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Commercial Motor Insurance is essential for businesses that rely on vehicles for their day-to-day operations. This insurance helps protect the company's vehicles, as well as potentially covering third-party damages, ensuring that the business can continue to run smoothly in the event of an accident or other vehicular incident.
What is Typically Covered:
Vehicle Damage: Covers repair or replacement costs if your business vehicles are damaged in an accident or by vandalism, theft, fire, or weather events.
Third-Party Liability: Protects your business against the financial consequences if your vehicles cause injury to others or damage to their property.
Theft: Provides coverage if your commercial vehicle is stolen.
Windscreen and Glass Cover: Covers the cost of repairing or replacing the vehicle's windscreen or windows without affecting your no-claims bonus.
Legal Costs: Covers legal fees associated with a claim involving your commercial vehicle.
Downtime Coverage: Compensation for loss of income when your commercial vehicle is off the road due to an insured event.
What is Not Typically Covered:
Normal Wear and Tear: The expected deterioration of the vehicle over time is not covered.
Damage from Unapproved Use: Damage resulting from the use of the vehicle for purposes not covered by the policy.
Intentional Damage: Any damage intentionally caused by the policyholder or authorized drivers.
Mechanical or Electrical Breakdown: Issues related to the vehicle's mechanical or electrical systems are typically not covered unless specifically stated in the policy.
Driving Without a Valid License: Incidents that occur when the driver does not have a valid driving license or is in breach of the license conditions.
Use Beyond Geographical Limits: Claims that arise when the vehicle is used outside the geographical area covered by the insurance policy.
The Broad Risk Difference
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Your business comes first. We align our services with your values and needs, providing expert advice and insurance protection that allows you to focus on what matters most—growing your business with peace of mind.
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We take full responsibility for the services and recommendations we provide. Every action is designed to deliver results, fostering trusted, long-term relationships with our clients. Your satisfaction and security are at the forefront of everything we do.
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Expert Solutions
With over 15 years of experience, we specialise in delivering tailored advice and solutions to protect your business. We customise our offerings to your unique needs, ensuring comprehensive coverage and peace of mind.
Frequently Asked Questions
1. What distinguishes Commercial Motor Insurance from personal auto insurance?
Commercial Motor Insurance is specifically designed to cover vehicles used for business purposes, offering coverage options that cater to the unique risks associated with commercial vehicle use.
2. Can I insure multiple types of vehicles under one Commercial Motor Insurance policy?
Yes, many insurers offer policies that can cover a range of commercial vehicles, from cars and vans to trucks and special types of vehicles, under one policy.
3. Is Commercial Motor Insurance mandatory?
While the specific requirements can vary by region, third-party liability insurance is generally mandatory for all motor vehicles, including commercial ones.
4. How can I reduce the premiums for my Commercial Motor Insurance?
You can often reduce your premiums by choosing a higher excess, installing security devices, ensuring safe driving practices, and maintaining a good claims history.
5. What should I do if one of my commercial vehicles is involved in an accident?
Report the incident to your insurer as soon as possible, providing all necessary details and documentation. It's also important to not admit liability at the scene of the accident.