What Is Commercial Motor/Fleet Insurance?
Business vehicles often play an important role in your employees day to day, dollar productive activities. Motor Fleet insurance can cover your company cars from theft and damage and depending on cover, potentially providing legal liability, repairs, towing and vehicle hire or replacement.
If your company vehicles are an important asset to your business, it is paramount they are adequately covered to reduce the impact of unforeseen events.
Cover is available nationwide for businesses of any size.
Claim Example
The purchaser issued proceedings in VCAT against the vendor and our agent insured. The main allegations against the Insured is that they allegedly represented to the purchaser that the auction was not conducted on a GST exclusive nature and the purchaser was led to believe that he did not have to pay an additional sum of $48,000.
The claim settled out of court for $48,000. The Insured’s contribution was $30,000. The legal costs incurred were $10,000. Both the legal costs and the insured’s contribution were covered by the policy.