Logistics + Freight — NZ Commercial Motor + Heavy Vehicle

Mid-size logistics operators with 6-50 vehicles carrying B2B freight nationally.

Logistics commercial-motor mixes fleet rating (5+ vehicles → experience modification) with heavy-vehicle exposure (trucks 3.5T+) + carriers' liability for delivered freight. Trans-Tasman operators need territorial-scope extensions. FCIB places mid-size logistics through NZI and QBE under the Steadfast binding authority; Zurich + Delta provide capacity for niche risk classes.

Risk classes for this industry

  • Fleet (multi-vehicle) — 5+ vehicles on a single schedule, rated on experience modification rather than per-vehicle NCB.
  • Heavy vehicle — Trucks, buses, or vehicles over 3.5T GVM — specialised heavy commercial-motor cover.
  • Courier — Owner-driver or sub-contractor running a courier vehicle (van / ute / small truck) for hire and reward.

FCIB panel for this industry

FCIB typically places business through: NZI , QBE Insurance NZ , Zurich New Zealand .

Watch out for

  • Goods-in-transit per-consignment sub-limit matters — high-value freight (electronics, pharmaceuticals) often needs separate marine cargo cover.
  • Cross-Tasman operators need Australia + shipping-in-transit endorsements — default NZ-only scope clause is common.
  • Owner-operator sub-contracts need contractual-liability and waiver-of-recovery clauses reviewed.

Side-by-side wording extract

NZI

NZI Steadfast Commercial Motor Vehicle

Excess options (NZD)

  • theft: Where the cause of loss is theft or unlawful conversion or fire (fire not resulting from impact) to the insured vehicle, no excess will apply to the Section 1 claim unless stated in the schedule or payable under any 'Section 1: Automatic Policy Extension' or 'Section 1: Optional Policy Extension'.
  • at_fault: not specified — not mentioned in wording
  • standard: shown in the schedule
  • unnamed_driver: not specified — not mentioned in wording
  • fleet_aggregate: If more than one insured vehicle suffers loss from a single event, only one excess shown in the schedule will apply, being the highest excess, together with any excess payable under any extension in 'Section 1: Automatic Policy Extensions' or 'Section 1: Optional Policy Extensions'.
  • under_25_driver: not specified — not mentioned in wording
  • inexperienced_driver: not specified — not mentioned in wording

No-claims bonus

Not on file.

Vehicle types covered

Not on file.

Goods in transit

  • included: yes — automatic extension: 'Section 1 is extended to cover loss to goods owned by you, that are being carried on or in an insured vehicle, for the purpose of a single relocation (such as a delivery to a customer's premises or to a warehouse) resulting from loss to an insured vehicle covered under Section 1 of this policy.'
  • sub_limit_nzd: 10000

Territorial scope

We will insure you for accidental loss to an insured vehicle occurring anywhere in New Zealand, including transit between islands of New Zealand, during the period of insurance.

QBE Insurance NZ

QBE Steadfast Commercial Motor Vehicle

Excess options (NZD)

  • theft: Where the cause of loss is theft or fire (fire not resulting from impact) to the insured vehicle, no excess will apply to the Section 1 claim unless stated in the schedule or payable under any Section 1: Automatic Policy Extension or Section 1: Optional Policy Extension.
  • standard: The excess shown in the schedule — specific amounts not stated in wording, set per schedule
  • fleet_aggregate: If more than one insured vehicle suffers loss from a single event, only one excess shown in the schedule will apply, being the highest excess, together with any excess payable under any extension in Section 1: Automatic Policy Extensions or Section 1: Optional Policy Extensions.

No-claims bonus

Not on file.

Vehicle types covered

  • cars
  • station wagons
  • utilities
  • vans
  • four-wheel drives
  • trucks
  • mechanical plant
  • vehicles with hoists or hydraulic rams
  • vehicles with mulching, chipping or agricultural implements
  • drilling rigs
  • vehicles transporting goods for reward
  • vehicles transporting fare-paying passengers
  • vehicles used for airside operations
  • unspecified trailers

Goods in transit

  • included: yes — automatic extension: 'Goods in Transit — If an insured vehicle suffers loss caused by an event covered under Section 1, this extension covers loss directly caused by the same event to goods owned by you carried on or in the insured vehicle at the time of the loss for the specific purpose of a single relocation (such as a delivery to customer's premises or to a warehouse).'
  • sub_limit_nzd: 10000

Territorial scope

Cover applies 'anywhere in New Zealand, including transit between islands of New Zealand, during the period of insurance.' Section 2 liability cover applies 'occurring in New Zealand during the period of insurance.' Exclusion: 'Liability determined by any court outside New Zealand.'

