Insurance for self-propelled work machines: Karl Wutz explains

Insurance for self-propelled work machines: Karl Wutz explains

According to a report from www.mittelbayerische.de, self-propelled work machines such as excavators, forklifts and others can be insured under business liability insurance (BHV) if their maximum speed is below 20 km/h. But as soon as these machines travel faster than 20 km/h, things get more complicated. It depends on their area of ​​application whether they are covered by business liability insurance or motor vehicle insurance.

Areas of application such as streets, cycle paths, squares and other public places are considered public traffic areas and require motor vehicle insurance, while non-public areas such as company premises or factory premises can be included in the business liability insurance.

For commercial companies with a large number of machines that are used in different areas of application, this can have an impact on insurance costs. The need to purchase separate car insurance policies may result in increased insurance costs. In addition, the need for regulatory exemptions may present further regulatory hurdles and additional costs for companies.

In addition, the choice between business liability insurance and motor vehicle insurance can vary depending on the area of ​​application and legislation in different countries. Companies must therefore carefully consider which insurance policies are required for their self-driving work machines in order to minimize costs and comply with legal requirements. This can lead to increased demand for tailored insurance solutions.