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Commercial Vehicle Insurance
Commercial vehicle insurance is a tailored insurance plan that provides coverage for the damage caused by or to the commercial vehicle. It provides coverage to both parties involved in the accident for injury or even death.… The policy provides coverage for the loss or damage caused due to natural calamity, fire, man-made disasters, etc. All business owners must cover their commercial vehicles running on the road such as auto-rickshaw, trucks, lorries, cabs, school buses, etc.
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Key Features of Commercial Vehicle Insurance
A commercial vehicle insurance plan comes loaded with some salient features. The following are the salient features offered under commercial vehicle insurance:
- Comprehensive coverage is provided to both public and private carriers including special types of goods carrying vehicles.
- The commercial vehicle insurance plan provides cover for the liabilities in case of any injury or an accident.
- Do not worry about the unwanted expense as having a commercial vehicle insurance plan will provide monetary compensation.
- Remain stress-free from monetary setbacks incurred due to liabilities.
- Third-party person/vehicle/ property damage cover.
- A personal accident covers the driver and the owner.