About This Course
Commercial Vehicle Insurance Overview:
If you own a commercial vehicle, it’s imperative that you have insurance for it in order to protect you and your business in the event of your vehicle being lost/ damaged/ in an accident. Commercial Vehicle Insurance covers not only your vehicle against physical 
damage, but also provides cover against third-party liability and bodily injury/ death. Which means that when you have a hundred business related things on your mind, your vehicle’s security will not be one of them.
Why is Commercial Vehicle Insurance required?
Commercial Vehicle Insurance is a practical solution to the very real possibility of your precious vehicle being damaged on the road. If your vehicle gets into an accident, it doesn’t matter whether you were driving it or someone else is, you will be completely responsible for the expenses. A Commercial Vehicle Insurance will protect you financially from the third-party liability, bodily injury/ death as well as physical damage to your own vehicle.
Taxi Insurance Policy
Commercial Vehicles are used for business purposes. It can be a mode of goods transportation or for ferrying passengers like Taxis. The vehicles are used extensively on a day-to-day basis to help the business grow, especially Taxis. The taxi scene has completely changed in India with the introduction of app-based taxi services. Taxis are no longer budget cars. Today, we see sedans and other high-end cars operating as taxis. The non-stop functioning of taxis and other commercial vehicles on a daily basis increases the intensity of risks like accidents and damage from natural or man-made calamities. These risks can cause serious damage to the vehicle resulting in downtime and huge repair costs. Paying for such repairs can hamper your financial planning for your business and decrease your profit margin and you may even suffer a loss. To safeguard yourself and your business, it is highly recommended to opt for a comprehensive cover for your commercial vehicle.
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