MOTOR INSURANCE

Commercial Vehicle Insurance — Protect Your Business Fleet

Comprehensive insurance for trucks, buses, taxis, and commercial fleets. Cover your business vehicles against accidents, theft, and third-party liabilities.

What is Commercial Vehicle Insurance?

Commercial vehicle insurance provides financial protection for vehicles used for business purposes including goods carriers (trucks, tempos, trailers), passenger carriers (buses, taxis, auto-rickshaws), and other commercial vehicles. It is mandatory under the Motor Vehicles Act for all commercial vehicles operating in India.

FMC Insurance Bazaar specializes in fleet insurance solutions, helping business owners find comprehensive coverage at competitive rates from top insurers.

Why Do You Need Commercial Vehicle Insurance?

Legal Compliance — Mandatory for all commercial vehicles under Indian law
Business Continuity — Minimize downtime and financial losses from vehicle damage
Fleet Protection — Cover your entire fleet under a single policy framework
Goods-in-Transit — Protect cargo and goods being transported
Employee Safety — Cover driver injuries and medical expenses
Third-Party Liability — Mandatory coverage for accidents involving third parties

Key Benefits of Commercial Vehicle Insurance

Fleet Coverage

Comprehensive coverage for your entire commercial fleet under unified management.

Goods-in-Transit

Protect cargo and goods being transported against damage or loss.

Employee Cover

Driver and helper PA coverage for injuries during commercial operations.

Legal Compliance

Meet mandatory insurance requirements under Motor Vehicles Act.

Breakdown Assistance

24/7 roadside assistance and towing for commercial breakdowns.

Comprehensive Protection

Cover accidents, theft, natural calamities, fire, and vandalism.

Types of Plans Available

Third-Party Only

Mandatory liability coverage for commercial vehicles. Covers third-party injuries, death, and property damage.

Comprehensive Package

Complete protection including own damage + third-party + PA cover. Best for business-critical vehicles.

Fleet Insurance

Consolidated policy for 5+ vehicles. Simplified management, bulk discounts, and unified renewal.

Claim Process

Report the incident immediately to insurer and FMC Insurance Bazaar

File FIR if required (theft, major accident, third-party injury)

Submit claim form with vehicle documents, driver DL, and permit

Surveyor inspects damage at the workshop or accident site

Claim approval and settlement — cashless or reimbursement

Documents Required

Vehicle Registration Certificate (RC)
Commercial Vehicle Permit
Fitness Certificate
Previous Insurance Policy
Driver Commercial License
PUC Certificate
Goods Receipt (for cargo claims)

Frequently Asked Questions

What vehicles are covered under commercial insurance?

Commercial vehicle insurance covers trucks, tempos, trailers, buses, mini-buses, taxis, auto-rickshaws, delivery vans, tankers, and any vehicle used for commercial purposes or goods transportation.

Is commercial vehicle insurance more expensive?

Commercial vehicles have higher premiums due to greater risk exposure from extensive road use. However, fleet discounts, NCB, and voluntary deductibles can help reduce costs significantly.

Does commercial insurance cover goods-in-transit?

Basic commercial vehicle insurance covers the vehicle itself. For goods-in-transit coverage, you need a separate marine cargo insurance or a goods-in-transit add-on.

Can I insure my entire fleet under one policy?

Yes, fleet insurance allows you to cover 5 or more vehicles under a consolidated policy with simplified administration, unified renewal dates, and potential bulk discounts.

What is the penalty for driving a commercial vehicle without insurance?

Under the Motor Vehicles Amendment Act 2019, driving without insurance can result in a fine of ₹2,000 for first offense and ₹4,000 for subsequent offenses, plus potential vehicle impoundment.

Does commercial insurance cover driver injuries?

Yes, a mandatory Personal Accident (PA) cover for the owner-driver is included. You can also add PA cover for paid drivers and helpers as an additional benefit.

How do I file a claim for a commercial vehicle?

Contact FMC Insurance Bazaar or your insurer immediately. For fleet policies, we provide a dedicated claims manager who handles the entire process from intimation to settlement.

Can I get roadside assistance for commercial vehicles?

Yes, many comprehensive policies include or offer add-on roadside assistance covering towing, minor repairs, battery jumpstart, and emergency fuel delivery.

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