Commercial Motor Insurance

The Insurance Every Business Owners Needs to Know About

Brief Summary: MarineCommercial Motor Insurance is essential for businesses that rely on vehicles for their day-to-day operations. This insurance helps protect the company's vehicles, as well as potentially covering third-party damages, ensuring that the business can continue to run smoothly in the event of an accident or other vehicular incident.

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What is Typically Covered:

• Vehicle Damage: Covers repair or replacement costs if your business vehicles are damaged in an accident or by vandalism, theft, fire, or weather events.

• Third-Party Liability: Protects your business against the financial consequences if your vehicles cause injury to others or damage to their property.

• Theft: Provides coverage if your commercial vehicle is stolen.

• Windscreen and Glass Cover: Covers the cost of repairing or replacing the vehicle's windscreen or windows without affecting your no-claims bonus.

• Legal Costs: Covers legal fees associated with a claim involving your commercial vehicle.

• Downtime Coverage: Compensation for loss of income when your commercial vehicle is off the road due to an insured event.

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What is Not Typically Covered:

• Normal Wear and Tear: The expected deterioration of the vehicle over time is not covered.

• Damage from Unapproved Use: Damage resulting from the use of the vehicle for purposes not covered by the policy.

• Intentional Damage: Any damage intentionally caused by the policyholder or authorized drivers.

• Mechanical or Electrical Breakdown: Issues related to the vehicle's mechanical or electrical systems are typically not covered unless specifically stated in the policy.

• Driving Without a Valid License: Incidents that occur when the driver does not have a valid driving license or is in breach of the license conditions.

• Use Beyond Geographical Limits: Claims that arise when the vehicle is used outside the geographical area covered by the insurance policy.