Who should consider it?
Commercial Motor vehicle insurance is worth considering if you own or are responsible for one or more vehicles used for business purposes.
That’s because accidents can be costly – especially when you’re at fault. If your vehicle is involved in an accident that you caused, you’ll not only have the expense of repairing your own car – you’ll generally have to pay for damage to the other vehicle too.
A comprehensive commercial motor insurance policy can assist you with the financials involved with repairs to ensure that your business can continue to operate.
What can it cover?
Commercial Motor Insurance is a comprehensive insurance policy that is intended to provide cover for unintentional damage to your business motor vehicle or unintentional damage to a third party motor vehicle or third party property that is caused by your business motor vehicle.
Business motor vehicles can include
This ranges from excavators to trucks and vans.
This might include costs associated with:
Replacement of a lost or stolen vehicle
- Cover to help pay for the damage you’ve caused to another person’s vehicle
- Cover for the cost of a rental care if your car needs repairing or gets stolen
- A replacement of the same make and model for new cars that are written off within three years
- Legal liability cover
- Re-keying or re-coding of vehicle keys that are stolen
What isn't cover?
There are exclusions. There is also often a deductible or excess and limits on cover, so check with your Lesure insurance broker.