Commercial Motor Insurance
Are your commercial vehicles essential to your business? If you or one of your employees are responsible for an accident while driving a business vehicle, you could be liable for the cost of damage to other people’s property.
Meanwhile, if one of your vehicles is stolen or damaged in an accident, you may have to pick up the cost of repairing or replacing your vehicle.
1300 Insurance can arrange commercial motor as agent for the insurer Allianz Australia Insurance Limited. With commercial motor insurance through 1300 Insurance, you can choose from 3 levels of cover; comprehensive, third party property damage with fire and theft cover1, or third party property damage only insurance.
Commercial motor insurance includes*
Whether you opt for a comprehensive, third party property damage, or third party property fire and theft only cover, you’ll receive cover for up to $30 million cover for amounts you are legally liable to pay for loss or damage to someone else’s property caused by an accident which is the fault of an authorised driver of your business.
Commercial motor insurance policies through 1300 Insurance come with a number of additional benefits included as standard; such as cover for accidental loss or damage to someone else’s property caused by goods falling from your vehicle, by the loading or unloading of goods from your vehicle or accidental damage caused by you driving a substitute vehicle whilst your own vehicle is undergoing repair. It also includes up to $5,000 cover for loss or damage to your vehicle in an accident caused by the driver of an uninsured vehicle (provided that you can provide details of the identity of the driver and the uninsured vehicle).
1 Third Party property Damage Fire & Theft cover may be selected where you vehicle is a sedan, station wagon, four wheel drive, panel van or utility vehicle, and the total sum insured does not exceed $5,000.
Comprehensive commercial motor insurance can provide you with cover in the event of theft, malicious damage or accidental loss or damage (including damage caused by fire, hail, flood, storm or earthquake) to your business vehicles. Comprehensive cover comes with a broad suite of built-in benefits including up to $3,000 cover for any one event essential travel and temporary accommodation expenses after an accident to allow you to complete your journey, and up to $1,000 cover for personal property within the vehicle for any one accident. For an additional premium, you may be able to choose to add optional cover for the costs of hiring a replacement vehicle after an accident, subject to eligibility criteria.
If you only require basic cover for loss or damage caused to your own business vehicles, you may opt to restrict your cover to third party property damage – fire and theft providing your vehicle is eligible. This cover protects you against loss or damage to your business vehicles caused by fire, lightning, explosion, theft or illegal conversion, and up to $5,000 cover for an accident caused by an uninsured third party, in addition to providing full cover for damage to other people’s property as offered by our Third Party Property Damage policy.
When you buy a commercial motor insurance policy through 1300 Insurance, you can spread the cost of your premiums without paying extra. Whether you opt for annual or monthly instalments, you’ll pay the same total premium to protect your business vehicles.1
*Eligibility criteria apply. For the standard terms, conditions, limits and exclusions of cover, please refer to the relevant PDS.
Commercial motor insurance through 1300 Insurance enables you to protect your business against legal liability for loss or damage to someone else’s property caused by an accident which is partly or fully your fault. If you choose comprehensive insurance, you will also be covered for the cost of repairs or replacement if your vehicle is stolen or suffers malicious or accidental damage. Choose the level of cover to suit your budget and needs and get a suite of built-in benefits.
Commercial motor insurance through 1300 Insurance, including third-party property damage only cover, includes up to $30 million cover for any legal liability for loss or damage to someone else’s property caused by an accident which is partly or fully your fault.
All policies include cover for accidental loss or damage caused by goods falling from your vehicle or by the loading or unloading your vehicle, up to $5,000 cover for loss or damage to your vehicle in an accident caused by the driver of an uninsured vehicle (provided that you can provide details of the identity of the driver and the uninsured vehicle), and automatic cover for substitute vehicles or non-owned vehicles being driven by an authorised person in connection with your business while your vehicle cannot be used because it is undergoing repair.
All levels of cover include cover for the legal costs associated with defending your legal liability for any vehicle not owned by you while that vehicle is being used in connection with your business.
If you opt for comprehensive cover, you will receive all cover provided under third-party property damage cover, plus cover for loss or damage to your vehicle as a result of theft, malicious damage, or accident damage (including damage caused by events such as fire, hail, flood, storm or earthquake) to your business vehicles. You can choose whether to insure your vehicles for an agreed value or market value.
