Commercial Vehicle Insurance

Commercial Vehicle Insurance protects vehicles used for business purposes against financial risks associated with accidents, theft, natural calamities, and third-party liabilities. It’s mandatory by law in India for all commercial vehicles to have at least third-party insurance coverage as per the Motor Vehicles Act, 1988. With Convivial Insurance Broker, effortlessly compare and purchase tailored insurance plans for your trucks, buses, taxis, tractors, and more, ensuring smooth business operations and complete peace of mind. Choose comprehensive policies for wider protection and hassle-free renewals.

Why Buy Two-Wheeler Insurance Online?

Easy, Fast & Hassle-Free

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Instant Policy Issuance

Quickly insure your commercial vehicles online without paperwork delays.

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Transparent Comparison

Easily compare policies from top insurers to choose the right protection at competitive rates.

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Manage Policies 24/7

Renew or update your coverage anytime, anywhere, online with ease.

Safeguard Your Business on the Move

Protect Assets, Minimize Risks

Legal Compliance

Commercial vehicle insurance is legally required in India; failing to have valid coverage may result in heavy fines and penalties.

Financial Protection

Insurance covers costs arising from accidental damage, repairs, or loss of your commercial vehicles, minimizing unexpected business expenses.

Third-Party Liability

Protection against financial liability arising from injury, death, or property damage caused by your commercial vehicles.

Cargo and Goods
Protection

Optional coverage available to protect against loss or damage to cargo transported by insured vehicles.

Coverage Against Theft and Fire

Insurance protects your business vehicles from potential financial loss due to theft, vandalism, or fire incidents.

Protection from Natural Disasters

Secures your vehicles against damage caused by floods, earthquakes, storms, or other natural calamities.

Types of Commercial Vehicle Insurance Coverage

Choose Your Ideal Commercial Coverage

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Third-Party Commercial
Vehicle Insurance

Legally mandatory policy covering liabilities from injuries or damages to third parties caused by your vehicle. It does not cover damages to your own vehicles.

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Own Damage Commercial
Vehicle Insurance

Offers coverage for damages to your vehicles due to accidents, fire, theft, vandalism, or natural disasters, provided you have an existing third-party policy.

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Comprehensive Commercial
Vehicle Insurance

A complete protection plan covering both third-party liabilities and own damages. Ideal for businesses seeking full financial security for their vehicles.

The Convivial Advantage

Why Trust Us for Your Commercial Vehicle Insurance?

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Tailored Coverage Options

Policies customized specifically for your business vehicles.

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Competitive Pricing

Affordable premiums with no hidden charges.

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Quick Policy Processing

Instant issuance and easy online renewals.

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Expert Advice & Support

Professional assistance in selecting optimal policies.

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Easy Claim Settlements

Prompt and hassle-free claim handling.

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Trusted Insurer Network

Partnerships with India’s top insurance providers.

Commercial Vehicle Insurance FAQs

Answers to Commonly Asked Questions

Commercial Vehicle Insurance covers vehicles used primarily for business purposes, including trucks, buses, vans, taxis, tractors, trailers, auto-rickshaws, and other goods/passenger-carrying vehicles. Coverage varies based on vehicle type, usage, and insurance policy terms.

Yes, under the Motor Vehicles Act, 1988, it's mandatory for every commercial vehicle in India to have at least third-party insurance. Non-compliance can lead to severe legal penalties, fines, or suspension of vehicle permits.

Commercial vehicle insurance premiums depend on multiple factors, including vehicle type, age, make, usage (goods or passenger transport), geographical location, past claim history, type of policy selected, and the Insured Declared Value (IDV). Maintaining vehicles well and safe driving can reduce premiums.

Yes, commercial vehicle insurance policies are transferable to new owners. Notify your insurer within 14 days of selling your vehicle, submit relevant documents such as sale deed and transfer forms, and pay a nominal transfer fee to ensure continuous coverage for the new owner.

Immediately inform your insurance provider and local authorities. Submit necessary documents like your driving license, vehicle registration, policy copy, and FIR if applicable. The insurer will inspect damages, assess the claim, and process compensation as per policy terms and conditions.

Standard commercial vehicle policies usually do not cover cargo. However, you can opt for an additional ‘goods in transit’ cover or cargo protection rider, which provides financial security against loss or damage to goods transported by your insured vehicle.

You can lower premiums by choosing voluntary deductibles, installing anti-theft and GPS tracking devices, maintaining a claim-free history, timely policy renewal, and ensuring regular vehicle maintenance. These factors can significantly reduce your overall insurance costs.