subject: Commercial Vehicle Insurance For Tradesmen [print this page] Every tradesman needs a Ute or a commercial motor vehicle to haul around tools and get to and from the job site. There are a few things you need to know about your commercial vehicle insurance to ensure youve got the insurance cover you need at the best price.
Look for an insurer that specializes in tradesmens insurance and this covers Public Liability insurance, Tools insurance, Injury and Accident insurance, Business insurance and commercial vehicle insurance. Search the internet to find out more about commercial vehicle insurance, or to obtain an online commercial vehicle insurance quote specifically for tradesmen.
When it comes to selecting a value for money commercial vehicle insurance policy, ask your insurance consultant about new for old replacement vehicle. A new for old inclusion can apply if your business car is less than 2 years old and written off. This is a must have for busy tradies who cant 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.
Another valuable inclusion in your commercial vehicle insurance policy, and which is handy for tradesmen, is a free windscreen. Ask your consultant about free windscreen replacement as part of your commercial vehicle insurance policy.
For tradies who have a clean driving record, protecting their no claim bonus is important. For tradesmen with commercial vehicle insurance and who have no driving convictions, infringements or fines over 30 years, the bonus can be as much as 50% of the cost of the commercial vehicle insurance policy. If youve been driving for this length of time, its well worth asking your insurance consultant about your no claim bonus.
Regaining your no claim privileges on your commercial vehicle insurance takes up to 3 years and only if no claims are made. On those occasions when you just have to make a claim on your commercial vehicle insurance policy that is not your fault, tradesmen need to know that it is essential to supply the name and contact details of the person who caused damage to your work vehicle.
As with all Australian insurance policies, a duty of disclosure applies for your commercial vehicle insurance. Tradesmen need to advise their insurance consultant of any driving infringements, if their license has ever been 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 commercial vehicle insurance advisor to seek clarification.
Importantly, the insurer can refuse a tradesmans claim if the damage to a commercial vehicle occurred while driving over the legal alcohol limit or under the influence of prohibited substances and if the work vehicle is not roadworthy. Tradesmen also need to be responsible for the reasonable safe keeping of their commercial vehicle by not leaving it unlocked or with the keys in the ignition when it is unattended.
To find out more about commercial vehicle insurance, public liability insurance, tools insurance, and business insurance for tradesmen, injury and illness insurance (formerly known as income protection insurance) please contact your insurance consultant or search the web for an online quote.
Always refer to your Product Disclosure Statement for complete details of your Australian commercial vehicle insurance policy.
by: Malcolm Nguyen
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