Business Interruption Insurance

 

Business Interruption Insurance covers your loss of income whilst your vehicle is not operational as a result of a claim having been accepted under Section 1 Part A of this policy.

OPTIONAL COVER

  • Downtime/Business Interruption is a cover available to GT Driveline Transport Package Policy holders offering the insured significant financial benefits in the event of their vehicle not earning an income whilst off the road being repaired due to an insured event.
  • This cover is available to policies covering 1 to 9 trucks (with a GVM > 5 tonnes) where insured on a comprehensive basis.
  • Downtime/Business Interruption is available on new policies or can be endorsed to or at renewal for existing policies.

How will your customers pay for the following overheads after an accident?

  • Finance repayments on the vehicle
  • Ongoing business expenses. e.g. wages
  • Insurance premium funding payments
  • Workers’ Compensation instalments
  • Family living expenses. e.g. mortgage or rental payments
  • School fees
  • Utility bills
  • Food and essentials
  • Private. e.g. family vehicle loan repayments
  • From 1 to 4 months cover and up to $20,000 per month, per vehicle.
  • Deferment (excess) period – 7 days from the date the vehicle arrives at chosen repairers for completion of repairs.
  • Plant and machinery
  • Pit mining activities
  • Vehicles used for the transportation of refrigerated goods
  • Vehicles working within the confines of airports or providing airside services
  • Vehicles capable of being used on rails or water
  • Buses and coaches
  • Tow trucks
  • Motor trade risks
  • Vehicles on dry hire
  • Underground mining
  • Mobile cranes
  • Forklifts and the like

Cover available 

  • From 1 to 4 months cover and up to $20,000 per month, per vehicle.
  • Deferment (excess) period – 7 days from the date the vehicle arrives at chosen repairers for completion of repairs.

Excluded vehicles

  • Plant and machinery
  • Pit mining activities
  • Vehicles used for the transportation of refrigerated goods
  • Vehicles working within the confines of airports or providing airside services
  • Vehicles capable of being used on rails or water
  • Buses and coaches
  • Tow trucks
  • Motor trade risks
  • Vehicles on dry hire
  • Underground mining
  • Mobile cranes
  • Forklifts and the like

For a Truck Insurance Quote….click here

 

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