HGV Insurance Brokers
Insurance For Hgv Drivers, Lorry Drivers, Truck Drivers, Cover All Types of Heavy Goods Vehicles, From 7.5 Tonne Upto 44 Tonne + & Those Who Hold A Valid Operators Licence
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Specialist HGV / Lorry insurance brokers for drivers and companies with the goods (o) operators licence, which is a legal requirement for any vehicle above 7.5 tonnes in weight.
Many people who drive Heavy Goods Vehicles (HGV), otherwise known as lorries, are always very busy. However, no matter how busy you are, the law mandates that you get a form of HGV insurance to cover your vehicle.
Considering the work, you do, scouting around to compare cheap lorry insurance is probably not a wise call. Not to worry, we have you covered! Mymoneycomparison is the best stop for you to get cheap HGV insurance quotes for your business.
Even if your lorry is currently off-road, the law requires you to get a form of truck insurance. This is why it is advisable to get cheap HGV insurance quotes for your van so you can compare and get very good deals. The only exception to this is if you have registered it as off the road with a Statutory Off Road Notice (SORN).
What Your HGV Insurance Policy Could Include:
Flexible Monthly Payments
24hr Claims Helpline
Accident Support / Replacement Vehicle
No Claims Discount / Protected NCB
Hire & Reward Cover
What is HGV Insurance?
HGV, also referred to as lorry or haulage insurance, is a type of insurance policy that has been specifically designed for vehicles that are 7.5 ton or LGV vehicle up to 44 ton HGV’s or you could go up to the super heavy haulage of 200 tons +. This insurance covers the cab, trailer, goods being transported, along driver.
Insurers offer a wide variety of HGV insurance, with each policy slightly different in what is covered or not. The type of coverage needed will depend on your company’s unique needs. This is the reason it is imperative to do the research and shop around for a policy that is the best fit.
HGV Insurance FAQs
What is HGV insurance?
HGV insurance refers to insurance coverage specifically designed for Heavy Goods Vehicles (HGVs), also known as commercial trucks or lorries. HGVs are used for transporting goods and are typically larger and heavier than regular vehicles. Due to their size and usage, HGVs are subject to specific risks and liabilities requiring specialised insurance cover.
HGV insurance protects against various risks associated with owning and operating these vehicles. It typically covers the following aspects:
- Third-Party Liability: This coverage is mandatory and protects against claims from third parties for bodily injury or property damage caused by the HGV. It ensures that if you are involved in an accident and deemed responsible, the insurance will cover the costs of any claims made against you.
- Comprehensive Coverage: This is optional but highly recommended. It covers damage to your own HGV caused by accidents, theft, fire, vandalism, or other covered perils. It provides financial compensation for repairs or replacement of the vehicle.
- Goods in Transit: This coverage protects the goods transported by the HGV. It covers the cargo’s loss, theft, or damage during transit. This is particularly important for HGV owners responsible for valuable or perishable goods.
- Employer’s Liability: If you have employees who operate your HGVs, this coverage protects you against employee claims for work-related injuries or illnesses. It ensures that you can meet any legal obligations and compensate your employees in case of accidents or injuries.
- Breakdown Assistance: Many HGV insurance policies include breakdown assistance or recovery services. If your vehicle breaks down during transit, you can access support and assistance to get it back on the road.
It’s important to note that specific coverage and policy details may vary among insurance providers. The cost of HGV insurance depends on factors such as the type of vehicle, its usage, the driver’s experience and record, the value of goods transported, and the desired level of coverage.
If you own or operate an HGV, it’s crucial to have appropriate insurance coverage to protect yourself, your vehicle, and your business from potential financial losses and legal liabilities in the event of accidents, damages, or other unforeseen circumstances.
What do HGV policies include?
HGV insurance policies typically include a range of coverage options and features tailored to the specific needs of heavy goods vehicle owners and operators. While the particular details may vary among insurance providers, here are some typical inclusions found in HGV insurance policies:
- Third-Party Liability: This coverage is a legal requirement and protects you against claims from third parties for personal injury or property damage caused by your HGV. It covers legal costs and compensation if you are held responsible for an accident.
- Comprehensive Coverage: This is optional but highly recommended. It covers damage to your HGV caused by accidents, theft, fire, vandalism, or other covered perils. It typically includes repairs or replacement costs for your vehicle.
- Goods in Transit: This coverage protects the goods being transported by your HGV. It covers the cargo’s loss, theft, or damage during transit. This is particularly important if you are responsible for valuable or perishable goods.
- Employers’ Liability: If you have employees operating your HGVs, this coverage protects you against claims made by employees for work-related injuries or illnesses. It ensures that you can meet any legal obligations and compensate your employees in case of accidents or injuries.
