"Commercial travelling" exclusion on insurance.
Discussion
JonV8V said:
And if you think 3rd party liability is irrelevant, I don't quite understand why taxis are rated differently, why security lorries are rated differently etc..
Motor insurers aren't covering goods in transit, whether owned by the van owner or a third party, so it's pretty irrelevant. But of course they are covering passengers, hence one of the reasons taxi insurance is pricier than normal cover. Security lorries are used for haulage, carrying other people's stuff for hire & reward, so all my original arguments apply. Multi drop operation. If you think security lorries are high risk because they are carrying thousands of pounds, do you realise motor insurers aren't covering the money!!!
Edited by TwigtheWonderkid on Thursday 18th August 16:32
Edited by TwigtheWonderkid on Thursday 18th August 16:33
TwigtheWonderkid said:
Motor insurers aren't covering goods in transit, whether owned by the van owner or a third party, so it's pretty irrelevant. But of course they are covering passengers, hence one of the reasons taxi insurance is pricier than normal cover.
Security lorries are used for haulage, carrying other people's stuff for hire & reward, so all my original arguments apply. Multi drop operation. If you think security lorries are high risk because they are carrying thousands of pounds, do you realise motor insurers aren't covering the money!!!
They aren't covering the money but they are insuring the vehicle and - because of the nature of the load they carry - these vehicles are a realistic target for hijack and robbery which will almost certainly involve damage/destruction.Security lorries are used for haulage, carrying other people's stuff for hire & reward, so all my original arguments apply. Multi drop operation. If you think security lorries are high risk because they are carrying thousands of pounds, do you realise motor insurers aren't covering the money!!!
Edited by TwigtheWonderkid on Thursday 18th August 16:32
Edited by TwigtheWonderkid on Thursday 18th August 16:33
I don't know if the motor insurance would cover injury/death to the crew or if there is a seperate policy for that.
TwigtheWonderkid said:
BertBert said:
do we have any 'unsolicited door to door sales people' in the UK any more?
Energy companies saying they can save you squillions. Chuggers. And Gyppos, offering to do tarmac your driveway. (I'm sure they are very conscientious about having the right cover).
GoneAnon said:
They aren't covering the money but they are insuring the vehicle and - because of the nature of the load they carry - these vehicles are a realistic target for hijack and robbery which will almost certainly involve damage/destruction.
I don't know if the motor insurance would cover injury/death to the crew or if there is a seperate policy for that.
Unlike the movies, cash in transit robberies tend to occur as the money is being transferred from the business to the vehicle. The vehicles are fairly secure so it's not generally worth attacking the vehicle.I don't know if the motor insurance would cover injury/death to the crew or if there is a seperate policy for that.
Accident Damage eg damage to the insured vehicle is relatively cheap / low risk to an Insurer as it's a known quantity, what concerns insurers is third party claims
The motor insurance will only cover the passengers if they're injured during a road traffic accident.
There will be a separate Employers Liability Policy in place, however there is no longer strict liability for E/L claims so a claim would need to be due to the Employers negligence.
I don't handle cash in transit vehicles as it's a very specialised market, however I would expect it to be relatively low risk for the Insurers as the fleets will be incredibly well run teamed with well trained staff.
dacouch said:
GoneAnon said:
They aren't covering the money but they are insuring the vehicle and - because of the nature of the load they carry - these vehicles are a realistic target for hijack and robbery which will almost certainly involve damage/destruction.
I don't know if the motor insurance would cover injury/death to the crew or if there is a seperate policy for that.
Unlike the movies, cash in transit robberies tend to occur as the money is being transferred from the business to the vehicle. The vehicles are fairly secure so it's not generally worth attacking the vehicle.I don't know if the motor insurance would cover injury/death to the crew or if there is a seperate policy for that.
Accident Damage eg damage to the insured vehicle is relatively cheap / low risk to an Insurer as it's a known quantity, what concerns insurers is third party claims
The motor insurance will only cover the passengers if they're injured during a road traffic accident.
There will be a separate Employers Liability Policy in place, however there is no longer strict liability for E/L claims so a claim would need to be due to the Employers negligence.
I don't handle cash in transit vehicles as it's a very specialised market, however I would expect it to be relatively low risk for the Insurers as the fleets will be incredibly well run teamed with well trained staff.
A lot of myths surrounding motor insurance, and many of them have surfaced on here.
GoneAnon said:
They aren't covering the money but they are insuring the vehicle and - because of the nature of the load they carry - these vehicles are a realistic target for hijack and robbery which will almost certainly involve damage/destruction.
I don't know if the motor insurance would cover injury/death to the crew or if there is a seperate policy for that.
No, motor insurance does not cover injury/death to the crew that would be Personal Accident and/or Employers Liability and maybe workplace pension scheme. I don't know if the motor insurance would cover injury/death to the crew or if there is a seperate policy for that.
When I worked in the motor insurance industry "Commercial Travelling" always meant salesmen going around carrying samples, like the double-glazing salesman who comes to your house with his sample windows and bores you to death for hours until he finally offers you a price that is ridiculous, then calls the office and speaks to his manager and offers you a huge discount that is only valid today, blah, blah, blah!
Delivering goods already ordered was never Commercial Travelling so the OP should be OK.
He just needs to avoid racing and rallying in the van!!!
Gassing Station | Speed, Plod & the Law | Top of Page | What's New | My Stuff