Fleet insurance should reflect how the vehicles are actually used

A business fleet can range from a small group of executive vehicles to mixed commercial fleets with trucks, service vehicles, utes and specialist vehicles. Insurers assess vehicle type, use, garaging, driver profile, claims experience and geographic exposure when considering terms.

Vehicles commonly included

• Passenger and executive vehicles
• Utes and light commercial vehicles
• Vans and service vehicles
• Trucks and rigid commercial vehicles
• Specialist vehicles
• Higher-value and prestige vehicles
• Mixed fleets across multiple entities

Comprehensive fleet cover

Comprehensive motor policies can cover accidental loss or damage to insured vehicles and third-party property damage, subject to the policy wording, agreed or market value basis, deductibles and exclusions.

Prestige and higher-value vehicles

Some fleets include prestige, performance or higher-value vehicles that sit outside normal underwriting appetite. These risks may need specialist markets, higher deductibles, agreed-value discussions, security requirements or different driver criteria.

Claims history and fleet performance

Insurers commonly review several years of claims history, including claim frequency, severity and the causes of losses. A clear fleet schedule and accurate claims data can help insurers distinguish isolated losses from broader fleet-management issues.

Driver and usage information

Driver age, licence history, vehicle allocation, private use, business use, radius of operation and overnight garaging can all affect terms. Heavy vehicles may also require additional information about routes, loads and operating patterns.

Accessories, tools and equipment

Tools, removable toolboxes, fitted equipment and other accessories may not automatically be covered in the same way as the vehicle itself. The policy should be checked to determine whether permanently fitted and removable property needs separate cover.

Multiple entities and fleet ownership

Businesses sometimes operate vehicles through separate subsidiaries, property entities or operating companies. The insured entities, ownership structure and vehicle interests should be clearly identified so the schedule reflects the actual fleet structure.

Information insurers commonly request

• Vehicle schedule with year, make, model and value
• Vehicle use and garaging
• Driver age profile and licence requirements
• Claims history
• Annual kilometres or radius of operation where relevant
• Heavy vehicle or interstate operations
• Security and immobiliser information for higher-value vehicles
• Any tools, accessories or specialist equipment requiring cover

Fleet risk review

We compare insurer terms, deductibles, valuation basis, driver restrictions, windscreen cover, hire-car provisions and other material policy features. All cover remains subject to the policy wording, schedule, limits, deductibles, conditions and exclusions.