- Breakdown Assistance: Many HGV insurance policies include breakdown assistance or recovery services. This provides support and assistance in case your vehicle breaks down during transit.
- Legal Expenses: Some policies may include coverage for legal expenses associated with disputes, such as pursuing or defending claims related to your HGV.
- Personal Accident Coverage: This coverage provides financial compensation for injury or death to the driver or other named individuals. It helps cover medical expenses, loss of income, or additional related costs.
It’s essential to review and understand an HGV insurance policy’s specific terms and conditions and any exclusions or limitations that may apply. Coverage options and features can vary, so it’s advisable to compare multiple insurance quotes and consult with insurance professionals to ensure you have adequate coverage for your HGV and business needs.
HGV Insurance Requirements
There are some necessities to check before you apply for HGV insurance. First, you will need to make sure each driver you employ has the right driving qualifications. Haulage operators must have the right license in order to drive a truck that is carrying goods for a company.
You will need to make sure to have this license before you can find the right insurance policy and be accepted by the insurer.
More details about getting an operators license can be found here: https://www.gov.uk/being-a-goods-vehicle-operator
Types of Haulage Insurance
As you research, you will find many types of haulage insurance available. However, you will find there are several main categories for HGV coverage, including:
Third-Party Only HGV Insurance: this is the minimum amount of insurance required by law. This covers the driver in the UK for only liabilities, including injury to others & passengers in the truck, liability when towing a caravan or trailer, and damage to third-party property. For Third-Party Only lorry insurance, each of your drivers must have the Driver Certificate of Professional Competence (CPC).
Third-Party, Fire & Theft HGV Insurance: this type of insurance covers everything listed above and includes fire damage if a lorry is stolen and damage to the truck caused by theft.
Comprehensive HGV Insurance: this is a comprehensive policy that provides the best level of coverage possible. This includes everything above, including loss or damage to the truck, damage and loss of personal effects, windscreen coverage, and accidental damage. This policy also includes medical expenses; however, read through the policy to see what is covered.
Haulage Fleet Insurance: This policy covers an entire fleet of HGVs, known as Haulage fleet insurance which covers 2+ HGVs in a fleet; this can be a very cost-effective option over the previous types of insurance listed above. Again, insurers will have their own requirements, what is covered or not in each of their policies. One more note – there can be a cap on the number of HGVs the insurance covers in a fleet, which can include up to hundreds of HGVs and is dependent on the insurer at the time.
Telematics HGV Insurance: Some HGV insurance policies require installing a black box or using a mobile phone app in each truck. These methods are used to collect driving data, which is then used to calculate premiums. The more unsafe drivers are, the more expensive insurance becomes. And just the opposite, if drivers are safe and obey driving rules, the premium comes down. This could be a good option for you, making this type of coverage more affordable if each of your drivers is safe behind the wheel.
Insurance for Carriage of ADR Hazardous Goods: It is important to note that not all insurers provide insurance for hauling hazardous goods. So, when looking for the right insurer, read through the policy (every part) to ensure you understand what is covered.
Another good idea is to speak with an insurance agent to ask questions and learn if other requirements need to be made apparent.
You will need the right insurance if you want to be insured when carrying hazardous materials and goods.
Do I need Lorry insurance?
No matter how many trucks you operate, whether you’re an owner-driver or a fleet operator, you’re going to need truck insurance; not just because it’s a legal requirement, but because your trucks represent a very significant investment that requires protection. Comprehensive cover provides protection against not just injury or damage caused by your truck, but also loss or damage to the truck itself.
How much does HGV insurance cost?
HGV insurance can be a substantial sum of money. Exactly how much each operator has to pay varies from insurer to insurer and depends on a variety of factors. These may include:
- Whether any of your trucks are of exceptional value
- Where your trucks are driven and whether they go abroad
- The nature of your business activities and whether you ever visit hazardous sites or carry hazardous loads
- The profile of your drivers in terms of age and experience, and accident and conviction history
- Whether you have telematics devices or camera systems deployed actively to monitor and improve driving style and behaviour
A haulier running up to five vehicles will usually see their trucks rated individually. Above that number of trucks, policies tend to be fleet-rated, whereby the premium depends significantly on past claims experience across your HGV fleet.
What vehicles need an operators licence?
In the UK and many countries, certain types of vehicles require an operator’s license or a specific category of license to operate legally. The specific requirements can vary depending on the type of vehicles you drive; any vehicle over 7.5 tonnes in gross weight and isn’t a breakdown or recovery vehicle requires an operator licence by law. Here are some common examples of vehicles that typically require an operator’s license:
- Heavy Goods Vehicles (HGVs) or Lorries: Large commercial trucks transporting goods above a certain weight threshold often require a specialised license. The weight limit determining the need for an operator’s license may vary between countries.
