Commercial Motor Insurance
for Livestock & Property Agents

Comprehensive commercial motor insurance may cover accidental loss or damage to an insured business vehicle.

The amount payable and method of settlement depend on the policy, insured value and circumstances of the loss. Depending on the insurer and vehicle, cover may be arranged on an agreed value or market value basis.

Depending on the cover selected, insurance may respond where an insured commercial vehicle is stolen or damaged by an insured fire event.

More limited fire-and-theft options may also be available from some insurers.

Cover may respond where the insured becomes legally liable for accidental damage arising from the use of the vehicle to another person's vehicle or property.

This is separate from compensation for bodily injury dealt with through compulsory third-party or other statutory motor arrangements.

Depending on the policy, cover may include certain costs associated with protecting, recovering or towing an insured vehicle following an insured accident or theft.

Some policies also include hire or replacement vehicle benefits following certain insured events, although the events covered, period available and limits vary between insurers.

Bullbars, canopies, signwriting, communication equipment and other accessories or modifications can affect the value of a vehicle and may need to be disclosed or specifically insured.

Tools, stock, livestock, customers' goods or other property carried in the vehicle should not automatically be assumed to be covered by the motor policy.

Where the business begins operating heavier vehicles, larger fleets or transporting goods for others, a different fleet or transport insurance arrangement may also need to be considered.