SOLUTIONS
SPECIALISTS
How do I insure a commercial vehicle?
- Delivery and transport vehicles
- Trucks and trailers
- Heavy-duty vehicles
- Service vehicles
- Passenger vehicles used for business
Commercial vehicle insurance update
A utility vehicle from transport must be covered in the same way as any other vehicle with third-party insurance. This type of vehicle generally costs more, which is why it's essential to take out comprehensive insurance that's tailored to its specific needs. You need to take into account the contents of the vehicle, the operating loss in the event of a claim, and other factors to insure it effectively and appropriately.
How does the insurer define a commercial vehicle?
A insurance company has several categories, including the one reserved for commercial vehicles. This category includes any vehicle measuring a maximum of 12 meters long and 2.55 meters wide, or 2.60 meters for refrigerated vehicles. The maximum gross vehicle weight must not exceed 3.5 tonnes, otherwise it will be considered a heavy goods vehicle. It's worth remembering that a commercial vehicle, whether owned by a private individual or a company, must be insured.
Which basic insurance?
The basic insurance for a commercial vehicle is third-party liability. This is the minimum cover you need to take out, and you should think about adding to it. with protection against theft and accidents, given the particularly high value of this type of vehicle.
On the other hand, this type of vehicle is much more in demand for various activities, and the mileage covered is generally high, which explains why insurance is more expensive than for a car, for example. To optimize the cost of insurance, and if the owner has more than three vehicles, it is advisable to create a fleet to cover all the vehicles at once. Premiums are inversely proportional to the number of vehicles insured. So the more vehicles you have, the more you save.
Insurance is an important consideration when buying a commercial vehicle. In fact, it's best to opt for hybrid models with lower premiums.
Special warranties
Commercial vehicles are used for transporting objects and goods, which means that you need to take out cover for the contents, i.e. documents, merchandise, tools and so on. If the vehicle is used for business purposes, it is advisable to take out replacement value cover, enabling the vehicle to be replaced. in the event of a claim. Similarly, don't hesitate to take out business interruption cover to cover the loss of earnings caused by the immobilization of your commercial vehicle.
What are the different types of commercial vehicle insurance?
Commercial vehicle insurance is designed to offer protection tailored to your needs. specific to companies using vehicles in the course of their business. Here are the main types of insurance available for these vehicles:
- Liability insurance for commercial vehicles Commercial vehicle insurance: Covers bodily injury and property damage caused to third parties in the event of an accident involving the commercial vehicle. This insurance is generally compulsory before you can drive your vehicle.
- Collision and upset insurance : Pays for repairs to the commercial vehicle in the event of a collision with another vehicle or object, or in the event of a rollover.
- All-risk insurance Comprehensive protection, including collision damage, as well as other risks such as theft, vandalism, fire and natural disasters.
- Cargo insurance Protects goods and merchandise against damage or loss in transit.
- Glass Breakage Insurance Covers the cost of replacing or repairing damaged vehicle windows.
- Business interruption insurance Loss of income: Compensates for the loss of income resulting from the immobilization of a commercial vehicle due to a covered loss.
- Environmental liability insurance Covers costs associated with contamination or environmental damage caused by accidents involving hazardous substances carried by the vehicle.
- Legal expenses insurance Commercial vehicle insurance: Provides cover for legal costs in the event of disputes arising from the use of the commercial vehicle.
- Driver's insurance Protects the driver of a commercial vehicle in the event of injury sustained while on duty.
- Equipment and accessories insurance Special equipment: Covers special equipment and accessories added to the commercial vehicle, which are not covered by a standard policy.
It's important for companies to assess their specific needs and talk to an insurance broker to find the coverage that's best for them. business activity. Insurance requirements can vary considerably depending on vehicle type, intended use and associated risks.