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. It does not provide cover for personal injury to third parties. The policy is designed to cover commercial vehicles and get them back on the road after an accident.
If your fleet of business vehicles is not covered by Motor Vehicle Insurance and one of those vehicles is in an accident, it can cause you significant financial hardship. HIA Insurance Services can help you with any claim you make, or any claim made against you, in the event of accidental loss or damage to an insured business motor vehicle.
Commercial Motor vehicle insurance is worth considering if you own or are responsible for one or more vehicles used for business purposes. HIA Insurance Services can obtain cover for comprehensive, third party property damage or third party, fire and theft cover.
Note that a Commercial Motor Vehicle Insurance policy can be renewed on an annual basis without you having to take out an individual policy for each vehicle. A Commercial Motor Vehicle Insurance policy can include an endorsement named ‘automatic inclusions and deletions’ that allows the policyholder to add new vehicles when they are purchased and remove vehicles when they are sold during the policy period.1
Depending on whether you qualify for Aon’s Defigo Commercial Motor insurance, which is suitable for fleets comprising fewer than ten vehicles, or Aon’s Vertex Commercial Motor Insurance, suitable for fleets of ten or more vehicles (not Heavy Motor), the following key policy features are included:
1Subject to the terms and conditions of the policy, including applicable notice periods and premium adjustments.
In arranging certain insurance policies, HIAIS has binder agreements with relevant insurers under which HIAIS is authorised to commit such insurers to providing cover without reference to them. When acting under a binder we will be acting under an authority given to HIAIS by the insurer and will be effecting the insurance contract as agent of the insurer and not as your agent. Any information provided about policies is general in nature and does not take into account your particular objectives, financial situation and needs. Before making a decision, you should carefully consider all information provided to you. Our binder arrangements with insurers are such that we remain your agent in the handling of any claim.