How To Pay Less For Business Insurance

If you are tradesmen with a clean driving record, it could contribute to a cheaper work vehicle insurance premium.

For tradesmen who have no driving infringements, driving convictions or fines over thirty years and if you’ve made no insurance claims, your bonus could be as much as 50% of the cost of your business vehicle insurance policy.  

Tradies who have been driving for this amount of time should ask their insurance advisor about how they might be eligible for cheap business car insurance and how their good driving record could positively contribute to their work car or work ute insurance premium price.

While we are talking about work car insurance or commercial vehicle insurance, there are a few things you need to know when it comes to choosing the insurance policy for your work car, work ute, work truck or work van that will suit you best.

However, there are a few things you need to know about your commercial vehicle insurance to ensure you’ve got the car insurance, ute insurance, van insurance or truck insurance cover you need at the best price.

Firstly, if you are a tradie you need an insurance advisor, like Tradesure that specializes and quotes tradesmen insurance.  

To achieve the best value for money business vehicle insurance policy, ask your Tradesure insurance consultant about new for old replacement vehicle.  A new for old inclusion can apply if your business vehicle is less than 2 years old and written off.  This type of business vehicle insurance is a must-have for busy tradies who can’t afford to be without a work vehicle.  However, there are a few conditions including the owner must be the first or original registered owner of the business car that is to be replaced.  It’s also best to get a quote for the best car insurance for business but also car insurance quotes that are for cheap business car insurance.

It is also worth asking if a free windscreen replacement is part of your commercial car insurance, van insurance, ute insurance or truck insurance policy.

When it comes to making a claim, on your business vehicle insurance policy and it’s not your fault, tradies need to provide the insurer with the name and contact details of the person who caused damage to their business vehicle so your excess can be waived and your no claim bonus not affected.  

As with all business vehicle insurance, car insurance, van insurance, ute insurance policies, a ‘duty of disclosure’ applies for your commercial vehicle insurance.  To achieve cheap business car insurance premiums, Tradesmen need to advise their insurance consultant of any driving infringements. Even this includes whether their license has ever been cancelled, suspended, restricted or they have had a criminal offence.  Cheap business car insurance is always subject to the conditions of total disclosure. Talk to your business vehicle insurance advisor to seek clarification and for quotes.

And this includes telling your insurer if any other tradies drive your work ute, including young drivers.  If you don’t and your young apprentice has an accident you may find that your insurer is not obligated to pay any claim you may make or penalty excess that can be applied to under 25 year old undeclared drivers.

Fixing this situation is as easy.  Simply include the details of all the driver’s likely to use your work car on your business car insurance paper work.

Always refer to your Product Disclosure Statement for complete details of your Australian business vehicle insurance policy.

Premiums may vary from state to state due to Govt. charges