Comprehensive commercial vehicle insurance comes with a range of benefits as standard, a summary of which is set out below. For the standard terms, conditions, limits and exclusions of cover, please refer to the Product Disclosure Statement. Eligibility criteria apply.
|Cover Type||Description of cover provided|
Section 1 – Loss of or Damage to Your Vehicle; and
Section 2 – Third Party Property Damage Cover – Cover for Your legal liability for loss or Damage to another person’s property
|Third Party Property Damage – Fire & Theft||Eligibility criteria apply. Cover includes:
Restricted Section 1 cover – Loss of or Damage to Your Vehicle (Fire & Theft only); and
Section 2 – Third Party Property Damage Cover – Cover for Your legal liability for loss or Damage to another person’s property
|Third Party Property Damage||Section 2 only – Third Party Property Damage Cover – Cover for Your legal liability for loss or Damage to another person’s property|
|Cover||Summary of cover available||Benefits|
|Additional benefits applicable to Section 1 – Loss of or Damage to Your Vehicle|
|Accommodation and travelling expenses||The reasonable costs for essential temporary accommodation or travel to complete the journey or return to point of departure.||Up to a maximum of $3,000 any one event|
|Additional accessories||Loss or damage to any equipment or apparatus as maintained by you.||Up to a maximum of $5,000 any one event|
|Automatic additions and deletions||Cover for any replacement or additional registered vehicles acquired by you during the period of insurance.||Up to $150,000 any one vehicle|
|Automatic trailer cover||Cover for any two-wheeled or box trailer owned by you whilst it is attached to your vehicle.||Up to a maximum of $1,000 any one accident|
|Chains, gates, ropes and tarpaulins||Cover for theft of any chains, gates, ropes or tarpaulins as a result of theft of your vehicle.||Up to a maximum of $5,000 any one event|
|Emergency car hire||Cover for a hire vehicle when your vehicle is damaged in an accident and cannot be driven.||Up to $100 a day for 2 consecutive days|
|Emergency repairs||Reimbursement for repairs to enable you to drive your vehicle.||Up to a maximum of $1,000 any one accident|
|Employees’ vehicles||Cover for employees’ vehicles whilst being used in connection with your business.||Up to a maximum of $50,000 any one accident|
|Finance payout – total loss||Covers the difference between the market value and the residual value after a total loss.||Up to a maximum of 25% above the market value|
|Fire brigade & emergency services cover||Cover for charges imposed by the fire brigade, police or any emergency services.||Up to a maximum of $20,000|
|Funeral expenses||Cover for funeral expenses following the death of your driver.||Up to a maximum of $10,000 any one event|
|Hire car following fire and theft||Cover for a hire vehicle when your vehicle is damaged by fire or theft.||Up to a maximum of $3,000|
|Modification to vehicle||Cover for costs to modify your vehicle if its driver is permanently disabled.||Up to a maximum of $5,000 any one event|
|Personal property||Cover for loss or damage to personal property.||Up to a maximum of $1,000 any one theft or accident|
|Re-keying and re-coding||Cover for the cost to re-code your vehicles locks if your keys are stolen.||Up to a maximum of $1,000 any one vehicle or $10,000 any one event.|
|Recovery cost – no damage||Cover for recovering your vehicles where there has been no damage sustained.||Up to a maximum of $5,000|
|Removal of basic excess for windscreen claims||Removal of basic excess where your vehicles windscreen or window glass is accidently broken.|
|Removal of debris||Cover for costs to clean up debris from goods falling or leaking.||Up to a maximum of $10,000|
|Replacement vehicle||New vehicle replacement where your vehicle is declared a total loss.||For Vehicles within their first 2 years of registration|
|Sign writing||Cover for the costs to reinstate any sign writing or artwork.||Up to a maximum of $5,000 any one event|
|Tools of trade||Cover for loss or damage to your tools.||Up to a maximum of $1,000|
|Towing||Cover for costs to protect and tow your vehicle.||Up to a maximum of $5,000|
|Vehicle being transported||Cover for loss or damage when your vehicle is being transported by road, rail, sea or air between any places in Australia and New Zealand.|
|Vehicle return||Cover for additional costs to return your vehicle to its original destination or point of departure.||Up to a maximum or $5,000 any one event.|
|Cover||Summary of cover available||Benefits|
|Additional benefits applicable to Section 2 – Third Party Property Damage|
|Falling goods||Your liability if a third party’s property is damaged by falling goods from your vehicle.||Up to the limit of liability|
