Yes, you can add what’s known as loss of use cover to your policy, which enables you to hire a replacement vehicle while yours is being repaired.
About commercial truck insurance
Commercial truck and heavy vehicle insurance is an insurance package designed specifically for your industry and business.
Heavy vehicles (over 3.5 tonnes) and trucks are exposed to unique risks. Long driving hours, handling customer goods, and the high value of the trucks and vehicles themselves mean that commercial vehicle insurance may not sufficiently cover your fleet.
Our brokers are preferred suppliers to the National Road Carriers Association and work closely with your industry, understanding the nuances of what’s required. Whether you’re the sole owner/operator of a heavy vehicle or in charge of a fleet of logging trucks, we can help arrange insurance to keep your business trucking along.
A commercial truck insurance or heavy vehicle insurance package typically includes public liability insurance, cargo insurance and truck and vehicle insurance.
Talk to us about your business needs.
What is covered by commercial truck insurance?
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Key product highlights
Commercial truck insurance example
Harry owns a small fleet of logging trucks. One day, the fleet is transporting Radiata pine for export on the highway when an oncoming car causes one of the trucks to make an evasive manoeuvre. The movement causes a winch to break and several of the logs to roll onto the road. Damage is caused to a car that was travelling behind the logging truck.
Luckily, no one is hurt, but it takes several hours to clear the road. Some of the cargo doesn’t make it to its intended destination in time, and this has an impact on Harry’s client.
Harry has tailored logging truck insurance covering his business for liability and protecting his assets. His insurer covers the cost of repairing the damage done to the logging truck, as well as the car that was travelling behind.
The cost of traffic management while the highway is cleared is covered, as is compensation to Harry’s client for the missing and damaged logs and for the costs the client incurred when some of the cargo wasn’t exported in time.
This case study is fictional and does not represent any real-life individuals, events, or organisations.
Why Marsh?
Why should you choose Marsh to arrange your insurance solutions?
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Frequently asked questions
Your Marsh commercial truck insurance broker can guide you through your risks and options to help you find the right type of insurance and add-ons for your business. All logging trucks, heavy vehicles and transport businesses and operators should consider insurance to protect their business and assets unless they are in a financial position to self-insure.
Packages we recommend typically include:
- Tailored truck insurance
- Public liability insurance
- Carriers liability
- Associated storage operation (cover for goods which need to be stored temporarily during the transportation process).
The cost of your insurance package depends on what your needs are. There are many different factors at play, including the type of trucks or heavy vehicles you have, the nature and location of your trucking business and even the experience of the drivers operating the vehicles.
Our interest-free monthly payments option means that qualifying fleets can spread the cost of their insurance over the period of the policy.
LCPA 24/512
Marsh Limited (NZBN 9429040918792)(“Marsh”) arranges the insurance and is not the insurer. This page contains general information and does not take into account your individual objectives, financial situation or needs. For full details of the terms, conditions and limitations of the covers, refer to the specific policy wordings and/or Product Disclosure Statements available from Marsh on request. This publication is not intended to be taken as advice regarding any individual situation and should not be relied upon as such. The information contained herein is based on sources we believe reliable, but we make no representation or warranty as to its accuracy. Marsh shall have no obligation to update this publication and shall have no liability to you or any other party arising out of this publication or any matter contained herein. Marsh makes no representation or warranty concerning the application of policy wordings or the financial condition or solvency of insurers or re-insurers. Marsh makes no assurances regarding the availability, cost, or terms of insurance coverage.