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

5 Common Myths about Motorcycle Insurance You Need to Know

While there are some who prefer to ride on two wheels than to drive a four-wheeled vehicle, there are also people who would rather let their body sway as they run a motorcycle. If you are looking for both thrill and fun, riding a motorcycle is a great way to experience such. However, given that you're sharing the same road with other motor vehicles means not being safe at all. Which is why, if there’s car insurance, there is also an insurance that is meant for riders ─ motorcycle insurance. This type of insurance provides protection in the incident wherein your two wheels get stolen, vandalized or damaged, and even helps in terms of medical expenses should you happen to fall off your motorcycle and hurt yourself or a third party. In line with this kind of insurance policy are some of the common myths that you might have heard or used to believe in. 1. Motorcycle insurance is way too expensive If the main reason that makes you feel hesitant about considering motorcycle i...
Post a Comment
Read more

Keep Yourself and Your Bike Safe and Protected with Motorcycle Insurance

Riding on a two-wheeled vehicle is riskier than driving an auto, which is why if your car requires insurance, the same thing goes when you own a motorcycle. If not, motorcycle insurance will never exist. You may somehow think in one way or another that getting motor insurance is just a luxury, but it’s not, men! It is what your bike needs and deserves. As a matter of fact, this kind of insurance can also protect you while on the road. If there is one thing you should put in mind after having the getting your desired make and model of a motorcycle, it is definitely the motor insurance; you need it so you can ride a bike. The same with a car, the insurance for your two wheels is also required by law, which needs to be followed. In times of unexpected event of a collision, the policy you’ve signed in will provide coverage. Also, a comprehensive type of coverage will have your motorcycle covered for damage which is not a result of a collision. In addition to the mentioned benefits...
Post a Comment
Read more

4 Steps in Making Successful Car Insurance Claim in Singapore

There will be times that no matter how careful you are in handling your every drive accident can still happen. It can either involve another party or just you being blinded by other stuff. Whatever the case may be, it is important that your vehicle is insured, thus buying car insurance or motor insurance should be your top priority. When unfortunate events happen while you’re on the road and you want your insurance to shoulder the expenses caused by the accident, there are some important thing to bear in mind. Albeit getting help, in terms of financial, is one of the main importance of getting auto insurance , it is not always guaranteed that the claim process will succeed. For making a successful insurance claim in Singapore, here are the things that you should remember: 1. Exchange information and particular with the other parties involved Exchanging information like name, address, NRIC, contact number, license plate number, and even insurance company with the other p...
Post a Comment
Read more