What is Commercial Vehicle Insurance?

Commercial vehicle insurance is a specialised motor insurance tailored for vehicles used in your business operations. 

Unlike standard car insurance, commercial policies address the increased risks that your business vehicles may face. They provide comprehensive protection, covering damages or injuries to third parties and ensuring quick repair or replacement of your insured vehicle to minimise business disruption.

Commercial vehicle insurance encompasses various policies suited to different commercial uses and vehicle types, including vans, trucks, and heavy goods vehicles (HGVs).  Our tailored plans may also cater to the particular needs of your business. 

Having commercial vehicle insurance ensures the operational success of your business, whilst making sure that your vehicles are protected. 

What does Commercial Vehicle Insurance cover?

Our commercial vehicle insurance provides coverage for vehicles used for business purposes. It offers protection against various risks associated with operating business vehicles and typically includes the following coverages:

  1. Liability insurance: This is fundamental coverage that protects against legal liability for bodily injuries or property damage caused to others by your business vehicles.
  2. Collision coverage: This pays for damage to your vehicle resulting from a collision with another vehicle or object, regardless of who is at fault.
  3. Comprehensive coverage: This covers damage to your vehicle from non-collision-related incidents such as theft, vandalism, fire, natural disasters, and hitting an animal.
  4. Medical payments/personal injury protection (PIP): This coverage pays for medical expenses for the driver and passengers in your vehicle in the event of an accident, regardless of fault.
  5. Uninsured/underinsured motorist coverage: This provides protection if your vehicle is involved in an accident with another driver who either does not have insurance or whose insurance is insufficient to cover the damages.
  6. Roadside assistance: Offers help for roadside issues like flat tires, dead batteries, towing, and other similar roadside emergencies.
  7. Cargo coverage: If your business involves transporting goods, this coverage protects against the loss or damage of the cargo.
  8. Non-owned vehicle coverage: This is crucial if employees use their personal vehicles for business purposes. It extends liability protection to these vehicles when used for your business activities.

Commercial vehicle insurance is tailored to meet the diverse needs of your businesses, ensuring the continuous operation and financial protection against common road-related risks.

What isn’t covered?

There are certain risks that won’t be covered by commercial vehicle insurance, including: 

  • Intentional damage
  • Normal wear and tear
  • Using vehicles for non-approved purposes
  • Drivers not listed on the policy
  • Environmental damage

Motortrade Insurance

We are also specialists in motortrade insurance and will obtain the best possible deal tailored to your needs, saving you both time and money. At CIA Insurance we offer two different types of protection for motortrade insurance:

Road Risk Insurance

Road risk insurance offers tailored protection for motor traders, whether you’re on the move or handling daily tasks. Whether you’re buying and selling vehicles, or repairing engines and bodywork, we can craft a policy specifically suited to your business needs. 

This flexibility ensures that you’re covered in exactly the ways you need to be, giving you peace of mind as you go about your business.

Fully Combined Motor Trade Insurance

Our fully combined motor trade insurance includes: 

  • Road risk cover
  • Stock of vehicles
  • Buildings insurance
  • Public liability insurance
  • Employers’ liability insurance 
  • Products liability insurance

Motor Fleet Insurance

If your business utilises multiple vehicles, consider the benefits of our specialist motor fleet insurance policy. 

Opting for fleet insurance is not only more cost-effective than insuring vehicles individually, but it also simplifies management with a single renewal date and provides the convenience of having a dedicated fleet insurance advisor to assist with any issues.

Business Fleet Insurance

At CIA Insurance, we specialise in flexible motor fleet coverage tailored to meet the specific needs of your business. Our mini fleet insurance is perfect for businesses—and even large families—with five or more vehicles. For larger operations, our business fleet insurance can cover an unlimited number of vehicles, ensuring that all your business needs are met under one policy.

Our business fleet insurance rates vary based on the types of vehicles covered. Typically, drivers over the age of 25 are eligible, but we are also equipped to offer policies that include younger drivers and cover high-risk vehicles when necessary.

Whether you’re setting up a new policy or updating an existing one, our team of UK-based advisors is ready to help you secure low-cost motor fleet insurance that matches your requirements. 

Our business fleet insurance rates vary based on the types of vehicles covered. Typically, drivers over the age of 25 are eligible, but we are also equipped to offer policies that include younger drivers and cover high-risk vehicles when necessary.

Whether you’re setting up a new policy or updating an existing one, our team of UK-based advisors is ready to help you secure low-cost motor fleet insurance that matches your requirements. 

We provide you with great service

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Frequently Asked Questions

What is commercial vehicle insurance?

Commercial vehicle insurance is a policy designed to cover vehicles used for business purposes. This includes coverage for damages resulting from accidents, theft, and other risks specific to business operations.
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Who needs commercial vehicle insurance?

Any business that uses vehicles for work-related activities, such as transporting goods, ferrying passengers, or providing services, should have commercial vehicle insurance. This includes businesses with fleets as well as single-vehicle operations.
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What does commercial vehicle insurance cover?

Typically, it includes liability coverage for damages or injuries caused by your vehicles, collision coverage for damages to your vehicles from accidents, comprehensive coverage for non-collision-related damages, and coverage for uninsured motorists.
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How is commercial vehicle insurance different from personal auto insurance?

Commercial vehicle insurance offers higher coverage limits and can include multiple drivers on a single policy. It's specifically designed to address the unique needs and risks of business vehicle operations, unlike personal auto insurance which covers individuals and their personal use vehicles.
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Can I customise my commercial vehicle insurance?

Yes, commercial vehicle insurance policies are highly customisable. You can choose from various coverage options to match your specific business needs, including roadside assistance, cargo coverage, and coverage for equipment and tools.
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What factors affect the cost of commercial vehicle insurance?

Factors include the type and number of vehicles, their use, the driving records of all drivers, and the level and types of coverage selected. The more extensive the coverage and the higher the risk, the higher the premium.
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How can I reduce the cost of my commercial vehicle insurance?

Maintaining a good driving record, choosing vehicles with strong safety features, and increasing deductibles can help lower your premiums. Additionally, bundling multiple policies with the same insurer can also lead to discounts.
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What should I do in the event of an accident involving my business vehicle?

Immediately report the accident to your insurer. Provide all necessary information and documentation, including police reports and damage assessments. Prompt reporting helps ensure that claims are processed efficiently.
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