Apply for Commercial Vehicle Insurance Now!
Commercial Motor Vehicle Insurance policy is designed especially for those business owners who have their vehicles being used for business purposes. It comprises of both: the vehicles bought for business use or any personal vehicles that are being used by the business. This policy covers vehicles such as work vans, dump trucks, cabs, delivery trucks, staff vehicles, food trucks, company cars, and more. The insurance ensures liability and collision coverage. The third-party liability coverage helps in paying for repairs and medical costs towards third parties for bodily injuries, including death and property damage caused by an accident which includes people not in the insurance contract, while the collision coverage pays for any repairs and medical costs that you or your vehicle incurs.
Some benefits of Commercial Vehicle Insurance include:
- Commercial vehicle insurance can be written off as a business expense and can be counted as tax-deductible.
- This type of insurance plan can be bought in bulk by travel agencies or car rental services etc., which makes the process easier accompanied by an affordable premium amount.
- It safeguards you from the financial burden caused by the damage due to accidents.
- It also provides for medical costs of the injured, extending up to any other person uninsured or underinsured, driving the vehicle with consent.
- It has a provision of the settlement amount for losses incurred due to unforeseen events such as theft, fire, vandalism, terrorist attacks, and natural calamities, etc.
- It covers the lawsuit and legal fees that are brought against you.
- It has extra benefits for any deaths caused during accidents.
- When there is no claim within the policy period, no claim bonus is awarded during renewals.
- It gives financial assistance to compensate for third-party penalty claims.
- It also offers towing assistance in case you find yourself stranded in the middle of nowhere with car batteries have run out.
Anyone who have a commercial vehicle for transportation business, he is liable to get insurance for his commercial vehicle.
You have to just apply for commercial vehicle insurance in our website www.finofriend.com, our team will search best plan from multiple insurance company and share with you. Then you can easily choose as per your requirements.
Don’t worry, you have to just fill up the claim form and submit it. We will assist you to process the claim. Terms & conditions applied.