|Legal costs||Your legal costs in defending your legal liability for any vehicle not owned by you while that vehicle is being used in connection with your business.||Up to the limit of liability|
|Loading and unloading||Your liability if a third party’s property is damaged by the loading and unloading of goods from your vehicle.||Up to the limit of liability|
|Non owned vehicle liability||Your legal liability for any vehicle not owned by you while that vehicle is being used in connection with your business.||Up to the limit of liability|
|Substitute vehicle||Accidental damage to a third party’s property caused by you driving a vehicle not belonging to you whilst your vehicle cannot be used because it is undergoing repairs.||Up to the limit of liability|
|Uninsured motorists||Cover for damage to your vehicle caused in an accident with an uninsured driver.||Up to a maximum of $5,000|
For an additional premium, you may be able to add cover to your Comprehensive policy for the cost of a hire vehicle following an accident. If you select this option, you will have cover for the cost of a hire vehicle for up to 42 days (where the insurer arranges the rental) or up to $3,000 for each vehicle per claim (where the insurer is unable to arrange the rental).
Eligibility criteria apply. Before making a decision, please consider the PDS which sets out the standard terms, conditions, limits and exclusions of cover.
You may be able to opt to restrict your cover to third-party property damage fire and theft, which provides cover for loss or damage to your vehicle caused by fire, lightning, explosion, theft or illegal conversion, and up to $5,000 cover for an accident caused by an uninsured third party, provided the accident was the fault of the driver of the other vehicle and you can supply the name, address and registration of that driver.
How to apply for cover
Applying for commercial motor insurance through 1300 Insurance couldn’t be easier. Simply call 1300 467 872 and speak to a friendly service consultant.
Need to claim?
If something does happen to one of your commercial vehicles, you’ll want to get back on the road again as quickly as possible. We arrange commercial motor insurance as agent for one of Australia’s leading general insurers, Allianz Australia Insurance Limited.
Click here for information on how to claim.
With our 3 levels of cover, commercial motor insurance through 1300 insurance will provide you with cover for many of the risks your business vehicles face. However, it is important to understand what is not covered by your commercial motor insurance policy. For the standard terms, conditions, limits and exclusions of cover, please refer to the relevant Product Disclosure Statement.
1300 Insurance Pty Ltd ABN 50 124 845 727 AR Number 327609 is authorised to arrange this insurance as agent for the insurer Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL No. 234708 (Allianz) and to provide written general advice on this insurance as the insurer’s agent. We do not provide any advice based on any consideration of your objectives, financial situation or needs. Terms, conditions, limits and exclusions apply. Before making a decision, please consider the Product Disclosure Statement available here.
If you purchase this insurance, we will receive a commission that is a percentage of the premium. We will also receive a percentage of the profit which exceeds the profit threshold on Home (excluding flood), Landlord (excluding flood), Motor, Caravan and Trailer and Commercial policies arranged by us as agent for Allianz (or renewed with Allianz) in each calendar year, provided that the relevant premium threshold is met. From 1 September 2018, we will also receive an annual marketing allowance from Allianz for promoting its products. This is calculated as a percentage of the premium on Home, Landlord, Motor, Caravan and Trailer and Commercial policies arranged by us as agent for Allianz in the previous 12-month period. Ask us for more details before we provide you with services.
1 Premiums payable by instalments may be subject to minor adjustments (upwards or downwards) due to rounding and financial institution transaction fees may apply.
Commercial Motor Insurance
For many companies, insurance is a fundamental part of doing business. Public liability cover, for example, may be a basic requirement of your operating licence. In many cases your potential clients, suppliers or investors will want to know that the financial stability of your business is protected. You may need to provide evidence of your insurance arrangements as part of the tender process for contracts, or during negotiations for credit lines or funding.
