Truck Insurance – Protect Your Business and Fleet

Is truck insurance value for money? Yes. Whether you have one heavy-duty truck or a large fleet of vehicles, trucking insurance secures your assets and enables you to manage risks effectively. Discover how Truck and Heavy Commercial Vehicle insurance can keep your business rolling and protect your fleet.

What is Truck Insurance?

Truck insurance is a specialist category of commercial vehicle insurance that protects commercial fleets and heavy trucks in South Africa. It covers businesses against accident loss, theft, third-party liability claims, and other risks of operating heavy vehicles.

With commercial truck insurance, you can insure a single truck or your entire fleet with one comprehensive policy. Options range from heavy haulage and semi-truck insurance to small fleet truck insurance, so there is coverage to suit the needs of your business.

How Does Truck Insurance Work?

When you purchase a commercial truck insurance policy, you agree to pay a monthly premium in exchange for coverage against specified risks. Depending on the policy, these might be repairs for wrecked trucks, doctors' bills for hurt drivers, or third-party lawsuits.

Most insurance companies offer plans with additional cover, such as cargo cover, roadside assistance, and extended warranty. Regardless of whether the trucks are used in logistics, construction, or farming, there is a package that fits your requirements.

Is Truck Insurance More Expensive Than Car Insurance?

While truck insurance may be more costly due to the size and monetary value of the vehicles, companies often get fleet discounts when they insure multiple trucks under a single policy. This renders commercial truck insurance more affordable than insuring each truck individually.

Is Truck Insurance Tax Deductible in South Africa?

Yes. Under SARS law, commercial vehicle insurance qualifies as a business expense and can be claimed for tax purposes, reducing your taxable income.

What Truck Insurance Covers

Policies may vary from supplier to supplier, but some common covers include:

• Third-party liability against damage to property and bodily harm
• Physical loss or damage of trucks due to accidents, floods, or burglary
• Loss or theft of products
• Theft of fuel
• Windscreen loss or damage, fires, or explosions
• Driver dishonesty or negligence

Comprehensive policies provide wider cover, keeping your business on track even in cases of unforeseen circumstances.