Generally our insurance packages include your commercial motor vehicles providing you insure your static asset risk as well (e.g. Buildings, Contents etc). That said, we are able to broker motor risks without the static risk, subject to the risk profile meeting certain predetermined underwriting criteria
Businesses which have motor vehicle stock (typically motor dealers) or who have customers vehicles in their custody/control are unable to list these vehicles under a normal motor policy as the unregistered vehicles change on a constant basis or the vehicles are owned by the customer. A Motor Traders policy covers these situations including a wide range of other risks, such as the liability and demonstration risk
We are proficient in designing bespoke motor fleet insurance solutions for businesses which own 20 or more motor vehicles. These policies automatically cover vehicles according to vehicle type (e.g. private, commercial, trucks etc), cover type (Comprehensive, Balance of Third Party Fire & Theft or Third Party only) up to preset sums insured. The advantage, in addition to automatic cover, is premium economy based on your risk profile.
Motor Funds (also termed Aggregate Excess policies) cater for clients who have in excess of 20 vehicles and are willing to accept an excess (normally a minimum of R100 000) in return for a reduced motor premium. Insurers only pay accident and theft claims (third party claims do not form part of the excess and are covered 100% from ground-up) once this excess has been exhausted or the amount of a single claim exceeds a predetermined sum insured threshold (normally called the "Stop Loss" limit)
Please contact Chadwicks should you be interested in a quote or more advice on your commercial motor risk, including motor risk management