Zurich New Zealand

Zurich NZ Motor Insurance

Excess options (NZD)

  • theft: not stated in wording — refer to schedule
  • standard: rule string — 'The amount of the deductible is shown in the schedule. The deductible will apply separately to each vehicle and each claim on that vehicle. Where more than one of your vehicles is involved in the same accident, only the higher deductible will apply.'
  • unnamed_driver: not stated in wording — refer to schedule
  • inexperienced_driver: not stated in wording — refer to schedule

No-claims bonus

Not on file.

Vehicle types covered

  • cars
  • station wagons
  • utilities
  • vans
  • four wheel drive passenger vehicles
  • trucks
  • buses
  • electric vehicles
  • battery electric vehicles (BEV)
  • plug-in hybrid electric vehicles (PHEV)
  • mobile plant
  • mobile equipment
  • trailers
  • agricultural implements and machines
  • vehicles with hoists
  • leased/hired/borrowed/lent vehicles under care custody and control

Goods in transit

  • included: yes — automatically included via Extension 22
  • sub_limit_nzd: rule string — 'Our total liability shall not exceed the limit specified in the schedule, in respect of any one accident, subject always to a deductible of $50.' Cover applies where there is a fire, or collision or impact to your vehicle with any object, or an overturning of your vehicle, or your vehicle is stolen.

Territorial scope

accident means an unforeseen and unintended happening or event occurring anywhere within New Zealand (or elsewhere when specified in the schedule).

Dual New Zealand

DUAL New Zealand Commercial Motor Vehicle (08.23 v2)

Excess options (NZD)

  • theft: No excess applies to Section 1 claim where cause of loss is theft or fire (fire not resulting from impact), unless stated in the schedule or payable under any Section 1: Automatic Extension or Section 1: Optional Extension.
  • standard: As shown in the schedule

No-claims bonus

Not on file.

Vehicle types covered

  • cars
  • station wagons
  • utilities
  • vans
  • four wheel drives
  • trucks
  • mechanical plant
  • mobile machinery
  • vehicles with cranes or hoists
  • taxis
  • agricultural vehicles (tractors etc.)
  • any type of machine on wheels, tracks or rollers (but not rails) propelled by its own power, and anything designed to be towed by such a machine

Goods in transit

  • included: yes — automatic extension: covers loss to goods owned by the insured carried on or in the insured vehicle at the time of loss, where loss arises from fire, collision, impact or overturning covered under Section 1
  • sub_limit_nzd: The limit shown in the Limits and Excesses section (specific dollar amount not stated in the wording text provided)

Territorial scope

New Zealand — 'We will indemnify the insured for accidental loss to an insured vehicle occurring anywhere in New Zealand during the period of insurance'; liability cover applies to use of an insured vehicle 'in New Zealand'.

Delta Insurance

Delta NZ Commercial Motor Vehicle (April 2024)

Excess options (NZD)

  • at_fault: The Excess shall be refunded for a No Fault claim unless specified in the Schedule or related extensions.
  • standard: as per the Schedule
  • unnamed_driver: as per the Schedule
  • under_25_driver: The Excess will be cumulative where there is more than one Excess applicable and it is stated as such on the Schedule, including the under 25 years old Excess.

No-claims bonus

Not on file.

Vehicle types covered

  • cars
  • station wagons
  • utilities
  • vans
  • SUVs
  • trucks
  • heavy commercial vehicles
  • mobile plant and machinery (cranes, forklifts, excavators, lifting machinery/platforms, log haulers, skidders, rollers, graders, bulldozers)
  • electric/hybrid/hydrogen vehicles
  • autonomous vehicles
  • vehicles used for the Insured's Business

Goods in transit

  • included: yes — automatic extension 'Property In Transit – Your Own Property' covers Loss or Damage to the insured's owned physical property directly arising out of an Accident involving the Insured Vehicle; 'Property In Transit – Third Party Property' is an optional extension under Section 2
  • sub_limit_nzd: as shown in the Sublimits and Excesses section in the Schedule

Territorial scope

New Zealand — 'Accident or Accidental means sudden, unforeseen, unexpected, and unintended Event occurring in New Zealand during the Period of Insurance.'

Showing 5 of 6 FCIB-panel insurers — AIG / Zurich / Delta / Dual NZ broker-portal PDFs are pending. See the full panel.