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Covers up to 10 vehicles – ideal for self-employed clients and small to medium-sized businesses, such as electricians, real estate agents, landscape suppliers, traders and local delivery carriers.
Truck and Machinery insurance is very similar to car insurance in that there are two components involved: Comprehensive insurance and Third Party Insurance.
Comprehensive Insurance is insurance that covers damage done to your own insured truck or machinery and covers repairs caused by things that are unexpected such as faire, theft, collision or weather related events.
Third Party Insurance – This type of insurance covers damage to other people’s vehicles and property. If your truck or machinery is damaged at the same time or in the same event and the accident is your fault then it will not be covered for repairs.
Marine cargo insurance is also referred to as Carriers Insurance and covers the value of goods that are being transported.
The radius in which the truck will operate or the straight line distance from the base of operations to the furthest destination.
What you carry in your truck impacts your premium. If for example you move general freight such as boxes and cartons this will be vastly different to refrigerated goods, livestock or dangerous goods.
When it comes to the person driving the truck we must know if the person is under 25 years of age and also, if they have been licensed to drive a truck for less than 2 years. You will also need to provide information on traffic infringements, loss of license or any criminal convictions.
If you have a fleet of trucks and you are using inexperienced prime mover drivers for example who are transporting dangerous goods, livestock or refrigerated items then the configuration of the trailer and the radius they are travelling is factored in to the quote.
Similar to a No Claim Bonus when insuring your car, every year spent without accident a 10% no claim bonus up to a maximum of 50%.