It’s unlikely you’re using your tipper truck for fun, so you’ll need to insure it for business use – without that your policy could be invalidated.
You’ll also need to choose what level of cover you require. You can choose from:
This offers cover for injury or damage to a third party. You might assume this is the cheapest cover, but that’s not always the case. Insurance providers sometimes charge more for this than they do fully comprehensive cover, as drivers with third-party only cover are considered a higher risk.
It’s also worth considering how much it would cost if you had to repair or replace your tipper van, and what effect that would have on your business. With that in mind, you may want to look for more coverage.
- Third party, fire and theft
This includes third party cover, plus cover if your van is stolen or damaged by fire. Van break-ins are on the rise – there are reports that tool theft shot up by 30% last year – so this is something you’ll want to seriously consider.
In addition to the above, this also offers cover for accidental damage to your tipper.