Even if you aren’t required to take out business insurance, it’s prudent to do so. You’ve worked hard to build up your business and without protection you could lose everything you’ve achieved to a single event, like a storm or fire.
Business insurance can cover you for many types of risk, from theft and damage to lost income or liability claims.
Your business is unique, and so are the opportunities and risks you face. Your insurance needs may depend on a wide range of factors, including
- The nature of the work you do
- The type, value and location of your assets
- Whether you manufacture products or carry high volumes of stock
- Whether you provide advice which may be relied upon by your customers
- Whether you work in public spaces or on customers' premises
- The legal and management structure of your company
- Whether you have employees, and the size of your team
- The physical, financial or reputational risks which threaten your company
The most popular types of business insurance include:
- Public or product liability
- Asset or property insurance
Both these essential insurances are options within our Small Business Advantage insurance, available online.
Other common business insurances include professional indemnity and management liability insurance, which can also be incorporated into your Small Business Advantage policy.
There are also specialised insurances available to mitigate more specific threats, such as transit insurance, machinery breakdown and electronic equipment. If you’re looking for more specialised policy, simply contact our friendly team on 1300 467 872 for information.
You could have immediate cover for all your major risks, without waiting for quotes from brokers. Our Small Business Advantage insurance package gives you the option to take out comprehensive protection against loss or damage to your property, interruption to your business and public or product liability claims plus a wide range of other threats.
If you need more specialised business insurance cover, 1300 Insurance is still the smart choice. We work with every major provider of business insurance in Australia and have close relationships throughout the global insurance marketplace. Our advisors have extensive risk management expertise and detailed knowledge of all the diverse business insurance products available in the market.
We'll also guide you through the underwriting process and support you throughout the lifetime of your insurance policy with a dedicated account manager, claims support and ongoing information.
Our small business insurance package is brought to you in partnership with leading Australian insurance provider Allianz. It enables you to tailor your business cover to suit your needs, all in a single, affordable policy. It’s designed to suit more than 2,000 professions and offer protection against all the major risks faced by most businesses, including theft, damage or business interruption due to natural disasters, and public or product liability insurance.
We also offer packages designed for office-based professionals and for tradespeople and service providers.
The cost of your small business insurance policy is your monthly premium. The amount you pay may depend a number of factors, including
- The type of work your business does
- How many employees you have
- Where your business is located
- How much stock you carry, if any
- The nature and value of your business property
- The size of your business and your annual profits
- Which types of cover you choose to take out.
All these things can determine the type of risks you face and the likelihood you will need to make a claim, which is the information used to calculate your premium.
You can find out what your premium amount will be by clicking on the "Get a Quote" button below.
Our small business online insurance has a 14-day cooling off period. So if you have second thoughts after buying your cover you can cancel it within two weeks and get a full refund, provided that you have not made a claim.
As long as you pay your premiums when they are due, your small business online insurance policy will remain in place for the period shown on your policy document.
If you do not pay your premiums on time we may be entitled to reduce or refuse to pay a claim and cancel your policy.
You can cancel your policy at any time. The cancellation will be effective on the date we receive your request and an administration fee will apply.
If you decide to cancel your policy, we will refund the proportion of your premium relating to the unused period of insurance, less the administration fee and any non-refundable government charges. However, we will not refund any premium if you have made a claim.
When you buy your small business insurance through 1300 Insurance in partnership with Allianz, you can spread the cost of your premiums without paying extra. Whether you opt for annual or monthly instalments, you’ll pay the same total premium to protect your business.
Premiums payable by instalments may be subject to minor adjustments (upwards or downwards) due to rounding, and financial institution transaction fees may apply.
It’s really important that you keep up to date with your premium payments. If you do not pay your premiums on time we may be entitled to reduce or refuse to pay a claim and cancel your policy. This means you will not be covered for loss, damage or interruption to your business due to theft or natural disasters, or for public or product liability claims or any other type of cover you have taken out.
Generally, you can claim a tax deduction for the premiums your business pays on most types of business insurance. However, this is not always the case for all types of insurance, so it’s important that you contact your tax advisor for advice on the individual circumstances of your business.
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We try very hard to respond to every question we get in a timely manner, but if your question is urgent you might want to call us on 1300 467 872.