- Cars, van, utes and light trucks
- Heavier vehicles such as forklifts, bulldozers, tractors, bob cats, excavators, mini loaders, ride on mowers and trucks
Commercial Motor Insurance
— Commercial motor insurance is designed to cover the costs due to theft and accidental damage by fire, flood, collision, overturning, hail and storm to vehicles used for commercial purposes. Business car insurance is another name for commercial motor insurance.
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Comprehensive Cover
This is the broadest level and will cover you for theft and accidental damage against fire, hail and storm. It will also cover you when you damage a third party vehicle or property even when you’re at fault.
3rd Party Only
Third Party Property insurance only covers if you cause damage to other people’s vehicles or property. It does not cover damages to your car regardless of fault.
What is commercial motor insurance?
Commercial motor insurance is designed to cover the costs due to theft and accidental damage by fire, flood, collision, overturning, hail and storm to vehicles used for commercial purposes.
What types of vehicles are covered by Commercial motor Insurance?
Comprehensive Cover
This is the broadest level and will cover you for theft and accidental damage against fire, hail and storm. It will also cover you when you damage a third party vehicle or property even when you’re at fault.
Features include:
- Loss or damage to vehicle
- Theft or attempt theft to vehicle
- Choice of repairer
- New vehicle replacement up to 24 months of 1st registration
- Windscreen Claim Benefit
- Hire car following theft (following accident is optional)
- Sign writing replacement costs
- Permanently fixed or bolted tools used in trade, including tool boxes
- Towing costs
- Removal of vehicle debris
3rd Party Only
Third Party Property insurance only covers if you cause damage to other people’s vehicles or property. It does not cover damages to your car regardless of fault.
Features include:
- Legal Liability for damage by your vehicle to the property of others.
- Insurers against damage to your vehicle but only if the damage is caused solely and directly by another vehicle
- Recovery costs following theft up to $5,000
- Removal of vehicle debris up to $50,000
What is the difference between commercial and personal car insurance?
Personal car insurance covers a vehicle that is used for personal use, such as commuting to work, school runs and other day-to-day purposes. It does not cover commercial activities or activities that generate an income.
When working out the difference between a commercial motor vehicle and a personal car, ask yourself – Do you use your car regularly for your job and could you do your job without your vehicle? If your answer is yes and then no, then you probably need consider if commercial motor insurance may be the option for you.
Is commercial motor insurance more expensive than a personal car insurance policy?
Generally speaking yes, commercial motor insurance is more expensive than a typical personal car insurance policy however this does depend on your personal circumstances*.
Commercial car insurance is generally more expensive because the car is in more use and in unfamiliar territory than a personal car that normally drives to places like work, school runs or to visit friends within close suburbs.
*Call 1300 540 156 and press 1 to talk to one of our experienced brokers who will be able to assist you further.
in Summary
As insurance brokers imar can assist you to insure most cars, trailers, vans, utes, light trucks and heavier vehicles. We identify your driving needs and make sure you are protected with our access to a wide range of policies and providers. We make finding commercial motor insurance easier for you.