Commercial Vehicle Insurance

Your Risk Adviser is an Australian based insurance brokerage, specialising in the provision of complete insurance solutions to businesses across both the general insurance and life insurance sectors.

To assist individuals and business' to understand what insurance policies are available and the industry traps to be aware of we have complied relevant information on a number of the most common insurance classes available.

Commercial Motor Vehicle Insurance -

Refers to any motor vehicle used for business purposes with a carrying capacity exceeding two tones. This description is also extended to include earthmoving equipment, trailers and specialist machinery.

Commercial motor vehicles can be insured individually or as a fleet (5+ vehicles).

Commercial Motor Vehicle Insurance generally covers-

The cost of repair or replacement of your commercial motor vehicle in the event of a claim, as the result of your actions or that of a third party. It will also cover the costs incurred by third parties for property damage and personal injury in the event of an accident being your fault.

As well as the main coverage listed above, there are a number of extensions available to suit your particular needs. The most common include:

" Coverage for tow trucks etc. whilst loading/unloading vehicles.

" Coverage for non owned goods whilst in transit and damaged by the vehicle operator/carrier.

" Coverage for non owned trailers being used.

" Coverage for vehicles whilst being hired out (either with or without operator).

" Coverage for lost income whilst vehicle is being repaired.

" Coverage for combustible/high hazard items.

Considerations/Limitations to be aware of with Commercial Motor Vehicle Insurance:

Commercial Motor Vehicle Insurance Policies all have considerations to be aware of, the main being:

" Ensure your vehicle is always operated within the geographical radius listed.

" Ensure that any young or inexperienced drivers are correctly listed and accepted by the insurer.

" Ensure that the operator of the motor vehicle is complying with relevant legislation at all times, or insurers have the opportunity to decline claims, such as in the case of accidents occurring whilst driving under the influence of alcohol or whilst a vehicle is over loaded.

" Be aware that excesses can be doubled whilst tipping or loading/unloading.

Should you have any further questions in relation to this class of insurance, or wish to learn more about the various other insurance policies available, please visit our website at www.yourriskadviser.com.au or alternatively call to speak to one of our qualified insurance advisers on 1300 815 344.

Your Risk adviser is an Authorized Representative of NAS Insurance Brokers AFS License No. 233750