Heavy Vehicle Transport Insurance

Goods in Transit (own vehicles)

Goods in transit (own vehicles) is a simple and inexpensive annual cover for major transit risks and theft of goods carried in any vehicle owned and/or operated by the insured and is not restricted to nominated vehicles.

It is particularly suited to small businesses and farmers with one or more vehicles used to collect or deliver goods or livestock.

Annual premium is calculated on the number of vehicles operated, type of goods/livestock carried and the nominated sum insured.

Features and benefits

• debris removal up to a maximum of $5000
• no disposal or sale of branded goods without consent of the insured
• no need to declare total goods carried.

Latest News

Illegal or unsuitable cladding now a big issue

Why we have laws, regulations and Australian standards? Because some people just do the wrong thing all for the sake of making money. The cladding issue is the subject of 4 Corners program on the ABC.

We are already seeing Insurance policies now placing exclusion endorsements into their policies excluding and claims relating to illegal cladding. We are seeing Governments demanding Audits of all existing buildings above a certain height. There are accusations of Builders taking other short cuts such as on Wiring, Pipes and sprinkler systems. 

The question is, who is to blame? Who will take responsibility?

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Small business in NSW

Right after the NSW Government have reimposed Fire Service Levies, they have at least made an effort for small business. The government has announced it will abolish stamp duty on a number of policies taken out by a small business. This is an important change.

What is a small business? In order to gain the exemptions, the business must be a small business for Capital Gains Tax Purposes for the income year in which the insurance is effected or renewed. A small business for CGT purposes is: “an individual, partnership, company or trust that is carrying on a business, and has an aggregated turnover of less than $2 million.”

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