It’s a legal requirement that you have the appropriate insurance if you are looking to take your Horsebox (HGV) on any road in the UK. Insurance offers something that will not only offer protection to you, but all other drivers and third parties. Even if you don’t intend to drive it, your lorry, by law needs to be insured, it pays to compare costs over multiple providers by clicking here.
Whether you are an owner-operator looking to insure just one Horsebox, or you are a fleet operator looking to cover all your lorries, these basic principles will still apply. Minibus insurance does not differ in this respect than covering vans, cars, or any other type of vehicle. But understand that an minibus used for hire and reward will require a dedicated policy.
As you shop for a horsebox insurance policy, you are going to be asked for pretty much the same personal and contact details that you would be asked for as when you are purchasing cover for any other type of vehicle. Expect also questions regarding the exact nature of your business, the size of you fleet (if applicable), how many drivers, and if you will require cover for travel in Europe.
One of the first steps you should take to ensure that your HGV insurance is valid is to make sure that all drivers on your policy hold the exact and appropriate professional driving qualification that is known as Diver Certificate of Professional Competence. (CPC)
Depending on the exact weight of your vehicle along with some other criteria, if you truck is going to be used for goods-carrying, then all drivers will need to hold the appropriate operator’s license.
Types of Horsebox insurance
The same as with other types of vehicles, for HGVs there are three main types of cover.
Third party only truck insurance (TPO)
This is the minimum level of cover that id required by law in the UK. This will provide cover for:
- Liability for injury to others (including passengers)
- Damage to third party property
- Liability while towing a trailer or caravan
Third Party Fire and Theft
This will cover everything that Third Party does plus:
- Fire damage
- Theft of your truck
- Any damage to your lorry that is caused during theft
Comprehensive Horsebox Insurance
This type of policy will provide you with the absolute most extensive level of cover. This will cover everything that Third Party Fire and theft and most often:
- Loss or damage to your lorry
- Windscreen Cover
- Personal effects
- Accidental damage
- Medical expenses
Always be sure to check the fine print of a policy before purchase to understand what is and isn’t covered.
Telematics Horsebox Insurance
A Telematics policy will use a black box or a mobile phone app in order to calculate premiums based on nature and standard of your driving. Presently, this is a very rapidly growing sector of the insurance market. It is very popular with commercial fleets where it is used to moniter the precise performance of the different drivers working for the company.