HGV Insurance Explained

HGV insurance is a type of insurance policy that provides coverage for heavy goods vehicles (HGVs) used for commercial purposes. It is designed to protect the owner of the vehicle against financial loss due to damage or theft of the HGV, as well as liability for injuries or damages that occur while operating the vehicle.

HGV insurance policies generally include the following types of coverage:

1. Road risks: This covers the HGV while it is being driven on public roads. It may include coverage for accidental damage, theft, or fire.

2. Goods in transit coverage: This covers the goods being transported by the HGV. It may include coverage for accidental damage or theft of the goods in transit.

3. Public liability coverage: This covers the HGV owner in case of accidental injury or damage to third-party property caused by a driver of the HGV.

4. Personal accident coverage: This covers the drivers and other passengers in case of accidental injury or death.

The level and type of coverage provided by an HGV insurance policy will depend on the policy selected and the requirements of the HGV owner. It is important to carefully consider the different options available and compare policies from different insurers to find the best coverage for your HGV at an affordable price.

HGV insurance is often required by law for commercial vehicles that are used for business purposes. It is important to check local regulations and requirements to ensure compliance with the law.