Motor Insurance (Commercial)
Our AutoExcel and AutoSafe plans ensure your motoring needs are met smoothly and safely.
Motor commercial insurance in Singapore provides coverage for vehicles used for business-related purposes. It ensures protection against accidental damage, and third-party liabilities including injury and property damages that may arise during commercial or social and domestic use.
Key Benefits for Commercial Vehicle
Choice of Workshops
AutoExcel allows you to have your vehicle repairs done at your preferred workshops while AutoSafe provides repairs at any of our authorized workshops.
Option to protect your No Claim Discount (NCD)
With NCD protector benefit, your first claim during the policy year will not affect your 20% NCD.
Complimentary windscreen benefit
Enjoy up to S$500 windscreen reinstatement. You may increase your coverage with a minimal premium top-up.
Option to enhance protection against third party property damages
You can increase your Third Party Property Damage coverage to up to S$1 million in the event of an unfortunate major accident.
Additional coverage
Covers Strikes, Riots or Civil Commotions, Floods, Typhoons, Hurricanes, Cyclones, Tornados and other convulsions of nature.
Protected up to specified limits by SDIC.
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Useful Tips
What is commercial motor insurance, and who needs it?
Commercial motor insurance provides coverage for vehicles used for business purposes, such as delivery vans, lorries, or company cars. It protects against accidental damage, and third-party liabilities including injury and property damages that may arise during commercial or social and domestic use.
Is commercial motor insurance mandatory in Singapore?
Yes, just like personal vehicles, all business vehicles must be insured under a valid motor insurance policy. Choosing the right cover for your commercial vehicle ensures you are well protected from third party liabilities arising out of the usage of your commercial vehicle while safeguarding your business assets.
What types of vehicles can be covered under China Taiping Singapore’s commercial motor insurance?
China Taiping’s commercial motor insurance covers a range of vehicles, including lorries, vans, buses, and passenger cars registered for commercial use. Whether you operate a fleet or a single vehicle, we offer plans that suit different business needs.
Are there any additional coverage options available?
Yes. China Taiping Singapore’s commercial insurance can be enhanced with optional coverage for Third Party Working Risks, increase in Third Party Property Damage limits and NCD Protection, providing extra peace of mind for your business.