Your principal business activity might be the transport of cars, or you might find yourself transporting them on an occasional basis.
Either way, you are likely to want to safeguard those business activities with specialist.
What is it and what does it cover?
Just as the name suggests, car transporter insurance is a form of haulage insurance, designed to protect both the transporting vehicle and the vehicles it is carrying from loss or damage.
Insurance for the transporter itself, of course, is a requirement of motor vehicle legislation as it is with any other vehicle. But car transporter insurance is required to do much more than meet the legal requirement for basic motor insurance.
A car transporter is a specialist vehicle and car transporter insurance is a specialist type of haulage insurance because of the high value of the vehicle – or more frequently vehicles – you are transporting, together with the fact that deliveries are often made throughout Europe.
The CMR convention
The CMR – formally titled the Convention on the Contract for the International Carriage of Goods by Road – is a European convention, given legal effect by the Carriage of Goods by Road Act of 1965. This governs the movement of goods across international borders throughout Europe and is described in further detail by the British International Freight Association (BIFA).
If your business is in any way involved in the transport of cars, you are likely to be especially mindful of the CMR convention. This makes you, the carrier, liable for any damage, theft, loss or delay in delivering the cargo between the time you take charge of the consignment of vehicles until the time they are delivered.
Car transporter insurance, therefore, typically provides cover for these risks and does so whether you are transporting the vehicles within the UK or anywhere within the European Union.
Insuring your transporter
In addition to the provisions for safeguarding the cars you are transporting – including deliveries to and from Europe – this form of haulage insurance may also have the option to include protection for the heavy goods vehicle itself. Protection may include roadside, breakdown assistance to ensure that deliveries are made on time so that you do not incur penalties for late delivery.
Not only do your drivers need to be covered while at the wheel, but, as their employer, you also have a legal obligation to hold employers’ liability insurance (of at least £5 million) in order to meet claims from any employee who is injured in the course of their work for you.
To cover the possibility of accidents resulting in other third parties being injured or having their property damaged during the loading or unloading of the cars you are transporting, public liability insurance is also typically incorporated into specialist car transporter insurance.
Car transporter insurance discounts
Discounts on the premiums payable for such haulage insurance are frequently offered for any additional security or safety measures you employ – such as on-board cameras or vehicle telematics.
Car transporter insurance is clearly a highly specialised form of haulage insurance and you might want to draw on the experience and expertise of a specialist broker when arranging such important cover.