Commercial Motor Insurance
Biima
What is Commercial Motor Insurance Policy, and Why Does YOUR Business Need One?
Commercial vehicles form a significant part of YOUR business investment, and it’s only wise to give them all the protection YOU can. That’s why commercial motor insurance is a must-have for any business that owns and operates vehicles for business purposes. During YOUR routine business undertakings or while in transit or rest, YOUR vehicles can encounter accidents, damage, theft, etc. This insurance protects YOU against the financial burden of such unfortunate events. Whether YOUR vehicle got into an accident, needs accident-related repairs, or YOU are facing some accident-related legal claims involving YOUR vehicle, it can cover YOU for it all.
The primary inclusions are –
- Repair or replacement costs arise from accidental damages, fire, theft, or vandalism.
- The cost of damage caused to a third-party property (car, house, etc.) by Your vehicle.
- Legal liability for injuries or death caused to others due to an accident involving YOUR vehicle.
- Tow charges if YOUR vehicle is involved in an accident.
- Medical expense coverage is available if the driver is injured in an accident while driving the insured vehicle.
- Recovery cost in case of loss or damage of tools and equipment stored in YOUR business vehicle.
Commercial motor insurance is the one policy YOU need to mitigate diverse risks involving YOUR vehicles. As reputed insurance brokers, we can’t stress enough the importance of getting insured. So, connect with us without any delays, share critical information about YOUR business, and help YOU secure the best coverage for YOUR commercial vehicles.
Cover Options:
- Commercial Motor Insurance
- Downtime (Only available with Commercial Motor Insurance)
- Public Liability
- Marine Cargo (Goods in Transit)
Commercial Motor Insurance
Insurances
Insurances We Provide
At BIIMA, we bring YOU a full spectrum of insurance policies from leading market players to protect YOU, YOUR assets and YOUR business – manage risks and live with added peace of mind.
Why Choose Us as YOUR Commercial Motor Insurance Broker?
01
Tailored Solutions
Providing personalised insurance support for businesses and individuals since 2015.
02
Diverse Portfolio
A rich insurance portfolio – 85% commercial and 15% personal insurance.
03
Customer-First
We keep YOUR interest, YOUR need, and YOUR satisfaction at the CORE of our Insurance Solutions.
04
Multilingual Experts
We have a multilingual team, so language would never be a barrier to us.
Need a custom motor insurance policy for YOUR business? Consult today!
Insurance by Industry
Industries We Cater
We assess risks and vulnerabilities inherent to YOUR industry and ensure YOU are covered where it matters the most. Whether YOU are a small enterprise or a large-scale business, access tailored insurance solutions with us. Diverse industries, ONE Insurance Broker firm!
Full Coverage, Added Peace of Mind: Commercial Motor Insurance
Whether YOU run a fleet of trucks or use other vehicles for YOUR day-to-day operations, having the right coverage ensures business continuity and peace of mind. So, if vehicles are a key component of YOUR business proceedings, invest in their safety and YOUR financial stability with the right insurance. The key industries that benefit from a commercial motor insurance policy include –
- Logistics and transport
- Construction
- Delivery and courier services
- Tradespeople and contractors
- Rental motor businesses
The right coverage for YOU will vary depending on YOUR industry, the frequency of YOUR motor operations, and the risk factors involved. At BIIMA, we want YOU to settle for nothing but the most suitable insurance policy. Once YOU connect with us –
- We will initiate a thorough discussion to understand YOUR unique requirements, including YOUR coverage needs, etc.
- Conduct market research to determine the critical insurance regulations surrounding YOUR business.
- Connect with leading insurance providers and offer the most suitable policies at competitive rates.
- Provide YOU with a list of potential insurance options, help YOU with the comparison, and ensure YOU make the optimal choice.
- Complete the application process and help YOU get insured without any hassles.
At BIIMA, we also help YOU with claim lodgements and insurance renewal. So, with us, YOU can expect 360-degree insurance assistance. Once YOU connect with us, YOU will never have to look for another team to meet YOUR insurance requirements. We leverage our network of leading insurance providers and bring to YOU the most suitable policies available in the market. Get the best value for YOUR money and secure a seamless insurance journey with us.
Most Asked Queries
Frequently Asked Questions
What kinds of vehicles are covered under commercial motor insurance?
Diverse vehicles can be covered under commercial motor insurance, including but not limited to-
- Cars
- Vans
- Trucks
- Buses
- Delivery vehicles
- Construction vehicles like cranes, forklifts, etc.
All vehicles registered under YOUR business and used for commercial purposes can be included in YOUR insurance policy. The number of vehicles YOU can include under one insurance depends on the coverage limit. So, ensure YOU get a policy that aligns with the scale and scope of YOUR business. At BIIMA, we offer tailored assistance. Share YOUR requirements with us; we will help YOU get the proper coverage.
Can I lower my commercial motor insurance premium?
Yes, YOU can potentially lower YOUR insurance premium by –
- Ensuring all YOUR drivers maintain a good driving record and employing drivers with clean driving histories.
- Implementing safety measures such as GPS tracking and dash cams in all YOUR commercial vehicles.
- Bundling all YOUR vehicles under a fleet policy.
All these factors can help YOU bring down YOUR premium to a certain extent. But always remember to get adequate vehicle coverage and not settle for subpar coverage because of low premiums. Make sure to invest in a cost-effective insurance policy.
What is the cost of getting business motor insurance?
The cost of getting motor insurance for YOUR business vehicles can depend on diverse factors, including but not limited to –
- The type and value of the vehicle(s)
- The business’s location
- The driving history of the vehicle operators
- The level of coverage chosen (comprehensive vs. third-party)
- How the vehicle is used (e.g., long-distance transport, local deliveries)
- The industry YOUR business operates in
- Claims history
When YOU connect with us, we will consider all these aspects and recommend the right policy. We will find the right balance between coverage and cost and ensure YOU enter a cost-effective insurance engagement. With us, compare prices and settle for the best policy available.
What doesn’t a commercial motor insurance cover?
The motor insurance doesn’t cover –
- General wear and wear
- Mechanical or electrical failure/breakdown
- Intentional damage caused by a policyholder or an authorised driver.
- If someone not listed on the insurance policy drives the vehicle.
- Drunk or drug-related incidents
- If the vehicle is used outside policy terms
- Damage to tyres caused by punctures, bursts, or road cuts
- Goods or equipment being transported may not be covered unless YOU have a specific policy.
Also, YOUR claims may be rejected if the vehicle was not maintained or was unroadworthy during the accident.
Can I insure multiple vehicles under one policy?
Yes, YOU can insure multiple vehicles under a fleet insurance policy. Unlike regular motor insurances that cover a single car, a commercial fleet policy can cover multiple vehicles. If YOU are a business owner who owns multiple frequently used vehicles, getting a fleet policy would be the right choice. With limited premium, YOU will be able to secure all YOUR vehicles. YOU can also include a new vehicle under YOUR existing motor insurance policy. But clarify these points with YOUR insurer to avoid any problems later.