HGV Insurance: what you need to know
If you are a heavy goods vehicle driver, you will understand the importance of getting the right insurance at a good price. The term HGV covers a multitude of trucks with a range of capabilities doing a multitude of different jobs, so it’s important that the HGV insurance policy you choose will cover you adequately. Here we explain everything you need to consider.
What is HGV insurance?
For insurance purposes, companies regard any vehicle weighing over 3.5 tonnes as a HGV. Anything smaller than this that is being used commercially is generally considered a van. Cover can be provided, either third party or comprehensively for one vehicle or an entire fleet, depending on the needs of the business.
What does your business do?
The main factor in determining the kind of HGV insurance you will require is the business needs of your company. If you are running a haulage company, you will need insurance to protect the goods you are transporting as well as the vehicle itself. If you are employing a number of drivers and office staff to support the running of the company, employer’s liability insurance is crucial to safeguard the interests of all concerned. In addition, most insurance providers will offer public liability cover to protect you in the event of a member of the public being injured or having their property or goods damaged.
As a HGV driver, you can’t earn if your vehicle is off the road. This is why roadside assistance is always something you should consider adding to your HGV insurance policy so that you can get up and running again as quickly as possible in the event of a breakdown.