Heavy Vehicle Transport Insurance

Good drivers deserve good premiums

Some insurers offer you the choice of insuring without Driver Declaration conditions. Others will give a substantial discount, if you take up their Driver Declaration option. They can even assist you in the selection process for your drivers, which may reduce your chances of an accident. Certainly our experience has shown us that we are able to obtain much lower premiums to customers who choose this option.
Even if you take this option, you should still be allowed for any correctly licenced driver you wish, to drive your truck but they may ask you to share more of the risk with them by paying a $10,000 excess if an Unapproved driver has an accident.
Also, if you forget to declare a driver and they have an accident, they should consider that if they would have approved the driver, they would waive the Unapproved Driver Excess.
If the accident would have occurred regardless of who was driving, they should waive the Unapproved Driver Excess anyway.
This very fair and flexible approach means you can make premium savings from Driver Declarations with complete peace of mind. 

Latest News

D&O premium pool ‘must treble’ to return to profitability

A new report – called "Show Me The Money!" by insurer XL Catlin and law firm Wotton + Kearney – is the second in a series of three white papers on securities class actions and their impact on the Directors & Officers Liability (D&O) market. The main conclusion is that Directors’ and officers’ (D&O) insurance premiums are under-priced significantly and need to rise strongly to restore profitability. The main risk areas are those exposed to securities class actions, 

It says Directors & Officer's Side A, Side B and Side C cover has been chronically underpriced since at least 2011, while the frequency of class actions is increasing as more plaintiff lawyers and litigation funders enter the space.

The analysis suggests last year’s overall premium pool of about $210 million would need to increase by at least three times to establish a profitable market, if it is assumed all other factors stay unchanged.

“Recent market developments would indicate most D&O insurers are now endeavouring to restore some semblance of profitability to their portfolios after years of market losses,” the report says.

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75% of Cyclone Debbie claims settled

In the 6 months since Cyclone Debbie devastated Queensland and parts of northern New South Wales:

• more than 31,000 homes and business have been repaired or received settlements from their insurance company

• more than 20,000 families have had possessions replaced

• more than 4,500 motor vehicles have been repaired or new vehicles provided

• hundreds of local builders and trades have been working on properties to repair the damage and destruction caused by the cyclone

• over $5 million has been paid EACH DAY to assist local communities, residents and businesses.

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