Commercial Truck Insurance

Commercial van insurance is financial coverage for anyone who uses their van as part of their job or services they offer through their employment. This type of coverage is required by UK law.

Who must have commercial truck insurance?

If you own a van or truck and use it in any means related to your employment, you must carry commercial truck insurance. This includes the following uses of a van.

  •  The truck is used to commute to work.
  • The van is used as a mobile work site for a tradesman.
  • The truck is used by the owner or driver as a courier vehicle.

What type of commercial truk insurance is available?

The minimal insurance covered required by UK law is Third Party insurance.

  • Third Party commercial van insurance is protection that covers the repair costs and medical bills of the other vehicle and its occupants when you are at fault in an accident.
  • Third Party Fire and Theft commercial van insurance is the same as above but also protects your van if it is stolen or is damaged by a fire.
  • Comprehensive commercial van insurance covers all the above plus there is financial protection on your vehicle for repairs and the medical bills you might have if you are involved in an accident.

Is there any additional coverage that can be obtained with the commercial truck insurance? 

The following options are available through most insurance companies, but there is an added price to having them in your policy.

  • Multiple drivers can be covered when the van is not assigned to a single driver.
  • For couriers goods in transit coverage will cover the cost of replacing items stolen, lost or damaged while in transport.
  • Carriage of own goods is protection if your tools or other belongings in the van are stolen, lost and damage through no fault of your own.
  • Windshield coverage that covers the cost of repairs and replacement of the windshield when it is damaged.
  • Overseas coverage so the vehicle is financially protected when it is used in the mainland Europe.
  • RAC Breakdown coverage when the vehicle needs roadside assistance or is in need of a recovery service.

How can I keep the premium cost down with commercial truck insurance?

There are many ways to reduce the cost of commercial van insurance. One of the easiest is to inform the insurance company if you had at least 3 years of no claims for another vehicle like your car. This can be transferred to your new policy.

Another cost savings way is to make sure all drivers of the vehicle are over the age of 25 and have no points on their driving record.

There are many aspects to obtaining the right level of commercial van insurance you need to know. If you are in need of any assistance on this subject, our knowledgeable independent insurance brokers are ready and willing to lend you a helping hand.