- Public Service Vehicles (PSVs): Vehicles used for passenger transportation services, such as buses, coaches, minibuses, and taxis, often require an operator’s license. The specific requirements and licensing categories can vary depending on the number of passengers the vehicle can carry.
- Haulage or Transport Vehicles: Vehicles used for transporting goods for hire or reward may require an operator’s license. This can include trucks, vans, or other vehicles used in the logistics and transport industry.
- Passenger Carrying Vehicles (PCVs): Vehicles used for transporting passengers, such as buses, coaches, and minibuses, may require a specific operator’s license, depending on their seating capacity.
- Forklifts and Industrial Vehicles: Certain industrial vehicles, such as forklifts, cranes, or other specialised equipment used in construction, manufacturing, or warehouse operations, may require an operator’s license or certification.
- Mobile Construction or Agricultural Machinery: Large machinery used in construction sites, agricultural fields, or other industries, such as excavators, bulldozers, tractors, or combine harvesters, may require an operator’s license or specific training.
It is advisable to consult with the DVLA licensing agencies in the UK to determine the exact licensing requirements for operating specific types of vehicles.
How to Save Money on HGV Insurance
As a startup, you may be looking to save as much as possible on HGV insurance. That is understandable, so the temptation is to go with an insurance policy that is priced at a low cost. This type of coverage, while cheap, may not offer all the protection you need for the business. Instead, consider insurance a great investment for your business.
Other ways to save money on HGV insurance include:
- All drivers must have the required experience, along with a safe driving record.
- All newly passed truck drivers must have training about the job
- Install cameras that work to determine who is at fault in an accident
- Fitting the trucks with security devices, which make them more secure against theft
- Have a safe location for parking trucks overnight
- Some insurers offer flexible payment options, while others allow for annual or monthly premiums; an annual is much more affordable than monthly payments
- Build up a great no-claims bonus
Conducting research about the types of coverage your business needs, and shopping around can also help save money on this type of insurance policy.
Along with finding the policy, you can also save money by bartering with the insurer. This way you have a better chance of making sure to choose the right type of insurance as well as one that saves you money.
The most important thing for your startup is to get the right type of insurance and make sure you follow all driving rules, as well as in compliance with the insurer’s rules. HGV insurance is a business investment you cannot afford to skimp on. Choose the best policy you can to protect your business.
How long does an operators Licence application take?
A typical application can take up to 16 weeks to process, depending on the circumstances. Applications relating to new, novel or ridesharing services that require further information to determine the suitability of the application can take significantly longer to process.
What is the difference between operator and driver?
What is the Difference Between a Company Truck Driver and an Owner-Operator? … A company truck driver operates a company-owned truck on behalf of a trucking company and may be paid a salary. An owner-operator drives a truck that they lease or own, and I work independently or accept contract jobs.
Types of operators licences?
There are a variety of O licence types that could be suitable for your needs.
- Standard International Licence:
This allows you to carry your own goods, and goods for other people for hire or reward, both in the UK and on international journeys. It requires that you and your Transport Manager must each satisfy the requirement of good repute and professional competence.
- Standard National Licence:
This allows you to carry your own goods on your own account, or other people’s goods for hire or reward, in the UK and to carry your OWN goods on your own account abroad.
It requires that you and your Transport Manager must each satisfy the requirement of good repute and professional competence.
- Restricted Licence: This only allows you to carry your own goods on your own account within the UK and the EU. You do not have to satisfy the requirement of professional competence.
Examples of using a restricted license are: If you produce your own products and deliver them yourself or if you use the vehicle to transport tools or equipment to and from a job, e.g. a scaffolder or builder.
Operators licence exemptions
While the specific exemptions from requiring an operator’s license can vary, here are some common scenarios where certain vehicles may be exempt:
- Private Use: Vehicles used strictly for personal or private purposes, such as personal cars, motorcycles, or recreational vehicles, do not require an operator’s license specific to that vehicle type. However, a regular driver’s license is typically required for operating such vehicles.
- Light Commercial Vehicles: In some cases, vehicles below a certain weight threshold, such as vans or small trucks, may be exempt from requiring an operator’s license. The weight limit can vary between countries or regions.
- Agricultural and Forestry Vehicles: Vehicles primarily used for agricultural or forestry purposes, such as tractors, combine harvesters, or forestry machinery, may be exempt from an operator’s license requirement when used within specific parameters and limited to off-road or private property use.
- Emergency and Military Vehicles: Vehicles used by emergency services, such as ambulances, fire trucks, or police cars, are typically exempt from requiring a separate operator’s license. Similarly, military vehicles operated by the armed forces are usually exempt from civilian licensing requirements.
