Fleet and haulage insurance refers to insurance policies specifically designed for businesses that operate a fleet of vehicles for commercial purposes, such as transportation and haulage companies. These policies provide coverage for risks associated with the operation of multiple vehicles used for transporting goods or passengers.
Fleet insurance typically covers a range of vehicles, including cars, vans, trucks, and other commercial vehicles, all under a single policy. This approach simplifies insurance management for businesses with multiple vehicles, as they can be insured collectively rather than individually. Fleet insurance offers various levels of coverage, including third-party only, third-party fire and theft, and comprehensive coverage, allowing businesses to choose the level of protection that suits their needs.
Haulage insurance specifically caters to businesses involved in the transportation of goods. It covers the risks associated with the transportation process, including damage to goods in transit, theft, accidents, and liability for third-party claims arising from the haulage operations. Haulage insurance policies can also include coverage for legal expenses and breakdown assistance.
Both fleet and haulage insurance policies consider factors such as the number of vehicles in the fleet, the type of vehicles, the nature of the goods being transported, the driving history of the drivers, and other relevant risk factors. The cost of the insurance premium is typically determined based on these factors.
It’s important for businesses in Ireland engaged in fleet and haulage operations to consult with their Insurance Broker to ensure they obtain the appropriate coverage for their specific needs and to ensure compliance with legal requirements.
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