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Why Purchase Truck Insurance?
The purchase of truck insurance is a legal requirement to operate a business in the UK. Without it you or your business would be open to claims that if excessive could close down your profitable operation. Many types of accident can happen even when being extra careful that is why they care called accidents, the insurance can also cover goods in transit, personal liability and los of earnings. Depending on the type of business you may also which to cover tools, machinery, cargo and goods transported or held in storage. Quotes can easily be tailored to the owner drivers indivdual needs, providng the necessary cover to ensure you are not at finicial risk as a result of an accident or fire.
Having your trucking business covered with adequate protection can let you get on with running your business without concerns for possible future claims against you or one if you're employed drivers. Such claims resulting from an accident could lead even if not your fault to crippling expensive legal bills which if you can not pay will most likey result in the losing in any court case and possibly the downfall of your lucrative haulage business. Having truck insurance in place will ensure that you can continue your haulage operation whilst you have third part claims pending against your commercial or private haulage business.
Ways to Reduce Policy Costs
Insurance costs are based on how an uderwriter determines their risk of you or your business making claims aginst them, if you can show that you have taken precauations to reduce the likehood of making some types of claims then this will be reflected directly in reduced insurance premiums for your trucker business. Below we have listed some of the common approaches that can lead to reduced costs and at the same time are easily eimplemented.
- Driver Background Checks : Drivers that have a history of claims will increase your insurance costs as they will obvoisoly be seen as an added risk, also drivers under 25 will incurr a higher premium based on age and accident statistics, so whilst the young driver may be one of the better drivers in the eyes of the underwriter he/she are seen as extra risk. Choosing your drivers based on the impact on your insurance costs would be a wise choice.
- Reduce Administartion costs: Simply arranng one annual payment will lead towrds less overheads for everyone in the insurance loop , the etra savibng aotr part of will be passed onto you as a loerw premoiium and a carrot to keep you paying annualy when renew time falls.
- Fleet Insurance : Often overlooked, but if you have more than one business truck it will pay to consider taking out fleet cover instraed of raditional indiviudal policies.
- Truck Secuity: Making your Truck or fleet of trucks secure and safe will knock down the premium price ever further, safe secure parking with additional safety devices ( insurance industy approved ) such as immobilersr, GPS tracking devices and black boxes will all lead to lower annual or montly insurance premiums.
Your policy will cater to your individual requirements, below we have listed the most common of cover typically found in UK truck insurance policies.
Driver CPC: the basics
Driver CPC stands for 'Certificate of Professional Competence'. This is to ensure that bus, coach and lorry drivers are continually kept abreast UK safety on and off the road and carries on throughout your driving career.
Quick Reference to types of Haulage Vehicles
Articulated Lorries (Artics) are the main vehicle category to transport goods by road. This combines a tractor unit with a trailer using a turn-table device. Artics have different types of trailers some of the most common are listed below:
- Flatbed trailer - Most versatile and can be used for almost any kind of cargo one disadvantage is that the goods need to be protected from the elements and theft.
- Tilt trailer - Similar to the flat bed trailer, but with a removable canopy.
- Curtainsider - Most common vehicle for road haulage and comes with a rigid roof and rear doors. The sides are PVC curtains that can be drawn back for easy loading and unloading.
- Box trailer - Boxed rigid unit, with loading through back doors. A must for long haulage or for valuable goods.
- Road train - a rigid vehicle at the front, which pulls a trailer behind it.
- Swap-body system -Not common and have designed to accommodate standard cargo containers.
- Low-loaders - Can be used for transporting heavy machinery and other outsize goods. Set low to the ground for easy loading.
SOME TECHNICAL TERMS EXPLAINED
GROSS VEHICLE WEIGHT
The total weight transmitted to the road by all the wheels on one axle.
The weight of a vehicle and its load.
The weight of a vehicle, a trailer and its load. PLATED WEIGHT
Either the design weight limit given on a manufacturer’s plate or the legal weight limit given on the Department’s plate
Any vehicle drawn by a motor vehicle.
A trailer pulled by a rigid vehicle.
A trailer forming part of an articulated vehicle.
A tractor unit with a semi-trailer attached where part of the load is borne by the drawing vehicle.