Business Insurance

Commercial Vehicle Insurance

Motor insurance for goods-carrying vehicles, passenger fleets, taxis, buses and construction equipment. Own damage, unlimited third-party liability and optional goods-in-transit cover, placed through insurers with strong cashless workshop networks along your operating corridors.

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Coverage at a Glance

Own Damage

Repairs after accident, fire, theft or natural peril

Third-Party Liability

Mandatory unlimited liability for death or injury

Goods in Transit

Optional cargo cover for goods being carried

Roadside Assistance

24/7 breakdown and recovery as a policy add-on

OD + TP Full Cover

Fleet Discounts Available

6h Claims Response

45+ Insurer Network

Coverage

What Your Policy Covers

A structured placement designed to close every material gap in your risk exposure, not a standard policy sold off the shelf.

Own Damage

Covers repair or replacement of your commercial vehicle following accidental collision, fire, self-ignition, lightning, theft, cyclone, flood, earthquake and malicious damage.

Third-Party Bodily Injury

Mandatory cover under the Motor Vehicles Act, 1988, providing unlimited liability for death or bodily injury caused to third parties. The tariff premium is fixed by IRDAI.

Third-Party Property Damage

Covers legal liability for damage caused to third-party vehicles, buildings or property up to the prescribed statutory limit.

Goods in Transit

An optional extension covering cargo being carried in your commercial vehicle against loss or damage from accident, fire and theft. For regular shippers, a standalone Marine Inland Transit policy may be more appropriate.

Roadside Assistance

24/7 breakdown assistance including on-site repair, towing to the nearest workshop, fuel delivery and key assistance, available as a policy add-on with selected insurers.

Natural Calamity Cover

Included within the own damage section, this covers physical loss caused by flood, earthquake, cyclone, landslide and inundation, relevant for fleets operating in monsoon-vulnerable regions.

Fleet Risk Specialists

Our Approach

Managing a Fleet Requires More Than a Standard Motor Policy

Every vehicle on the road is simultaneously a revenue asset and a liability exposure. A poorly structured fleet policy, wrong IDV, inadequate cashless network, no fleet discount, costs you more in downtime and under-settlement than the premium saving is ever worth.

We analyse your fleet composition, route corridors, driver demographics and claims history before approaching insurers, securing rates that reflect your actual risk rather than an insurer's generic loading.

For fleets of five or more vehicles, we consolidate to a single expiry date and negotiate fleet discount schemes that reduce the per-vehicle premium materially.

We co-ordinate all claims end-to-end, cashless authorisations, surveyor appointments, total-loss settlements, reducing the time your vehicles are off the road.

Who Needs This

Businesses That Carry This Risk

If your operations create the exposures described below, this cover belongs in your insurance programme.

Goods Transport Operators

Trucks, tempos and LCVs in goods carriage require comprehensive own damage, third-party cover and CNG/LPG endorsements where applicable.

Taxi & Cab Fleets

Cab fleets under aggregator or individual licences require commercial vehicle policies with personal accident cover extended to drivers.

Bus & School Transport

Passenger-carrying vehicles require unlimited third-party liability and passenger personal accident cover alongside the standard own damage section.

Construction & Infrastructure

Tippers, transit mixers and off-road construction equipment require specialist commercial policies that cover both on-road and off-road use.

E-Commerce Last Mile

Delivery vans and two-wheelers used in last-mile logistics require fleet policies adjusted for the high utilisation and urban risk profile of this segment.

Corporate Car Fleets

Executive and employee transport fleets benefit from consolidated fleet policies with agreed IDVs and preferred cashless workshops.

How We Work

From Brief to Bound Cover

Three steps from your first conversation to a policy that is correctly structured and competitively priced.

Fleet Assessment

We document your vehicle roster, usage profile, driver records and prior claims to prepare a risk submission that accurately represents your fleet to insurers.

Placement & Negotiation

We approach motor insurers with your fleet data, negotiate premium rates, IDV levels and cashless network access, and present options with a clear recommendation.

Renewal & Claims Management

At renewal, we re-tender across insurers. During the year, we manage every claim from first notification through to final settlement, keeping your vehicles operational.

Key Benefits

Why Clients Place This Cover Through Us

Correct IDV Setting

We calculate IDV at current market depreciation for each vehicle class, not at the lowest defensible value to reduce premium. Under-valued IDV means under-compensation for total loss.

Cashless Network Matching

We select insurers whose cashless workshop networks cover your primary operating cities and routes, access to a cashless garage is worth more than a marginal premium saving.

Single Fleet Policy

One policy document, one renewal date and one claims contact across your entire fleet, regardless of vehicle type or location.

Mid-Term Endorsements

Additions, deletions and ownership changes are processed as mid-term endorsements promptly, keeping your fleet roster current without disrupting cover.

FAQ

Common Questions

Section 146 of the Motor Vehicles Act, 1988 makes third-party insurance compulsory for all motor vehicles in public use. The third-party premium for commercial vehicles is tariffed by IRDAI and is non-negotiable. Own damage cover is optional but essential for any vehicle with significant asset value.

The Insured Declared Value is the market value of the vehicle at the time of insurance, the maximum amount payable for a total loss or theft. If the IDV is understated to reduce premium, the shortfall falls entirely on you. We set IDV accurately for every vehicle in your fleet.

The standard commercial vehicle policy covers the vehicle itself and third-party liability only. Cargo requires a separate Goods in Transit extension or a standalone Marine Inland Transit policy. We confirm the right arrangement based on your freight volume and route profile.

Insurers offer fleet discounts for groups of five or more vehicles, subject to the fleet's claims ratio. The discount is agreed at inception and reviewed at renewal based on actual claims experience. We structure the fleet to maximise discount eligibility and present your claims data in a format insurers can credit.

Photograph the scene and third-party vehicle details, do not move the vehicle before the police and surveyor have attended if the damage is significant, and notify your fleet manager immediately. We then raise the claim with the insurer, arrange surveyor attendance and co-ordinate cashless or reimbursement repair.