Prime Mover Insurance is a specialised type of commercial vehicle insurance designed to cover heavy-duty trucks, commonly referred to as prime movers, used for hauling freight. This insurance provides coverage for various risks including accidents, theft, and damage.

The main types of coverage include:

• Comprehensive Coverage: Covers damage to your prime mover and other vehicles or property in an accident.
• Third-Party Property Damage: Covers damage you cause to other people’s property.

The cost is influenced by several factors including the age and condition of the vehicle, the type of freight being transported, the driving record of the operator, the distance covered, and the geographic area of operation.

Yes, all commercial vehicles, including prime movers, must comply with Australian state and federal regulations, which mandate minimum levels of third-party liability insurance. Additional coverages may be required based on specific state laws and the nature of the operation.

In the event of an accident:

• Ensure everyone’s safety and call emergency services if needed.
• Exchange details with other involved parties.
• Document the scene with photos and notes.
• Notify Truck Cover as soon as possible to begin the claims process.

Cargo is not typically covered under Prime Mover Insurance. Separate cargo insurance is available to cover the goods being transported. This can include coverage for loss, damage, or theft of the cargo. Click here, for more information about Carriers Marine Cargo Insurance

It is recommended to review your policy annually or whenever there are significant changes in your operations, such as adding new vehicles, changing the type of freight, or expanding your service area. Regular reviews ensure that you have adequate coverage and are not overpaying for insurance.