclaimer
The information provided by MeyerCo Pty Ltd T/as MeyerInsure on this website is for general information purposes only, and it is not a substitute for professional advice. You should always consider the PDS/Policy wording before making a decision. Coverage may differ based on specific clauses in individual policies. Refer to the FSG on this website or by requesting a copy for our services and remuneration details.
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MeyerCo Pty Ltd T/As MeyerInsure ABN: 87 340 928 486 ACN: 644 066 704 Corporate Authorised Representative CAR: 1284199 and Laura Meyer AR:1284200 of Community Broker Network Pty Ltd | ABN 60 096 916 184 | AFSL 233750
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