Insurance Services > Commercial > Vehicles and Transit


Any mechanically propelled vehicle that can travel faster than walking pace must carry insurance to meet a variety of statutory requirements. The rules vary according to the type of vehicle involved and are largely common sense.

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Pleasure craft face less onerous requirements than an ocean-going liner and the same is true of aircraft, but road-going vehicles must all be insured against the risk of causing injury or damage to any other person or their property.

A nationwide database is maintained to show every insured vehicle in Britain and this is regularly compared against the list of vehicles that are still registered for road use. That single development has significantly reduced the number of vehicles being used without insurance although it has not proved possible to eliminate individuals from doing so yet.

Extra cover is freely available to cover the loss of or damage to the vehicles themselves.

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Separate cover is also available for goods being moved from one location to another. This cover is separated from vehicle policies themselves because the goods are not always in or on a vehicle during the course of their journey.

These covers have evolved to provide a range of protection because some hauliers will feel they need only purchase insurance against their legal liabilities towards their customers whereas other people may wish to carry 'all risks' insurance to get the widest available protection. Costs will vary in relation to the nature of the goods in question, the geographical scope of cover, the methods of transit, the value of goods at risk at any one time and the history of losses that there may have been for the individual proposer.