Before you can take any heavy goods vehicle or lorry on the road, you’re legally required to have insurance. This ensures that third parties, yourself and others are covered. So if you’re looking for an HGV policy, you’re going to need to provide details on the nature of your business, how many drivers and even the size of your fleet.
In the case of a lorry, sometimes sticky situations come up and so it’s always a good idea to keep your insurance providers number on hand. They will be able to easily assist with the type of coverage that you will need. When it comes to insurance, there are three main types which can cover these vehicles as well.
These include the following:
This is usually the minimum and it covers injury and liability to others and damage to third party property. However, for your insurance to be valid, you must obtain the Driver Certificate of Professional Competence.
There is also a policy that covers truck insurance and fires. This form of third party insurance simply covers everything like your regular third party insurance with the addition of damages sustained during theft and fire.
Comprehensive – provides drives with a more in-depth coverage plan. It covers everything that the third party does including both theft and fire as well as the following:
- Medical expenses
- Loss or lorry damage
- Accidental damages
- Personal effects
- Windscreen coverage
Additionally, depending on the number of HGV’s owned, there is also fleet insurance. In some cases, this form of insurance is cheaper and convenient instead of individually covering them. However, each insurer is differing and you’ll need to find out about the different criteria that they have.
If you’re looking for something different, there is also commercial insurance. Most HGV drivers don’t use their vehicles commercially and specially designed HGV insurance is designed to target these customers. There are also special policies for drivers that are constantly on the road for long distances.
Haulage insurance tends to encompass courier work as well. However, insurance can’t be taken out for dealing with hazardous locations and goods. So no matter what type of items you transfer, you’ll be doing so at your own risk. However, there are a few firms here and there that cover hazardous material but most won’t.
So before you take a policy out, be sure that it covers everything that you’ll likely face. If ever you’re doubtful of things, contact your provider for more information. Policies tend to vary from one provider to another but they generally cover a common set of standardized things along with additional protection.
As we conclude, we have just looked at truck and lorry insurance. When you’re considering your options, look out for public liability coverage, legal cover, income protection, employers’ liability, goods in transit, breakdown cover, uninsured loss, personal loss and sickness coverage, commercial property cover, and other forms of coverage that suit your needs. Remember, if you go step out on the road and you’re not covered you can run into serious problems.