Commercial motor isn’t just about repairing vehicles after an accident. It’s about helping your clients keep their businesses moving when the unexpected happens.
Rising repair costs, parts taking longer to arrive and increasing third-party exposures are putting real pressure on fleet clients across New Zealand.
Commercial motor isn’t just about repairing vehicles after an accident. It’s about helping your clients keep their businesses moving when the unexpected happens.
Rising repair costs, parts taking longer to arrive and increasing third-party exposures are putting real pressure on fleet clients across New Zealand.
Key risks affecting New Zealand businesses:
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Repair costs continue to increase
Labour shortages and imported part delays can push up heavy vehicle repair times and costs
Downtime is becoming the biggest exposure
A vehicle off the road can mean lost income, missed contracts and reputational damage
Modern fleets require specialist consideration
Electric vehicles, hybrids and specialised equipment bring new underwriting and claims considerations
Underinsurance remains a concern
Vehicle values may not keep pace with inflation or replacement costs, leaving clients exposed at claim time
Liability exposures are growing
More complex accidents and increasing third-party property damage costs can lead to larger claims
How brokers can add value
Now is a good time to help clients review whether their cover still reflects the realities of their business.
Consider discussing:
- The total cost of loss, not just premium
- Whether extensions such as loss of use and signwriting are appropriate
- Fleet structure, driver profiles and risk management practices
- Differences in policy wordings and coverage between insurers
- Whether vehicle sums insured remain adequate
How we can help
Our team works with brokers to provide:
Flexible underwriting solutions
Practical straightforward conversations
Responsive claims support that understands commercial motor risks
A broad appetite across a range of industries and fleet types
Further resources
This article is intended to provide general information only. Any insurance cover is subject to the terms, conditions, limitations and exclusions set out in the relevant policy wording. Before making any decision about insurance, please read and consider the relevant Product Disclosure Statement (PDS) and policy wording, available on our website or by contacting your local DUAL underwriter. DUAL New Zealand (NZBN 9429031263993, FSP108406)