- Special Purpose Vehicles: Certain specialised vehicles that are not used on public roads or have limited access, such as construction machinery, industrial forklifts, or off-road vehicles, may be exempt from requiring an operator’s license. However, specific training or certification may still be required to operate them safely.
It is important to note that the exemptions mentioned above are general examples and may vary depending on the laws and regulations of each country or jurisdiction. It is always recommended to consult the local transportation authorities or licensing agencies to determine the specific licensing requirements and exemptions in your area for operating different types of vehicles.
What are the different types of HGV / LGV's
Heavy Goods Vehicles (HGVs) or Large Goods Vehicles (LGVs) are terms used in the European Union and the United Kingdom to classify trucks with a gross combination mass (GCM) of over 3,500 kilograms. Here are some of the common types:
- Category C1: A vehicle with a MAM (Maximum Authorised Mass) weight between 3,500 and 7,500 kg. This category could also include a trailer weighing up to 750 kg.
- Category C1+E: The same vehicles as category C1, but with a trailer over 750 kg. However, the total MAM cannot exceed 12,000 kg.
- Category C: Also known as Class 2. This category covers vehicles over 3,500 kg (with a trailer up to 750 kg). These are typically rigid-body vehicles, meaning all parts are permanently fixed and do not bend.
- Category C+E: Also known as Class 1. These are larger vehicles over 3,500 kg with a trailer of over 750 kg. These are usually articulated lorries (trucks) with a separate cab and trailer or drawbar vehicles, which are similar, but the trailer is attached via a drawbar instead of a fifth-wheel coupling.
- Special Types Vehicles: These are vehicles that are exempt from certain regulations because they are used to carry abnormal loads or are not capable of carrying loads.
The exact definitions and categories can vary slightly by country, and other factors, such as the driver’s age and physical health, can also affect which categories a person is allowed to drive. Always check the specific requirements in your own country.
What the difference between LGV & HGV?
HGV stands for Heavy Goods Vehicle and LGV stands for Large Goods Vehicle. They both refer to the same type of vehicle. I.e. vehicles that are more than 3.5 tonnes. Such vehicles include trucks and lorries.
What is CPC and do I need I for my HGV licence?
CPC stands for Certificate of Professional Competence. If you wish to operate commercial vehicles above 3.5 tonnes (i.e. those in the HGV/LGV category), you will need to obtain the CPC Qualification. The assessments for this include: Theory test (same test as HGV), Driver CPC case study test, Driving ability test (same test as HGV) and Driver CPC demonstration test.
What is a HGV Insurance policy?
Our HGV (Heavy Goods Vehicle) insurance covers vehicles with a GVW (Gross Vehicle Weight) of over 5 Tonne up to 60 Tonnes. Different cover levels will provide you with a fully Comprehensive cover down to Third Party Only.
Do you offer cover for Lorries carrying hazardous goods?
In general terms vehicles that carry hazardous goods are not acceptable. However, we are prepared to consider risks that involve the carriage of low hazardous goods.
What is covered by an HGV and Truck Insurance policy?
- The loss of, or damage to, the insured HGV or truck by fire, lightning, explosion, theft or attempted theft
- Trailers owned or hired by you
- Accidental damage caused to your vehicle and trailer
- Contribution to replace the lock on your HGV or truck
- Window and windscreen damage
- Foreign use
We can also provide breakdown cover, so you’ll receive roadside assistance if you get stranded. Sometimes this cover isn’t included as standard, so make sure you speak to us so we can arrange it for you.
We can also offer protection for the goods you’re carrying, so if anything happens that results in you not being able to deliver them on time, or on the date, you intended to, you’ll be covered for:
- The loss of, or damage to, the goods
- Any legal costs you may incur as a result of losing or damaging the goods
Public Liability Insurance and Employers’ Liability Insurance policies are also available to help cover the cost of compensation and any legal fees, in the event of a claim made against your business by a member of the public or an employee.
You can also discuss Business Equipment Insurance with us, as we know just how important the tools of your trade are to keeping your business running smoothly. This cover offers protection against theft and malicious or accidental damage, giving you that extra peace of mind.
Who needs a goods vehicle operator’s licence?
**Take note: It is an offence to operate a goods vehicle without a valid licence if one is required. You could be liable to prosecution and your vehicle could be impounded.
You will need a goods vehicle operators licence if you use a goods vehicle of over3.5 tonnes gross plated weight or (where there is no plated weight) an unladen weight of more than 1,525kg to transport goods for hire or reward or in connection with a trade or business. (In this instance ‘goods’ means goods or burden of any description). For a vehicle and trailer combination, generally, you will need a goods vehicle operators licence if the gross plated weights or unladen weight of the vehicle and trailer combined exceed the limits stated above for a single-vehicle.
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