Commercial Truck Insurance Broker

Commercial Truck Insurance Broker

Commercial Truck Insurance: a Must-have for Your Business

Commercial trucks are vehicles which are used to carry out commercial activities such as deliveries, transportation of goods, pick & drop and similar tasks. They are an important asset to any business engaged in the above activities and hence need to be protected from any damages. Commercial Truck Insurance Brokers are licensed and registered entities which help you in securing Commercial Truck Insurance for your vehicles and safeguard you from any losses arising due to unforeseen circumstances.

Let’s take a detailed look at what Commercial Truck Insurance means and how Commercial Truck Insurance Brokers, like us, can add value to your operations.

What is Commercial Truck Insurance?

As the name suggests, Commercial Truck Insurance is a type of insurance plan which provides protection against damages due to accidents, natural calamities, theft, fire, collisions (however, the scope isn’t limited to these, as there are policies which offer customisation options).

There are two types of Commercial Truck Insurance: Liability Only policy and Standard Package policy. As per the law, it is mandatory for all trucks plying on the Indian roads to have at least Liability Only policy which protects third parties from the damages arising due to the insured truck. However, as Commercial Truck Insurance Brokers thoroughly experienced in this subject, we always advise to opt for Standard Package policy which covers third-party damages as well as your own vehicle.

Why Do You Need Commercial Truck Insurance?

As is the case with other types of insurance, we cannot stress enough the need for Commercial Truck Insurance. Your vehicles, just like machineries or employees, are an important asset to your business and any untoward incidents can lead to downtime, loss of revenues.

Commercial Truck Insurance need to be an integral part of your risk management plan and let’s see, one by one, why is it so necessary to have one and the role Commercial Insurance Truck Brokers play in it.

  • Legal Reasons: The Indian Motor Law makes it necessary for all trucks to have at least Liability Only policy. To avoid attracting unnecessary fines, which in turn can affect your costs, it is important that you avail Commercial Truck Insurance.
  • Deal With Loss Of Life Or Property: Any mishap on the road can lead to loss of life of the truck driver or damage to own vehicle or others’. Commercial Truck Insurance is absolutely important to deal with such contingencies.
  • Avoid Business Losses: A smoothly running fleet of trucks means a steadily operating business. Any absence of that can mean financial setbacks for your company and hence having Commercial Truck Insurance is important.
  • Prevent Third-Party Damages: Having a Commercial Truck Insurance means shielding yourself from any liabilities that may arise due to your truck to other vehicles or persons.

Get Your Commercial Truck Insurance Quote Now!

As highlighted in the previous sections, Commercial Truck Insurance is very important to avoid any undesired consequences which may hamper your business operations. We, at Life & General Insurance, are one of the highly-regarded Commercial Truck Insurance Brokers and have assisted businesses all across Maharashtra, India safeguard their precious assets and get 100% peace of mind. To know more or to get a quote, fill out the contact form here.