Motor Fleet Insurance

Having one of your company's vehicles off the road can cause significant disruption to your operations.

Motor Fleet Insurance provides a coverage option for your business' motor vehicle or collection of vehicles without having to insure each vehicle individually.

This type of policy is suitable for a range of different vehicle types and motor fleet sizes meaning you can manage all your business vehicles under the one policy saving significant time on administration.

What does Motor Fleet Insurance cover?

Motor Fleet Insurance provides comprehensive protection for businesses managing multiple vehicles, helping to safeguard against financial loss from accidents, theft, or damage. Whether you operate a small company fleet or a large commercial vehicle network, having the right business car insurance ensures your vehicles and drivers are covered.

A Commercial Motor Insurance policy can typically include:

• Comprehensive insurance
• Fire, theft and third party property damage
• Third party property damage only

There are also additional benefits that can be tailored specifically for your business including automatic additions and deletions, sign writing, greater driver flexibility and higher legal liability limits.

Do I need Motor Fleet Insurance?

If your business relies on multiple company vehicles for daily operations then Motor Fleet Insurance may be suitable for you. Fleet insurance is designed to cover a group of vehicles under a single policy, offering convenience, potential cost savings, and comprehensive protection tailored to your business's needs.

Talk to your broker about how a Motor Fleet Insurance policy could benefit your business if any of the below points apply:

• You own or lease multiple vehicles (typically three or more). Generally, if a business owns or leases multiple vehicles (typically three or more), fleet insurance becomes more practical and cost-effective than insuring each vehicle separately.
• You operate various types of vehicles Businesses with a mix of vehicles (e.g., cars, vans, trucks, utes, or specialised vehicles) may benefit from fleet insurance, as it can provide tailored coverage for different types under the one policy.
• You have multiple drivers per vehicle If multiple employees or contractors regularly drive business vehicles, fleet insurance simplifies coverage compared to insuring each driver individually.
• You have additional risks to Cover Fleet insurance can offer broader protection, including third-party liability, damage to vehicles, and coverage for goods in transit.
• You want streamlined administration Businesses looking to reduce administrative burdens can benefit from a single renewal date, uniform terms, and centralised claims management through a fleet policy.

Important Tips

• Consolidating all your vehicles under a single policy can help reduce overall premium costs.
• Higher excesses can lower premiums but may increase out-of-pocket expenses during claims. Consider this carefully based on your risk tolerance and cashflow.
• Consult with your broker to choose an insurer with a strong track record of efficient claims handling, helping to minimise downtime after an incident.
• Implement and enforce robust driver safety programs to help reduce incidents and improve your risk profile.