Commercial Vehicle Insurance Guide

Commercial vehicle insurance is essential for protecting business vehicles against accidents, damages, or third-party liabilities. Whether you own trucks, taxis, or passenger buses, having adequate coverage ensures financial security and legal compliance.

Why Choose Commercial Vehicle Insurance?

• Legal Requirement: Mandatory by law for all vehicles operating for commercial purposes.
• Financial Protection: Helps recover from losses due to damage or accidents involving your business vehicles.
• Liability Coverage: Covers injury or damage to third-party persons or property.

What Types of Vehicles Are Covered?

• Goods-carrying trucks and vans
• Passenger vehicles such as taxis, cabs, and buses
• Utility and construction vehicles like cranes and bulldozers
• Special vehicles such as ambulances, tractors, tankers, etc.

Types of Commercial Vehicle Insurance

1. Third-Party Liability Insurance: Covers injury or property damage caused to a third party. Required by law.
2. Comprehensive Insurance: Includes third-party coverage plus own damage protection due to theft, fire, flood, or collision.

Key Inclusions in Comprehensive Cover

• Accidental damage to vehicle
• Theft or burglary
• Fire, explosion, and natural disasters
• Third-party bodily injury or death
• Damage to third-party property

What’s Not Covered?

• Driving without a valid commercial license
• Drunk driving or illegal usage of the vehicle
• Regular wear and tear or mechanical breakdowns
• Damage outside the policy’s geographical limits

Why GoCover for Commercial Vehicle Insurance?

• Compare multiple insurer quotes in one place
• Customized plans for your fleet or single vehicles
• Dedicated claims assistance team
• Easy policy renewal and endorsements