A GIO Commercial Motor Vehicle Insurance policy is designed to get your business vehicles back on the road as quickly as possible, We insure trucks up to 5 tonne carrying capacity and, for certain occupations, we also offer insurance for trucks up to 10 tonne carrying capacity, trailers greater than 2 tonne carrying capacity and some mobile plant and earthmoving equipment.
Our GIO Commercial Motor Vehicle Insurance policy offers three different types of cover to insure your business vehicles:
Legal Liability; and
Legal Liability, Fire and Theft.
Comprehensive insurance covers:
theft, loss or damage to your vehicle caused by an insured event;
your legal liability for damage caused to another person’s vehicle or property and legal costs up to $30 million;
new vehicle replacement after total loss of certain vehicles for events occurring within two years of the date of the vehicle’s original registration;
use of a hire vehicle, for up to 30 days or a specified dollar limit, after your vehicle is stolen and either not found or if found but not driveable; and
lease payout – we will pay the difference (up to a specified amount) when the amount owed under a lease or a hire purchase agreement is greater than the market value of the vehicle if it was a total loss.
Legal Liability insurance covers:
your legal liability for damage caused to another person’s vehicle or property and legal costs up to $30 million; and
damage caused by uninsured drivers up to the lesser of $5,000 or the market value of your vehicle.
Legal Liability, Fire and Theft insurance covers:
In addition to Legal Liability insurance, cover for your vehicle against fire and theft.