What is Heavy Vehicle Insurance?
Heavy vehicle insurance, also known as truck insurance, provides comprehensive coverage for commercial vehicles with a carrying capacity over 3.5 tonnes. This insurance can protect a range of vehicles, from single units to extensive fleets, including general carriers, tippers, excavators, livestock carriers, and refrigerated and hazardous goods carriers.
What Does Heavy Vehicle Insurance Cover?
Heavy Vehicle insurance typically provides comprehensive coverage for risks including accident, theft, vandalism, fire and natural disasters, as well as third-party property damage and coverage for hazardous goods. Policies can also cover for loss of income if the vehicle is out of service, legal expenses associated with claims, and tools/equipment carried in the vehicle.
Who needs heavy vehicle insurance?
This type of insurance is essential for businesses that rely on heavy vehicles for their operations. It is crucial for protecting businesses from the high costs associated with accidents, theft, and other damages. It provides peace of mind to business owners, knowing that their assets are safeguarded and that they can recover quickly from any disruptions. Given the significant investment that heavy vehicles represent and the critical role they play in many industries, having the right insurance coverage is essential for maintaining operational continuity and financial stability.
