Commercial Vehicle Insurance

Commercial vehicles generally include company cars, vans, lorries, trucks, rental vehicles, tuition cars, private hire cars, refrigerated vehicles, and vehicles fitted with special equipment such as cranes or machinery.

Yes. Under Singapore law, all motor vehicles used on public roads must be insured for at least third-party liability. Vehicles used for business purposes must be insured under a commercial motor policy that reflects their actual usage.

No. Private car insurance does not cover vehicles used for business or income-earning activities. Using the wrong policy type may result in claim rejection or policy voidance.

Yes. Vehicles used for ride-hailing or passenger-for-hire services require private hire car (PHV) insurance, which accounts for higher usage and passenger exposure compared to standard company vehicles.

Common coverage options include: Comprehensive cover Third party, fire and theft Third party only The availability depends on vehicle type, usage, and insurer underwriting criteria.

Yes, provided the drivers are authorised, properly licensed, and declared according to policy requirements. Some policies may impose additional conditions or excess for certain driver profiles.

No. Commercial vehicle insurance generally does not cover goods or cargo carried in transit. Separate insurance, such as marine cargo or goods-in-transit insurance, is required for cargo protection.

Yes. Vehicles fitted with equipment such as cranes, lifting arms, or machinery may be insured with optional extensions, subject to underwriting approval and policy terms.

Some policies provide coverage for use in Singapore and parts of Malaysia or Southern Thailand. Coverage area varies by insurer and must be confirmed before cross-border travel.

Yes. Businesses with multiple vehicles may arrange fleet or multi-vehicle policies. These may offer simplified administration but typically do not include No Claim Discount (NCD).

Premiums are influenced by: Vehicle type and age Usage and industry Driver profile Claims history Coverage type and extensions

Any change in vehicle usage, ownership, or risk profile must be declared promptly. Failure to do so may affect policy validity or claims.

Roadside assistance is not always included by default. It may be available as an optional benefit depending on the insurer and policy selected.

An insurance intermediary helps assess vehicle usage, compare insurer options, arrange appropriate coverage, and provide ongoing support for policy servicing and claims assistance.