About the Policy
Commercial vehicle insurance provides essential coverage for vehicles used in commercial activities, protecting against damages from accidents, theft, natural calamities, and liability to third parties. In India, having commercial vehicle insurance is mandatory for vehicles like taxis, trucks, buses, and more, ensuring legal compliance and financial security.
Whether you own a fleet of trucks or a single commercial vehicle, this insurance safeguards your business against unforeseen events, offering peace of mind on the road and at commercial sites.
Commercial vehicle insurance is crucial for businesses to operate legally and safely. It covers a range of risks, ensuring protection for your vehicle and third-party liabilities.
Anyone or any business entity using vehicles for commercial activities, such as taxis, trucks, buses, and construction equipment, needs commercial vehicle insurance.
Key Points
Check out the key benefits offered by a standard commercial insurance policy in India.
- Covers damages from accidents, theft, etc
- Mandatory by law for commercial vehicles
- Provides financial aid in case of accidents
What are the types of commercial vehicle insurance policies?
The two main types are comprehensive insurance policy and third-party insurance policy.
What does a comprehensive commercial vehicle insurance policy cover?
It covers damages to and by your vehicle, including accidents, theft, natural calamities, and third-party liabilities.
What are the important exclusions in commercial vehicle insurance?
Exclusions include: Wear and tear, breakdowns, Loss with invalid license or under alcohol influence, Loss due to war or civil unrest, Claims from contractual liability Use of vehicle contrary to the specified purpose
