What is Commercial Vehicle Insurance?
Commercial Vehicle Insurance is a specialised insurance policy designed to protect vehicles used for business purposes—such as taxis, buses, autos, vans, trucks, school buses, and goods carriers.
These policies offer coverage against:
Third-party liabilities
Own-damage due to accidents
Theft or fire
Natural disasters
Personal accident cover for the owner-driver
Why Commercial Vehicle Insurance is Important?
If your business depends on vehicles, insurance is critical because:
✔ Legal Requirement
Third-party liability insurance is mandatory for all commercial vehicles in India.
✔ Protects Business Operations
Accidents can cause major financial losses. Insurance helps your business recover quickly.
✔ Covers Driver & Occupants
Personal accident cover provides financial support in case of injury, disability, or death.
✔ Ensures Business Continuity
If a vehicle is damaged or destroyed, insurance compensation helps you repair or replace it without disturbing your business operations.
✔ Easy Online Policy Purchase
With digital processes, buying or renewing commercial vehicle insurance has become effortless.
Types of Commercial Vehicles Covered
✔ Passenger Carrying Vehicles
Includes:
Taxis
Buses
Auto-rickshaws
Vans
School buses
Passenger safety is the owner’s responsibility, making insurance essential.
✔ Goods Carrying Vehicles
Includes:
Trucks
Tempos
Delivery vans
Commercial pickup vehicles
Useful Add-On Covers
Enhance your commercial vehicle insurance with the following add-ons:
✔ No-Claim Bonus (NCB) Protector
Keeps your NCB intact even if you file a claim for an accident where you’re not at fault.
✔ Breakdown Assistance
Provides emergency services such as towing, battery jump-start, fuel delivery, and medical support.
✔ Zero Depreciation Cover
Ensures higher claim payouts without deducting depreciation on vehicle parts.
✔ Consumables Cover
Covers expenses for consumables like engine oil, screws, grease, etc., during repairs.
✔ Accessories Cover
Protects against damage to additional accessories installed in the vehicle.
Types of Commercial Vehicle Insurance Policies
✔ Third-Party Liability Insurance (Mandatory)
Covers:
Damage to third-party property
Injury to third-party individuals
Legal liabilities and court-related expenses
Required under law for every vehicle.
✔ Comprehensive Commercial Vehicle Insurance
Covers:
Accidental damage
Theft
Fire, explosion, lightning
Natural disasters (flood, cyclone, storm)
Malicious activities and riots
Terrorism-related damage
Provides complete protection for your business vehicle.
Benefits & Features of Commercial Vehicle Insurance
Financial protection against accidental loss or damage
Pays third-party liabilities and legal compensation
Cashless repairs at network garages
Coverage against vandalism, theft, and natural calamities
Simple and fast claim process
No-Claim Bonus benefits on renewals
Exclusions (What is Not Covered?)
Commercial vehicle insurance does not cover losses caused:
During war, nuclear activity or armed conflict
Due to negligent or reckless driving
When driven under the influence of alcohol/drugs
By a driver without a valid driving licence
Outside Indian territory
When the policy has expired
Due to regular wear and tear or mechanical breakdown
Due to intentional misuse or illegal activities
How to Buy Commercial Vehicle Insurance with Bharat Finserv
Buying insurance via Bharat Finserv is simple:
Contact us via Call or WhatsApp
Share vehicle details (type, model, registration number)
Provide usage information (goods carrier / passenger vehicle)
Compare quotes from multiple insurers
Select your preferred policy & add-ons
Complete KYC & pay the premium
Receive your digital insurance policy instantly
We ensure complete support until your policy is issued.
Why Choose Bharat Finserv?
✔ Compare Top Insurers at One Place
Get the best protection for your vehicle with our unbiased guidance.
✔ Transparent & Honest Advice
We recommend only what is genuinely beneficial for your business.
✔ 24×7 Assistance
Whether it’s policy selection or claim support, we are always available.
✔ Simple, Hassle-Free Process
We take care of documentation, comparison, and guidance—all in one place.
Related Insurance Plans
Motor Insurance
Marine & Goods Movement Insurance
Home Insurance
Travel Insurance
Business Insurance
Need Help Protecting Your Commercial Vehicle?
📞 Call Bharat Finserv
📱 Chat on WhatsApp
We’ll help you find the best insurance solutions tailored for your business.