Skip to main content

Secure and Protect Both Your Car and Business with Commercial Vehicle Insurance

These days, vehicles are not just used as a means of transportation but for business purposes too.
These days, vehicles are not just used as a means of transportation but for business purposes too. For instance, the Grab company utilizes four wheels for business, and with managing a vehicle for business, taking care of it is a crucial thing. This does not simply mean comprehensive maintenance and operating plan but having commercial vehicle insurance. Not to mention that owning a car (whether it is commercial or private) entails having car insurance. However, it is important to know that standard and commercial vehicle insurance policies vary in some ways.

When it comes to insurance purposes, a vehicle can be identified as a commercial vehicle if it is owned by the business, provided to employees by the business, and personally owned vehicle that is used in business practices.

With your commercial auto being insured, the business, vehicles, and operators will have protection in case a problem occurs. That is why if you want to safeguard the two important things (your business and vehicles) better choose the right one among the best car insurance companies in Singapore.
Some of the coverage choices that you may need in line with getting commercial auto insurance are as follows:

1. Liability Insurance
Since road accident is inevitable, which can happen even to the most cautious driver, there is some state including Singapore that requires you to have this kind of coverage. Liability coverage can be of big help when it comes to compensating others who were harmed in such accidents that is determined to be your fault.

2. Collision Coverage
As the name of this coverage tells, it comes into play when the vehicle becomes damaged after crashing into other vehicles. With collision coverage, you don’t need to bother yourself with the expenses as the insurance provider will take care of the repair costs.

3. Comprehensive Insurance
This type of coverage applies to non-accident hazards. Some instances with regards to this include when the vehicle gets stolen or when it becomes damaged in a storm.

4. Uninsured/Underinsured Coverage
If liability insurance is for accidents in which you are determined to be at fault, this type of coverage, on the other hand, goes the other way. In case you get in an accident which another driver is at fault, and that driver happened not to have proper liability insurance to pay you off for the damaged or injury he caused you, uninsured/underinsured coverage can save you! In fact, it can help you pay for your own losses.

5. Medical Payments Coverage
Medical expenses can tremendously hike up depending on the injuries that a driver or passengers get after having an accident. Fortunately, this coverage can give support when it comes to paying for the medical bills.

6. Hired Auto Insurance
If you are renting a vehicle from another provider in order to operate your business, might as well get this coverage.

7. Non-Owned Coverage
This type of coverage is suggested if there are other people, say, employees, who occasionally use the vehicle for business purposes.
Furthermore, before getting commercial auto insurance, it is important to the value of the business and the business assets first, in order to limit the coverage that will be needed the most.

In case you don’t have time to check on every insurance company in Singapore, you may quote for vehicle insurance online. Also, Autoshield can help you find the best commercial policy that can meet suit your commercial vehicle. You may reach us through our customer service hotline at 6385 0777, or send us your SMS at 8588 1688, 8588 9191, 8686 9991, 8688 9991, 8588 9991, 8866 9991, 8868 9991, 8668 9991.
Labels:

Comments

Post a Comment

Popular posts from this blog

Borrowing a Car Equals Borrowing Car Insurance Too!

You might have experienced sharing clothes, food, and other stuff with a friend, or a member of the family, which are somewhat a common thing. But have you ever tried tossing your car key to someone? Well, allowing a person, may it be your friend, family, or neighbor to drive your car is not as easy as sharing the above-mentioned things. Believe it or not, when you borrow someone else’s car or lend a person your key, it is like borrowing or lending car insurance , too! It is because auto insurance goes after the car and not the driver. At this point, the question “are you insured when you borrow a car” has already been answered, but let us go deeper. Despite the fact that you are like being covered by the insurance of the car you borrowed, it is important to know that it still depends on the terms of the car possessor’s policy and not yours. That is why it is indeed important to have research regarding car insurance just so you have a little background about the process in case ...
Post a Comment
Read more

5 Essential Car Tips You Must Not Forget during Rainy Season

Once the rainy season comes in, most drivers often heard and are advised not to drive even more safely given that the road is wet; hence car accidents are more likely to occur. The good thing is your auto insurance can help you covered in times of getting into car-related accidents. But instead of being too dependent on your private car insurance , being careful on the road is also important. That's why there are some golden rules when driving under the pouring rain including driving slowly, turning on your lights (whether it’s daytime or nighttime), keeping a safe distance between the other vehicles, and so on and so forth. Apart from remembering these safety driving tips during the rainy season, what some drivers fail to notice is the fact that their vehicle also needs special attention. Checking whether your car is in good condition is most especially needed when the wet weather is about to come. Given that the rain can potentially affect every part of your vehicle due to...
Post a Comment
Read more

4 Travel Insurance Mistakes Every Traveler Should Take In Mind!

Travel insurance probably sounds like just a luxury and not a necessity. Some may even find it difficult to assess its importance unless it is too late. What people do not know, especially those folks who love to travel around, is that it serves as their protection when taking a trip (domestic or out-of-the-country trip)! In order to save you from unpleasant situations, here are some (common) mistakes that you should take in mind and avoid when it comes to travel insurance in Singapore! 1. Not taking buying car insurance seriously Since most people have the habit of doing something when there is only a little time left, there are also some who set aside about purchasing travel insurance and remembers it when it is already too late. It would be better if you get travel insurance at the airport instead of buying it when you’re already abroad for some providers may not cover the trip once it has already started. In any case, you want to know and apply for the best travel insuran...
Post a Comment
Read more