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  • Writer's pictureReuben Bergola

Commercial Auto Insurance: Why Your Auto Business Needs One

If you own a business involving automobiles, you would need insurance coverage. Commercial motor insurance is something you should consider. When you have this insurance, it will provide coverage for all your motorised vehicles and protect your business from any damage your vehicles may cause.

Why Do You Need a Commercial Motor Insurance Policy?

If your business involves cars and trucks, you need to get commercial motor insurance. This type of insurance can give you benefits that allow you to pay for damages caused by your vehicles.

It will also be helpful for your business, especially if you own a courier business or if you have a fleet of trucks that you transport your clients with. With this type of insurance, you can protect the cargo being transported.

Aside from giving you protection for damages, commercial motor insurance can provide you with many other benefits. One of which would allow you to claim the loss of income if your vehicle is not in drivable condition. Because of this, you will not be losing money anytime soon, as you can use your other vehicles to fill in the vacancy.

Another benefit you can get from commercial motor insurance is that it offers you assistance for emergency repairs. It also gives you roadside assistance, towing services, and vehicle recovery. You can also get help for the recovery of your vehicle from theft.

In addition, you will get protection for employees of your business. You would be protected from injury that may occur because of accidents in company vehicles. You will also be protected from personal liability if your employee's actions result in damage to somebody else.

Commercial Car Insurance VS Personal Car Insurance in Australia

Some automobile business owners might think they are already secured because they have personal car insurance. Commercial motor and personal motor insurance might be the same in terms of their coverage, but they are two different policies. If you are planning to get this insurance, you should understand the difference between the two so you will be sure to get the best one for your business.

While an individual's car insurance generally covers their vehicle, commercial car insurance covers the automobile and its operator. This insurance would then provide coverage in case of loss or damage to the automobile and its operator involved in a vehicular accident. Generally, insurance companies would offer the operator a blanket policy, which will cover them throughout the year.

How to Choose the Right Commercial Car Insurance

There are many commercial car insurance providers, and it is guaranteed that they offer different packages. You can choose the company that suits your needs, but it is best to know your options first. You can start by asking yourself some questions.

  • Do you need the insurance company to be reputable?

  • What are the coverages that you are willing to get?

  • Which area would you like the insurance company to cover?

  • Will you require any add-on packages with your policy?


Getting commercial car insurance will always be a good idea if you own a business that deals with automobiles. It would provide coverage for you, your vehicles and your clients if any damages were caused by your vehicles. Keep in mind that it is better to be safe and have such insurance than to regret not getting one when you suffer damages on the road. Just note that there are different types of commercial car insurance policies that you can choose from. All you need is to find one that would suit your business. To find the right one, make sure to compare all the available policies.

If you are looking for the best business insurance at Gold Coast for your needs, we can help. New Wave Insurance works closely with our clients until we find the ideal policy that suits their needs best. We also offer a free 15-minute business insurance consultation. Book now to check the right policies from several insurance providers.

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