Light Truck Insurance, Van Insurance and ute insurance
Business Vehicle Insurance for Tradies
Things to know
If you're a tradesman, there are a few things you should know when asking for commercial vehicle insurance quotes to ensure you get the best value policy.
Declare drivers under 25
Not all excesses are the same. Drivers under 25 years (which commonly applies to a tradesman with apprentices) should be noted on your business vehicle insurance policy. If they’re not, your commercial vehicle insurance excess can increase by up to $600 over the standard and applicable age excesses, some policies call it “undeclared driver excess”.
Protect your "No-Claim Bonus"
At Tradesure, we also recommend that you protect your business car insurance no claim bonus, otherwise you could be paying a whole lot more for your commercial vehicle insurance premium if you have a claim. If you are considered a Rating 1 Driver, ensure that your commercial vehicle insurance policy includes No Claim Bonus Protection, which can save you an increase of up to $250 on your annual commercial car insurance premium if you need to make an at-fault or non-recoverable claim.
It takes 2 years to regain your no-claim privileges
Most people don't know that it takes 2 years without any claims, to regain your commercial vehicle insurance “no claim” privileges.
In the event of an accident get the other parties details
While most tradesmen understand that commercial vehicle insurers are unlikely to alter your no claim bonus or ask you to pay an excess if you are not at fault, what you may not know is that you must be able to supply the name and details of the driver who caused the damage.
Do you travel more than 250 km from base?
If you’re a tradesman or contractor who operates trucks and commercial vehicles which are 2-tonne or more, it’s important to check your travel radius. Somelight truck insurance policies limit your travel to 250km from your base. If you have an accident outside that radius, your excess can increase or you may even find yourself uninsured.
Commercial Vehicle Insurance - points to consider
Insure your vehicle for what it's worth
All tradesmen are looking to keep their commercial vehicle insurance premium at a minimum, so it is important to confirm the ‘sum insured’ as your commercial vehicle insurance premium is based on it. You’ll pay more premium than you need to if your commercial vehicle is over insured and conversely some commercial vehicle insurance policies will penalise you in the event of a claim, if your commercial vehicle insurance cover is valued at less than 80% of the vehicle’s value.
Keep your insurer informed
As ‘duty of disclosure’ applies, you also need to advise your commercial vehicle insurer if you or any of your drivers have had their license cancelled, suspended, restricted or they have had a criminal offence. Once again, this can vary from insurer to insurer, so you need to talk to your Tradesure commercial vehicle insurance advisor to seek clarification.
You might need a hire car
Tradesmen should also ask their commercial vehicle insurer about hire cars. Most commercial vehicle insurance policies cover you for a hire car in the event of theft, but not always in the event of an accident claim.
don't forget YOUR trailer!
Trailers need to be insured
Nine times out of ten, tradies forget all about insuring their trailers and let's face it if you have a roll over with the trailer on the back there's going to be stacks of damage to the trailer AND it's contents. Or what if a tradesman's ute, van and/or trailer is stolen? You need to clear the claim fast so you can get back to work.
Find out more
If you have questions see our page about trailer insurance.
Tradesure can help you with all your commercial vehicle insurance, including van insurance, light truck insurance and ute and trailer insurance. If you're not sure what you need, simply fill in a contact form or call us on 1800 872 331.
Commercial Vehicle Insurance FAQs
Can my apprentice drive my work vehicle and if he has an accident will my insurance cover it?
Drivers under 25 years should be noted on your commercial vehicle insurance policy. If they’re not, your commercial vehicle insurance excess can increase by up to $600 over the standard and applicable age excesses. It’s called “undeclared driver excess”.
I’ve just upgraded my vehicle to a 2-tonne truck, will this affect my commercial vehicle insurance premiums?
To find out if there are changes to your commercial vehicle insurance premiums, simply get an online quote. Further, it is important to check your travel radius if you’re a tradesman or contractor who operates trucks and commercial vehicles which are 2-tonne or more. Some commercial vehicle insurance policies limit your travel to 250km from your base. If you have an accident outside that radius, your excess can increase or you may even find yourself uninsured.
If something happens to my work vehicle so that I can’t use it, does my commercial vehicle insurance cover a replacement car?
Tradesmen should ask their commercial vehicle insurer about hire cars. Most commercial vehicle insurance policies cover you for a hire car in the event of theft, but not always in the event of an accident claim.