Manage all your business vehicles
under the one policy

Manage all your business
vehicles under the one policy

Remove the uncertainty

Having one of your company’s vehicles off the road can cause significant disruption to your operations. Motor Fleet Insurance provides a coverage option for your vehicles without having to insure each vehicle individually saving significant time on administration.

Remove the uncertainty

What is Motor Fleet insurance?

If you work in any business that owns a motor vehicle or a group of commercial vehicles, Motor fleet insurance is suitable for you.

Motor fleet insurance can cover all of your motor vehicles against accidental damage and theft. It can also protect you from the financial costs of repairing or replacing another person’s vehicle in an accident where you’re at fault. Generally insurers allow you to choose to insure your vehicles for for an agreed amount, or for the market value of the individual vehicle.

There are several types of motor fleet policies including:

commercial vehicles – suits self-employed and small to medium businesses, such as electricians, real estate agents, landscape suppliers, traders and local delivery carriers and couriers.
fleet vehicles – usually up to 20 vehicles, ideal for larger retail, manufacturing, health and community services.
heavy vehicles – for larger fleets, such as transport and logistics, construction and earthmoving businesses.

Who should consider it?

If your vehicle is damaged in an accident where you’re at fault, having comprehensive cover helps to pay for repairs – or can replace it all together if your vehicle is written off. If your vehicle is stolen, comprehensive motor fleet insurance can pay you the agreed or market value, so you can buy another vehicle. Third party property damage (TPPD) insurance – can cover the costs you may be liable to pay if you are at fault and damage or write off someone else’s vehicle. However, if you only have this cover, there’s no cover for any damage to your own vehicles.

Not all policies are the same. Exclusions, the excess you need to pay and limits of liability can vary greatly depending on your insurer and some industries, such as fuel and dangerous goods transport, require specialised insurance. That’s why our our specialist broking team members get to know your business enabling them to provide considered advice delivering you the best policy for your specific needs.

Touch base with us to learn how we can help you.

HDL, the right partner for you.

Did you know?

56,184

56,184 motor vehicles were stolen in 2016/2017.

(carsafe.com.au, 2017)

$541.3m

$541.3 million was the cost of motor vehicle theft in the financial year 2016/2017.

(carsafe.com.au, 2017)

1/5

1/5 of vehicle owners risk not having the insurance they need because they don’t read their policy document.

(Chubb 2016 Private Company Risk Survey)

What can it cover?

Motor fleet insurance provides you with extensive protection if your vehicle suffers loss or damage. And, unlike some standalone or direct insurer policies, HDL design coverage to automatically include important additional benefits.

The exact cover you can receive depends on the policy that you take out. But to give you an idea, here are some of the benefits a motor fleet insurance policy may include:

Potential benefits
Cover to help repair or replace your vehicle if it’s damaged or stolen.	Cover for the cost of a rental vehicle for up to 14 days, if your vehicle is stolen.
Cover to help you pay for damage you cause to another person’s vehicle.	For financed vehicles, cover for 50% of the difference of the finance gap between the insured value and the vehicle’s contract residual value following a total loss.
A replacement of the same make and model if your new vehicle is written off within three years and has less then 60,000 kilometres.	An automatic 21 days cover on replacement vehicles.
Choice of your own repairer or one from our preferred repairer panel.	Up to $30 million of legal liability cover.
Repair guarantee for materials and workmanship on authorised repairs.	The option to include one excess free windscreen claim per year.
Re-keying and re-coding of vehicle keys if they are stolen.	The option to include hire vehicle cover following an accident. No additional excess except for young or inexperienced drivers if they are named.

Case study

On her way home from work, Sylvia was involved in a minor accident with a SUV, which was her fault. While the other car had a minor scratch, her car had some serious damage.

After pulling over, Sylvia contacted her insurance broker who took some details and arranged for her car to be towed and assessed. Because her policy also contained a rental car inclusion, they helped Sylvia arrange a hire car so that she could get to work while her car was off the road.

An assessor contacted her the next day, letting her know that her car could be fixed and that her insurance would cover the cost. They arranged to have it repaired at her smash repairer of choice. While she was waiting for her car to be repaired, Sylvia had access to the rental car – with the cost also covered by her policy.

Complimentary Review

Securing optimal insurance protection is becoming more challenging.

Having a fresh set of eyes can make a dramatic difference. HDL welcomes the opportunity to evaluate and challenge your current risk and insurance program in a confidential manner that avoids disrupting existing relationships.