Motor Fleet Insurance Brokers

Motor fleet insurance consolidates coverage for multiple vehicles under a single policy, providing a practical solution that streamlines operational efficiency.
Due to the limited administrative tasks involved, a motor fleet insurance policy is both a cost-effective and consistent protection measure for your fleet. Some policies even offer premium reductions for any extra vehicles that require insurance coverage.
Likewise, since a singular policy is designed to cover an entire fleet, it only needs to be renewed once yearly.

However, a common misconception is that such coverage is only required by transportation industries. The truth is, if your business owns or operates a fleet of vehicles, typically more than eight to conduct a variety of commercial tasks, a motor fleet insurance policy is worth purchasing.

Sometimes, finding the appropriate level of coverage for your fleet may seem complicated especially if it consists of a combination of cars and vans with heavy road vehicles such as trucks and excavators. This is where partnering with an experienced broker becomes helpful. An insurance broker can help you source the best policy that’ll accommodate the specific needs of your fleet.

Motor fleet insurance policies are typically clear-cut. Specific elements of the policy may vary depending on your insurance provider. However, for the most part, basics include: 

• Third-party liability coverage which offers protection against damage caused to other vehicles or properties by your fleet. 
• A comprehensive cover which protects your vehicles against accidents, theft, fire, and vandalism. 
• Customisable coverage options to cover other vehicle types, including company cars and heavy goods vehicles (HGVs). 
• Policies that offer coverage for named, authorised, and/or even young and inexperienced drivers. 
• Add-ons such as breakdown assistance, public liability, and vehicle replacement services. 

Vehicles that can typically be insured as part of a motor fleet insurance policy include:

• Company cars utilised by employees for both individual and business needs. 
• Vans used for a range of delivery services and logistical operations.  
• Lorries and trucks used for transporting heavy goods or for construction purposes. 
• Motorcycles utilised for courier services and quick deliveries. 
• Specialist vehicles such as plant machinery, agricultural vehicles, etc. 
• Emergency services vehicles including ambulances and other patrol vehicles. 
• Temporary and long-term rentals used for everyday business operations. 

While motor fleet insurance policies provide extensive coverage, there are several specific exclusions: 

• Incidents arising from driving under the influence 
• Regular wear and tear of vehicles 
• Intentional damage 
• Excluded drivers 
• Uninsured locations 
• Illegal activities 
• Mechanical or electrical breakdown 
• Unregistered vehicles

While motor fleet insurance isn’t a compulsory business investment, if you own and utilise multiple vehicles as part of your everyday operations, motor fleet insurance could benefit you significantly. It is also a worthy investment if your fleet consists of multiple types of vehicles as tailored coverage can be provided for each vehicle under a singular policy.

It is important to understand the extent of your coverage before partnering with a provider. Each motor fleet insurance provider has its own policy and specific wording that may be difficult to comprehend especially in complex cases. Hence, it’s best to work with an insurance broker to compare the range of policies available to you and the effectiveness of each cover for your individual and/or business needs.

CIG Insurance is part of the Steadfast Network, Australasia’s largest general insurance broker network. With almost 30 years of experience, Steadfast provides access to a range of exclusive insurance products and services. By partnering with us, you’ll receive personalised and customised support from our brokers, who are committed to finding comprehensive protection for your fleet.